In the last financial year, the export of smartphones from the country has increased to about two lakh crore rupees. This is an increase of about 54 percent on a year-on-year basis. Smartphone companies including Apple and Samsung have increased their manufacturing and exports in the country to take advantage of the Central Government’s production-linked … Read more
There has often been an increase in the prices of petrol diesel in the country. This morning, excise duty has been increased by the government. After increasing excise duty by two rupees per liter, petrol will be charged with excise duty at the rate of Rs 13 and diesel at Rs 10 per liter. According … Read more
Action is being taken against gaming firms violating rules with the introduction of the Indian Premier League (IPL). The Directorate General of Goods and Services Tax Intelligence (DGGI) has tightened several foreign online gaming firms related to the theft of GST. This action is being taken to deal with illegal gaming business. The Finance Ministry … Read more
Tesla, one of the large electric vehicle (EV) companies, is preparing to start business in India. The central government is working on a new policy to promote the manufacturing of EV in the country. In March last year, the government reduced custom duty to 15 percent on imports of EV with special conditions. A media … Read more
Change in Capital Gains Tax: Income tax department Giving details of ‘Frequently Asked Questions’ (FAQs) on the changes made in the capital gains tax on Wednesday, the Income Tax Department said that the idea behind this is to simplify the structure and make compliance easier. The Income Tax Department said in the FAQ that the … Read more