Finance Minister Nirmala Sitharaman Friday raised cess on petrol and diesel by Re 1 per litre, while customs duty on gold was likewise expanded to 12.5 percent from existing 10 percent.
Showing the first Budget of the Modi government in its second term, Sitharaman said additional charges on people having taxable income of Rs 2 crore to Rs 5 crore; and Rs 5 crore and more have been raised.
She additionally said there will be no merchant discount rate (MDR) charges on digital transaction made at huge establishments having annual turnover of more than Rs 50 crore.
The finance minister additionally reported TDS (tax deducted at source) of 2 percent on money withdrawal of more than Rs 1 crore from a bank account.
She said faceless assessment of tax returns in electronic mode is being propelled for the current year in a phased way.
Reaching the stars sounds glamorous. Surviving each other on Earth is the harder mission. Raphael… Read More
Scratches, dents and small repairs can look minor, yet the decision to claim deserves careful… Read More
Life has a way of sending you a bill at the worst possible moment. Your… Read More
Behind one of the most talked-about live music stories of 2026 is a name many… Read More
Making fast, secure, and customer-focused financing more accessible for Croatian consumers. Zagreb, Croatia – Hitelio,… Read More
Universal has become the first Hollywood studio to exceed $4 billion at the global box… Read More
