Revenue from online ads signals promising start to digital taxation

Revenue from online ads signals promising start to digital taxation The receipts peg the size of online advertisements worth above Rs1 lakh a year at Rs10,000 crore a year The first full year of taxing digital services has thrown up promising results with the government collecting Rs600 crore as tax from online advertisements. Policymakers are […]

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I-T department targets cash hoarders, seizes Rs15 crore in 2 days

I-T department targets cash hoarders, seizes Rs15 crore in 2 days The tax department started its crackdown on cash hoarders amid a cash crunch reported in several states earlier this month Continuing its drive against cash hoarders, the income tax (I-T) department has seized nearly Rs15 crore in the last two days across Bengaluru, Hyderabad […]

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EPFO, ESIC, PFRDA Payroll Data an Eye Opener: Niti

EPFO, ESIC, PFRDA Payroll Data an Eye Opener: Niti Niti Aayog said the payroll data released by three organisations on Wednesday are an eye opener and put an end to all speculations and conjectures regarding job creation in the economy as it asked other organisations to release similar data.Employees’ Provident Fund Organisation (EPFO), Employees’ State […]

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Jaitley to chair GST Council on May 4, simplifying return form on agenda

Jaitley to chair GST Council on May 4, simplifying return form on agenda The 27th GST Council meet will also mull over the proposal of converting GSTN into a government companyFinance Minister Arun Jaitley-chaired GST Council will meet on May 4 to discuss a simpler return form and the amendments required in the indirect tax […]

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How can you mandate Aadhaar-mobile linking without our order? SC asks govt

How can you mandate Aadhaar-mobile linking without our order? SC asks govt The lawyer referred to control being enjoyed by UIDAI over entities, private, government which seek Aadhaar authentication for providing services The Supreme Court on Wednesday raised questions over the government’s decision ordering mandatory seeding of mobile numbers with Aadhaar and said its earlier […]

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3.11 million jobs added in 6 months, first EPFO payroll count shows

3.11 million jobs added in 6 months, first EPFO payroll count shows The payroll count is essentially the difference between the number of workers who joined and exited from the EPFO’s fold and as such is the net addition to jobs The Union government’s first-ever estimate of payroll count based on Employees’ Provident Fund Organisation […]

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Sebi could make ‘pre-trade’ allocation mandatory in Indian markets

Sebi could make ‘pre-trade’ allocation mandatory in Indian markets Pooled investors such as MFs or FPIs will have to state schemes under which they are acquiring shares The Securities and Exchange Board of India (Sebi) will soon issue a set of rules for trade allocations of institutional investors such as mutual funds (MFs) or foreign […]

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GST Council Meet on May 4, Simplifying Returns on Agenda

GST Council Meet on May 4, Simplifying Returns on Agenda Finance Minister Arun Jaitley-chaired GST Council will meet on May 4 to discuss a simpler return form and the amendments required in the indirect tax regime rules.The 27th meeting of the Council, comprising state finance ministers, will meet through video conferencing and will also mull […]

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E-commerce policy in six months; to tackle data privacy and tax issues

E-commerce policy in six months; to tackle data privacy and tax issues On the issue of a potential regulator for the sector, the Commerce Secretary said it would depend on whether the policy needed legislative requirements and new regulations or existing laws sufficed The government has announced that a framework for an e-commerce policy will […]

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