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tax collected at source News

Art to shoes: Taxman's eyes on luxe purchases

TNN / Apr 24, 2025, 07:35 (IST)

New 1% TCS on luxury goods: Full list, limits & FAQs - what the new rule means for you

TIMESOFINDIA.COM / Apr 24, 2025, 20:28 (IST)

Gross direct tax kitty swells 16%, crosses Rs 27L crore in FY25

TNN / Apr 26, 2025, 06:26 (IST)

India's gross direct tax collections surged 15.6% to exceed Rs 27 lakh crore in the last fiscal year, driven by increases in both income tax and corporation tax. Net direct tax collection aligned with targets, reaching just under Rs 22.3 lakh crore, up 13.6%. Increased tax revenue and expenditure savings suggest a potentially improved fiscal deficit compared to budget estimates.

Buying luxury goods? Handbags, wrist watches, footwear & other items above Rs 10 lakh to now attract 1% TCS

TIMESOFINDIA.COM / Apr 23, 2025, 20:09 (IST)

Luxury goods exceeding Rs 10 lakh, including handbags, watches, art, and yachts, will now incur a 1% tax collected at source (TCS), effective from April 22. This measure, introduced in the Finance Act 2024, aims to enhance the income tax department's ability to track high-value purchases by mandating PAN details.

Mangaluru City Corporation surpasses property tax collection target by Rs 23.2cr

TNN / Apr 24, 2025, 23:19 (IST)

Excess property tax paid will be adjusted in next FY, says Chandigarh administration

Apr 25, 2025, 00:26 (IST)

I-T dept probing exaggerated exemption claims in returns by salaried persons

Apr 23, 2025, 00:43 (IST)

34 lakh unaccounted cash seized from TN duo on train

Apr 28, 2025, 00:13 (IST)

Chandigarh MC to call up top 100 property taxpayers to boost collection

Apr 17, 2025, 00:37 (IST)

A’bad clubs told to reimburse service tax refund to members

Apr 19, 2025, 00:34 (IST)

A poet who epitomises SC’s order on ‘Urdu as tehzeeb’

Apr 28, 2025, 00:01 (IST)

UT MC starts sending taxpayers property tax bills for current fiscal with revised rates

Apr 13, 2025, 00:28 (IST)

SGST conducts search at popular eatery in Lucknow

TNN / Apr 12, 2025, 00:19 (IST)

Coimbatore corporation goes belly up- time to pull up its socks on fiscal discipline

Apr 08, 2025, 00:41 (IST)

Move To Implement User Charges For Waste Collection Raises Stink

Apr 08, 2025, 23:59 (IST)

Nashik municipal corporation initiates survey of water connections in city

Apr 11, 2025, 22:37 (IST)

Hamas fund crisis: Fighters go unpaid as cash network implodes under Israeli siege

TIMESOFINDIA.COM / Apr 17, 2025, 20:34 (IST)

Hamas faces a severe cash shortage in Gaza due to tightened Israeli restrictions and military actions, crippling its ability to pay fighters and employees. Israeli forces have targeted key financial operatives, disrupting fund distribution, while restrictions on aid and currency further strain Gaza's economy. This financial crisis undermines Hamas's recruitment efforts and control, exacerbating hardships for Gazan civilians already struggling with war and basic needs.