Photo: Exchange4Media

Netflix To File Plea Against ₹196 Cr Tax Demand

Online streaming major Netflix to file an appeal before the income tax appellate tribunal against the Rs 196 crore tax demand raised by the taxmen over alleged tax evasion. Netflix's move comes after the Dispute Resolution Panel (DRP) allowed the tax demand raised by its international taxation wing. The IT department had contended that Netflix Entertainment Services LLP acted as a dependent agent permanent establishment (DAPE) of Netflix.

Tue, 03 Oct 2023 - 09:46 AM / by Varsha Joshi

Tags: Netflix, IT Department, tax, file, Law news

Pakistan FM

Photo: India Times

Pakistan Minister Holds Meeting With IMF Over $7 Billion Loan

The Pakistani government has received a memorandum on the terms and conditions from the IMF for the completion of a USD 7 billion loan programme.  Pakistan Finance Minister Ishaq Dar confirmed the development with awaited staff-level-agreement after a meeting with the IMF delegation. It is to be noted, Pakistan is facing a major economic crisis, and is looking for a loan to overcome the crisis.

Sat, 11 Feb 2023 - 11:45 AM / by Varsha Joshi

Tags: Pakistan(40), IMF, memorandum, Pakistan Minister, LOAN, tax

Courtesy: NDTV


Photo: Telangana Today

UP Government Announces 'Dog Tax,' Pet Owners To Pay About Rs 630 Annually

The "Dog Tax" was announced by government officials in Prayagraj, Uttar Pradesh. Depending on the type of dog, pet owners may be required to pay more than Rs.100. The Municipal Corporation formerly charged a levy of Rs.500 on costly breed dogs and Rs.200 on locally bred canines. Now citizens will be required to pay around Rs.630 annually. A license would also be required to keep a pet dog at home. 

Fri, 05 Aug 2022 - 04:35 PM / by Vidhi Jhunjhunwala

Tags: Uttar Pradesh, dog, tax, pet owners, Prayagraj


Photo: Outlook India

Govt Imposes Windfall Tax On Domestic Crude Oil; Export Tax On Petrol, Diesel

Government imposed taxes on petrol and ATF exports of Rs 6 per litre and diesel exports of Rs 13 per litre on July 1. Government also imposed an additional tax of Rs 23,230 per tonne on locally produced crude oil to offset windfall benefits flowing to producers from high international oil prices. The export tax follows oil refiners, notably the private sector, who profit enormously from exporting fuel to international markets. 

Fri, 01 Jul 2022 - 01:30 PM / by Vidhi Jhunjhunwala

Tags: Exports, Central Government, tax, Petrol, Diesel

Courtesy: Free Press Journal


Photo: IndiaTV News

Indian Government Decreases Base Import Price Of Palm Oil While Raising Price Of Soy Oil

India has reduced the basic import costs of crude and refined palm oil while increasing the price of crude soy oil, according to a government statement issued late on May 31. Every two weeks, the government updates the basic import prices for edible oils, gold, and silver, which compute the amount of tax an importer must pay. India permitted duty-free imports of 2 million tonnes of soy oil last week. 

Wed, 01 Jun 2022 - 11:48 AM / by Vidhi Jhunjhunwala

Tags: India, Import, Government, Oil, tax

Courtesy: DNA India

Petrol Pump

Photo: Bloomberg

Centre Happy To Bring Fuel Under GST, If States Support: Hardeep Puri

Petroleum and Natural Gas Minister Hardeep Puri has said that the Central Government would be happy to bring petroleum and diesel under GST, but that the states are not willing. Puri insisted that the government is taking responsibility, and suggested that the states should also try, and cut down the value-added taxes on fuel. He also chalked up the oil price hike to the Russia-Ukraine conflict.

Sat, 30 Apr 2022 - 10:48 AM / by Varun Das

Tags: Fuel, Inflation, tax, GST, Centre

Courtesy: ANI

Shivraj Singh Chouhan

Photo: AAJ TAK

Madhya Pradesh Government Calls Off Tax On Wheat Exported From State

Madhya Pradesh Chief Minister Shivraj Singh Chouhan, on March 24, announced to cancel tax on wheat exported from the state. In addition, the exporters can now buy wheat from mandis or farmers directly, informed the CM. “Railway Board has assured us to provide racks for wheat export,” he further added. Currently, India is holding conversations with countries such as Egypt, China, Nigeria, and other countries to export wheat.

Thu, 24 Mar 2022 - 03:56 PM / by Shaloo Priya

Tags: politics, Madhya Pradesh, Cancel, tax, Wheat

Courtesy: ANI News

Giriraj Singh

Photo: Hindustan News Hub

'The Kashmir Files' Leaves Union Minister Giriraj Singh In Tears

After watching 'The Kashmir Files', union minister Giriraj Singh left the theatre with tears in his eyes. He appreciated the film and said that it has to be shown in villages across the country. Earlier, PM Modi expressed his support for the movie, in a BJP party meeting. The movie was released on March 11, and has been announced "tax-free" in six states. Karnataka, Tripura, Goa, Haryana UP and MP.

Wed, 16 Mar 2022 - 12:53 PM / by Shibu Immanuel S

Tags: Giriraj Singh, The Kashmir Files, tax, Entertainment, PM Modi

Courtesy: ANI

Liquor Bottles


Karnataka's Alcohol Industry Veterans Urge Govt To Revise Excise Duties On Liquor

Veterans of Karnataka's Alcohol Beverages Industry, in a press release, urged the government to revise the excise duties on liquor. The press release further claimed that the current excise duty rates make the cheap segments "cheaper" and premium segments more "expensive". "By imposing additional excise duty on spirits and beer, Karnataka government is putting additional burden on consumers," said Bishan Kumar, Editor-in-chief of Spiritz… read-more

Tue, 15 Feb 2022 - 06:18 PM / by Shibu Immanuel S

Tags: Karnataka, alcohol, tax, Excise Duty, Liquor

Courtesy: Brifly News

Elon Musk

Photo: Bloomberg

Elon Musk Says US Congress Shouldn't Accept Biden's EV Bill

Tesla CEO Elon Musk, on December 6 at the WSJ CEO Council Summit said the US Congress shouldn't accept the administration bill by Biden for Electric Vehicles (EVs). "It'd worsen the country's budget deficit," he added. Reportedly, the bill talks about boosting subsidies on EVs. ''I'm literally saying get rid of… read-more

Tue, 07 Dec 2021 - 04:26 PM / by Nehal Surana

Tags: Tesla CEO Elon Musk, Summit, USA, Electric Vehicles, tax

Courtesy: Reuters