Taxes

"Taxation forms the core of governance. The last ten years of the BJP/NDA government is a case of 'taxation gone berserk'," said Congress in its manifesto for the upcoming Lok Sabha Elections 2024.

Shops in Bengaluru's prime areas like Chickpet are illicitly collecting 5-18% extra from customers without issuing proper GST invoices, defrauding both consumers and the government. Despite raids and warnings by Commissioner C. Shikha, this practice persists. Consumers can verify GST bills via the GST portal and report discrepancies to the Karnataka Commercial Taxes Department. Strict actions will be taken against offenders.

As the financial year is nearing end, the Union Finance Ministry, in a notification, has directed all the Income Tax offices across the country to remain open on the last Sunday of this month. 

The Kerala government is considering reducing taxes on mild liquor, responding to demands from manufacturers in the state.

BBMP officials seized Rock Line Mall near Jalahalli Cross over unpaid taxes of 11 crore rupees owned by renowned Kannada producer Rockline Venkatesh. Despite repeated notices, the mall failed to settle its tax obligations, leading to its closure by revenue officers accompanied by police and marshals, led by Zonal Commissioner Preeti Gehlot.

Interim Budget 2024-25 turned out to be a rare opportunity for the BJP to highlight its 10-year achievements to the people. BJP fully used this opportunity to capture and showcase the picture of how great the achievements of this government are, says S Gurumurthy

The CM criticizes the Centre for discontinuing compensation to states post-GST implementation. Karnataka, a significant tax contributor, receives only Rs 12-13 out of every Rs 100 in taxes, contributing Rs 4,30,000 crore annually.

BBMP in Bengaluru offers a 50% discount on property tax arrears for those who have paid half and appealed. A drive targets businesses with overdue taxes, sparking protests. Approximately 30% of property owners evade taxes. BBMP advises paying 50% and appealing for potential government refunds. They're also preparing a report on improving Bengaluru's brand image.

Corporate tax, also known as corporation tax or company tax, is a direct tax imposed on the income or capital of corporations and similar legal entities. Know the benefits of corporate tax in Budget 2024.

Renting offers flexibility, lower upfront costs, and maintenance included. It provides access to amenities, avoids market fluctuations, exempts renters from property taxes, and offers better location affordability. Let's look at why renting is better than buying.
 

Farmers in the Paris region are planning a "siege" on the French capital, demanding better pay, tax reforms, and regulatory changes. This is despite Prime Minister Gabriel Attal announcing measures to address farmers' concerns

The investigations revealed that the company had evaded taxes amounting to Rs 126.54 crore by concealing a turnover of Rs 703 crore. The directors were subsequently summoned as part of the ongoing inquiry.

As per a Wall Street Journal report, Apple, along with its suppliers, intends to manufacture over 50 million iPhones annually in India over the next two to three years, solidifying the country's role as a pivotal production center for the world's most valuable company.

Infosys co-founder NR Narayana Murthy's recent statement advocating against free services and subsidies has sparked a range of reactions from netizens. Murthy suggested that individuals benefiting from government services and subsidies should contribute back to society for its betterment.

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