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tax

News Reports

US Justice Department ‘forever bars’ IRS from auditing President Trump, his family and companies for past tax claims, Trump drops $10 billion suit under...

OpIndia Staff -
The U.S. Department of Justice has reached a sweeping settlement with President Donald Trump that resolves his $10 billion lawsuit against the IRS (Internal...
News Reports

China reintroduces tax on condoms and contraceptives after decades to boost birth rates

OpIndia Staff -
In a move to reverse its plummeting birth rates, China has officially removed a decades-old tax exemption on condoms, contraceptive pills, and other birth...
Entertainment

Ladakh LG declares Dhurandhar tax-free citing its extensive shooting in the region, the movie crosses ₹1,100 crore at the box office despite attacks by...

OpIndia Staff -
In a move aimed at boosting local tourism and filmmaking, Ladakh's Lieutenant Governor Kavinder Gupta has declared the Bollywood spy thriller Dhurandhar tax-free in...
News Reports

Pakistan’s 40% ‘period tax’ challenged by young lawyer in the Supreme Court: How far behind is the Nation on menstrual hygiene?

विशेषता -
Omar argues that these taxes, both direct and indirect, make sanitary pads unaffordable for millions of women, especially those living in poverty or rural areas.
News Reports

Donald Trump claims India will be paying a tariff of 25%, but that is not how tariffs work: Read who will actually pay it...

Raju Das -
Donald Trump claimed India would be paying a 25% tariff on exports to the US, but that's misleading. In reality, US importers pay the tariff, often passing the cost to consumers through higher prices
News Reports

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

Raju Das -
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 -
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 -
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 -
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 -
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".
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