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Saturday, November 2, 2024
TopicTaxes

Topic: Taxes

India probes Netflix’s business practices amid allegations of visa violations, racial discrimination

Netflix's former India director of business and legal affairs, Nandini Mehta, said she is suing Netflix in the US for alleged wrongful termination, racial & gender discrimination.

NPS for Private Sector Employees: Retirement Planning Options

The NPS is an ideal retirement planning option for investors, as professional fund managers manage the scheme at very low charges. Moreover, it offers significant tax benefits under different sections of the Income Tax Act.

How did taxes work in medieval India? Chola, Mughal subjects struggled like today’s middle-class

In Tamil Nadu, we have an extraordinary archive of over 13,000 stone inscriptions on temple walls, recording the taxation, sale, and cultivation of land.

Part of Kenya parliament set ablaze as protesters try to storm it, several killed in police firing

By Aaron Ross and George Obulutsa NAIROBI (Reuters) -Police opened fire on demonstrators trying to storm Kenya's legislature on Tuesday, with at least five protesters killed, dozens wounded and

‘Centre gives only Rs 21 per Rs 100’ — Kerala minister questions ‘neglect’ of state in budget speech

Total tax revenue includes Kerala’s eligible tax share from tax collected by Centre, says finance minister. Compared to Kerala, UP gets Rs 46 out of Rs 100 from the Centre, he adds.

India approves new finance commission to suggest how federal taxes will be shared with states

Presently, India shares 42% of federal taxes with states. Next Finance Commission will submit its report by October 2025 and its recommendations will be implemented from fiscal yr 2026-27.

‘Squeezing tax’ & ‘Quiet India Movement’

The best cartoons of the day, chosen by the editors at ThePrint.

Have cars become expensive in India? Do this 1987 Maruti Omni vs 2023 Wagon-R math to know

Taxes on cars have gone up, the Indian rupee has depreciated considerably and cars have also added features.

Centre transfers Rs 1.18 lakh crore of taxes to states

The transfer is a part of monthly shifting of federal taxes to states, but was higher than the normal monthly devolution amount of 591.40 billion rupees, the govt said.

Govt’s method to evaluate rich states has gaps. Take tax devolution down to district level

Bengaluru, Hyderabad, and Gurugram add to the wealth of their states. It's crucial to look at district data because the 15th Finance Commission's calculation ignores intra-state inequality.

On Camera

Countdown to 2027 has begun. India must pick strategic alliance with US, balance with old friendships

India must dedicate its efforts to solidify Quad as a serious security alliance and signal to the world that it values its values-based relationship with US above transactional ties.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

All about Major Bob Khathing, whose daring expedition & diplomatic parleys secured Tawang for India

The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.