Of this, personal income tax refund stood at Rs 10,408 crore, while that of corporates was Rs 26,642 crore
Several individuals including avoid filing income tax returns as they do not want to declare their earnings from various sources
At Rs 92,849 crore, the goods and services tax (GST) collection is the lowest in 10 months since August 2020
If the amount donated exceeds 10% of the adjusted gross total income, then the amount over such 10% shall not be eligible for deduction
The new provisions will be applicable to purchase of goods, increased TDS rates for non-filers, and the pension of senior citizens
Money received from anyone on the occasion of an individual's marriage is not taxable
In the US, Biden has proposed a 21% minimum rate on overseas earnings of big US companies to deter them from shifting profits to tax havens.
US Treasury Secretary Janet L Yellen said that the US and India have a shared interest in implementing a robust global minimum tax.
Refer to the loan agreement to understand whether your top up housing loan mentions any restrictions with respect to the end use of the funds
The President's salary is charged from the Consolidated Fund of India, which is the kitty into which all tax and revenues of the government flow