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Friday, Jun 27, 2025
However, KN Balagopal did not specify the amount of tax paid by Exalogic.
The Corporation had planned to hike the tax for residential properties from Rs 15 to Rs 18 per square metre.
Minister proposed the 'pollution tax' citing that the rising level of pollution is a health hazard for citizens.
All individuals earning an annual income of more than Rs 2.5 lakh have to file IT returns.
The Tax Deduction at Source (TDS) will be applicable to the lottery prize winners who win more than Rs 10,000 altogether through the lottery at different times
The clarification was made in the course of considering the case of Mumbai Income Tax Commissioner versus Anna Saheb Patil Mathadi Kamgar Sahakari Patpedhi Limited.
The Government has already hiked the tax rates from April 1
Profit earned from selling any capital asset, including gold, attracts capital gains tax.
There is no additional tax for a verandah or shed that has not been partitioned with a wall or grill.
Revision in property tax rate comes into force after 12 years.
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