Panels and inverters qualify for 5% GST, but installation and other system components remain taxed at 18%, leaving typical turnkey rooftop projects with an effective rate of 8.9%. India’s goods and services tax on solar panels and qualifying inverters stands…
A tax cut from 22 September lowers GST on cement from 28% to 18%, while several other building materials move to 5%, potentially reducing construction costs by up to 5%. India’s overhaul of goods and services tax has given the…
A one-year scheme will offset interest on up to 1 million yuan of newly issued commercial home loans, but excludes existing mortgages and many higher-priced urban properties. China’s latest housing loan interest subsidy policy has begun to filter through the…
Indian tax professionals say the Income Tax Department focuses on mismatches between bank credits and declared income, rather than applying a blanket threshold to UPI transfers. Receiving money through UPI does not, by itself, put a taxpayer on the tax…
Completing an e-nomination, updating UAN and KYC details, and checking bank records can help salaried workers protect access to provident fund, pension and insurance benefits. For millions of salaried workers in India, the Employees’ Provident Fund Organisation is more than…
The RBI has restricted withdrawals and barred new lending at Puducherry Co-operative Urban Bank for six months, citing worsening financial conditions and unresolved supervisory concerns. The Reserve Bank of India has imposed sweeping restrictions on Puducherry Co-operative Urban Bank, limiting…
Foreign institutional investors and the Bank for International Settlements must now file Form 173A, detailing their government securities holdings and related income, to claim exemptions on interest and capital gains. The Central Board of Direct Taxes has made a new…
A 2024 amendment offers a second look at certain input tax credit claims from 2017-18 to 2020-21 that failed solely because they were filed late, while leaving fraud and other eligibility disputes untouched. According to an explainer on The Tax…
Landlords can still claim municipal taxes paid, the 30% standard deduction and loan interest on let-out properties under both regimes, but broader loss set-off rules may alter the overall calculation. For Indian property owners who earn monthly rent, the tax…
India’s markets regulator has proposed shifting SME listing thresholds to market capitalisation, lowering the minimum application size and tightening profitability tests as higher borrowing costs increase the appeal of equity funding. India’s capital markets regulator has proposed a sweeping rewrite…
A Delhi hotel cook was wrongly linked to alleged business sales worth ₹24.62 crore after his PAN appeared in tax records, prompting the High Court to reject a near-₹4 crore demand. A Delhi court ruling has drawn fresh attention to…
A wider legal definition promises lighter compliance for growing businesses, but critics warn that firms with turnover of up to ₹100 crore could escape scrutiny designed to protect lenders, suppliers and investors. India’s Ministry of Corporate Affairs has sharply widened…
