Tax

Direct Tax Collections Rise by 11% during April – June period: Indian Government

Direct Tax Collections Rise by 11% during April – June period: Indian Government

Direct tax collection has jumped by nearly 11 percent during April 1 to June 16 period, as per official statement released by Indian government.

7 Ways American Businesses Reduce Their Taxes

7 Ways American Businesses Reduce Their Taxes

Tax is often seen as a necessary burden for consumers and businesses alike.

Should You Invest in ELSS Beyond 80C Limit?

Should You Invest in ELSS Beyond 80C Limit?

Many investors consider various parameters while selecting the right financial instruments. While some of them only look at the expected returns, others also seek the related tax benefits.

Almost half of all Malaysians guilty of tax evasion

Almost half of all Malaysians guilty of tax evasion Kuala Lumpur - At least 900,000 Malaysians are guilty of not paying their taxes, prompting the government to track down the evaders, a news report said Monday.

There were an estimated 2 million people with taxable earnings in the country, but only 1.1 million are currently paying, Deputy Finance Minister Kong Cho Ha told parliament.

Companies fared even worse, with only 104,000 corporations paying taxes on their profits, out of the 500,000 firms registered, Kong was quoted as saying by the official Bernama news agency.

SEZs get service tax boost

CM to hike excise duty on beer, IMFLs

A chilled mug of beer will cost you more this summer, what with the state government announcing a hike in excise duty on beer, Indian Made Foreign Liquor (IMFL) and other beverages with low alcohol content.

Chief Minister BS Yeddyurappa made this declaration during the two-day debate on the budget proposals in the legislative assembly on Friday.

He added that the maximum retail price (MRP) on these products would be raised, thus reducing the profit margins for all liquor joints.

Yeddyurappa added that the government hoped to earn Rs820 crore revenue by enhancing excise duty and that a notification in this regard will be issued soon. Revenue earned from this hike will be directed to fund budget programs.

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