August 2021

On: August 25, 2021

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To achieve India’s energy security and climate change goals, the country needs to broaden its horizon to take a more holistic and systemic approach to the impact of products on CO2 emissions, Vikram said. Kirloskar, vice president of Toyota Kirloskar Motor (TKM). . Addressing the 61st annual SIAM convention onRead More →

Upcoming retrospective taxation withdrawal rules: FM Sitharaman

On: August 16, 2021

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Finance Minister Nirmala Sitharaman said on Monday that the rules for the recent tax amendment bill would soon be worked out. “We will have to wait until the rules are set under the recent tax reform bill,” she said when interacting with reporters here. The Tax Laws (Amendment) Bill 2021Read More →

Rajya Sabha flips bill to end retrospective taxation

On: August 9, 2021

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Following the return of the Tax Laws Bill (2021 Amendment) by Rajya Sabha, all tax inquiries to companies using 2012 Indirect Transfer of Indian Assets legislation before May 28, 2012 will be withdrawn. A bill to end all retrospective taxes imposed on the indirect transfer of Indian assets was dismissedRead More →

Rajya Sabha flips tax amendment bill to quash retrospective tax claim

On: August 9, 2021

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The Rajya Sabha on Monday returned to Lok Sabha the 2021 Tax Laws (Amendment) Bill in the Lok Sabha, which seeks to reverse the effect of the 2012 Finance Bill amendment to impose tax liability on the tax on gains resulting from the indirect transfer of Indian assets with retroactiveRead More →

Parliamentary proceedings | Parliament passes bills on court reforms, taxation

On: August 9, 2021

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Parliament on Monday approved three bills aimed at abolishing several appeals courts, ending the retrospective tax on indirect transfers of Indian assets and creating a new central university in Ladakh. All three bills were approved by the Rajya Sabha, having been passed by the Lok Sabha earlier in the currentRead More →

Tennessee tourism topped the nation in 2020 with $16.8 billion in visitor spending despite COVID-19

On: August 8, 2021

Nashville, TN – Tennessee tourism generated $16.8 billion in domestic and international travel spending in 2020, down 31.6% from the previous year according to recently released economic impact data from the US Travel Association and Tourism Economics. Tennessee travel has generated nearly 150,000 jobs and $1.4 billion in state andRead More →

New Hampshire Gov. Sununu: NH To Challenge MA Taxation In U.S. Supreme Court

On: August 8, 2021

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NH to challenge taxation of NH teleworkers in US Supreme Court Concord, NH (STL.News) Today, Governor Chris Sununu released the following statement after the Massachusetts Department of Revenue issued and approved a final rule that imposes Massachusetts income tax on residents of New Hampshire who work from home for businessesRead More →

Tennessee Tourism topped the nation in 2020 with $ 16.8 billion in visitor spending

On: August 6, 2021

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Tourism in Tennessee generated $ 16.8 billion in domestic and international travel spending in 2020, down 31.6% from the previous year, according to new data on the economic impact of the US Travel Association and Tourism Economics. Travel to Tennessee has generated nearly 150,000 jobs and $ 1.4 billion inRead More →

SJM, BJP leader in war of words over retrospective taxation bill | India News

On: August 6, 2021

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NEW DELHI: RSS affiliate national co-organizer Swadeshi Jagaran Manch (SJM) Ashwini Mahajan and BJP leader Vijay Chauthaiwale had heated discussions on Friday over the government’s bill to withdraw retroactive taxation after the the first made strong remarks against the legislation. “So are you demanding a total ban on FDI? “AskedRead More →

Tennessee Tourism Spending Down More Than 30% in 2020 | Tennessee

On: August 6, 2021

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(The Center Square) – Tourism spending in Tennessee fell in 2020 for the first time in 10 years, according to data from the US Travel Association and Tourism Economics. Tourism spending in Tennessee fell 31.6%, less than the 42% drop nationwide. Within that drop, there was a 78.7% drop inRead More →

Tennessee Tourism Spending Down More Than 30% in 2020 | State

On: August 6, 2021

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Article 25 provides no immunity from taxation on the basis of religion, salaries of nuns and priests working as teachers responsible for TDS: High Court of Kerala

On: August 5, 2021

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The High Court of Kerala recently ruled that salaries paid to nuns and priests of religious congregations, working as teachers in educational institutions, are subject to withholding tax while dismissing a batch of nearly 50 court cases. A divisional bench of Judge SV Bhatti and Judge Bechu Kurian Thomas confirmedRead More →

The government presents a bill to cancel the contentious retrospective taxation

On: August 5, 2021