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tax

News Reports

Government considering 18% GST on UPI payments over ₹2000? Here is the fact behind the baseless claim

Raju Das - 18 April, 2025

A false claim is made by some media houses and social media users that the Union government has proposed imposing GST on UPI transactions

News Reports

Adani Group paid ₹58,104.4 crore in global taxes in 2023-24, group companies release Tax Transparency Reports

ANI - 23 February, 2025

The Adani Group, a major leader in infrastructure development, has released its Tax Transparency Reports for the fiscal year 2023-2024

News Reports

‘Will benefit only 20-25 people’: Rahul Gandhi repeats clichéd tropes to attack Union Budget 2025 which entailed big tax cuts

Jinit Jain - 1 February, 2025

Earlier today, in a big relief for the middle class, FM Nirmala Sitharaman had announced nil income tax for income up to Rs 12 lakhs per annum.

News Reports

Income tax payable on same income has come down by over 50% since 2014: A comparison of the taxes across 11 years

Raju Das - 1 February, 2025

While now there is no tax on income up to ₹12 lakh, in 2014 it was in the highest tax bracket, which started at ₹10 lakh with a tax rate of 30%.

News Reports

Supreme Court rejects advocate Ashwini Upadhyay’s petition seeking to scrap the Tax Deducted at Source (TDS) system

ANI - 24 January, 2025

The Supreme Court on Friday refused to entertain a PIL seeking to declare that the Tax Deducted at Source (TDS) system is "manifestly arbitrary, irrational and violative of various fundamental rights".

World

Tax On Rain: Toronto in Canada considering a ‘rain tax’ based on amount of hard surfaces on your property, here’s what it means

OpIndia Staff - 26 March, 2024

The authorities intend to impose a ‘stormwater charge’ for all property classes. In addition, a stormwater charge credits program for large properties and administrative water charges.

News Reports