[ad_1] The tweak in the definition of an SUV for attracting a cess over and above the GST rate will provide clarity on the taxation structure for utility vehicles, ensuring that the rate entry is more precise leaving little room for interpretation on the ambit of ground clearance, auto industry experts said on Tuesday. The … Read more
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[ad_1] On a bustling day at Liberty Chowk, one of Lahore’s prominent landmarks, Babar Azam found himself at the center of attention. As Pakistan captain maneuvered his Audi through the congested streets, he was stopped by excise officers who suspected a possible violation. The officers promptly approached the vehicle, and Azam calmly cooperated with them, … Read more
[ad_1] New Delhi: The Income Tax Department will soon notify rules specifying the class of investors and norm of valuation for implementation of the Budget provision of taxing foreign investment in unlisted companies. The modified valuation rules would provide for ascertaining the fair market value (FMV) of shares of unlisted companies to levy tax on non-resident … Read more
[ad_1] The Finance Bill 2023 has proposed a marginal relief to taxpayers under new tax regime. (File) New Delhi: In a relief to taxpayers opting for new tax regime, individuals earning marginally higher income than no-tax ceiling of Rs 7 lakh will pay tax only on the differential income after the government amended the Finance … Read more