Salaried and pensioners get reduction in tax burden

Saturday, February 2nd, 2019
modi budget

Mangaluru : Main gain from Budget 2019 proposals for salaried and pensioners is reduction in tax burden due to the proposed increase in standard deduction from earlier Rs 40,000 to Rs 50,000. The Budget 2019 also proposes rebate for all those with taxable income upto Rs 5 lakh. Tax on deemed rent from second vacant […]

Mangaluru City Corporation to start Tax defaulters recovery campaign

Tuesday, January 29th, 2019

Mangaluru: Mangaluru City Corporation is in the midst of a revenue recovery drive. Led by chairman of taxation, finance and appeals standing committee Radhakrishna, the civic body officials, including commissioner Mohammad Nazeer, are going round the city to check for cases of default in paying property taxes, water bills and also instances where commercial establishments […]

No, major shocks on tax laws: KCCI President,

Monday, February 17th, 2014
KCCI President

Mangalore : This time’s Budget is an interim event ahead of the Full Fledged Budget to be tabled in June- July this year after elections, we were sure that no major shocks by way of changes in tax laws were on the cards. However, knowing fully well that India has immense potential with 15% of […]

Petrol to cost 92 paise less, diesel up by 37 paise

Sunday, June 17th, 2012
petrol price

New Delhi: Petrol price will come down by 92 paise while cost of diesel will go up by 37 paise from midnight Sunday in the capital, with the Delhi government issuing a notification adjusting the Value Added Tax (VAT) on the two fuels. Petrol will cost Rs 70.24 per litre from current Rs 71.16 per […]

Mangalore RT Office excels in tax collection target: RTO

Wednesday, May 30th, 2012
RTO Mangalore

Mangalore: Mangalore Press Club in association with Dakshina Kannada Working Journalists Union organized a ‘Meet the Press with RTO C Mallikarjun’ at Press Club on May 30, Wednesday. Speaking on the occasion, he said that Regional Transport Office had a target of tax collection of Rs 101 crore in the year 2011-12, but it made […]

Youth against Corruption protest ever Black money cats

Tuesday, October 18th, 2011
Youths Protest

Mangalore: There is a Mangalore division(Chapter) of what is known as Youth against Corruption(YAC). The members on Tuesday(October 18) conducted a show in front of DCO near SBI, as a part of a nationwide protest against black money deposited by unpatriotic and greedy Indians abroad in Swiss and other banks without taxation. There is a […]

Jewellers in city stages protest against VAT hike by govt

Friday, March 25th, 2011
Jewellers protest

Mangalore : More than 100 jewelers staged protest march from Jyothi Circle DC Office against the recent proposed hike in VAT on March 25, Friday. Protesting the recent proposed hike in VAT on jewellery from 1 per cent to 2 per cent by the Karnataka government, jewellers in the city closed their retail shops today. […]

Tennis star Mahesh Bhoopathy loses appeal in Supreme Court.

Tuesday, October 26th, 2010
Mahesh Bhopati

New Delhi: An amount of Rs. 28.50 lakhs purported to have been paid by international Tennis player of India and Davis cup star Mahesh Bhoopathy to his aged father C.G Krishna Bhoopathy for training him (Mahesh) in Tennis early in his life and later by giving tips on play, attracts tax, it is confirmed by […]

No Taxes on Pension Funds and Provident Funds.

Sunday, June 20th, 2010
Pension exemption Money

17.06.10 New Delhi : The Union Government has decided is exempt PF and Pensions (usually held by retired and old people) from taxation, while regular incomes will be taxed and such tax money would be deducted at source as per law. The present Income Tax Act which is 50 years old, will be replaced by […]