Ola electric

Ola Electric Faces Data Theft Allegations Amid IPO Preparations

Ola Electric, the electric vehicle arm of ride-hailing giant Ola, has been accused of data theft by CE Info Systems Ltd, the parent company of MapMyIndia. The allegations, which have been vehemently denied by Ola Electric, have sparked a legal battle that could have far-reaching implications for both companies. Jul 30, 2024
Indexation removal on real estate won't hike tax burden, has limited impact

Indexation removal on real estate will have limited impact: FM

Amid the growing chatter over the removal of indexation benefit in the long-term capital gain (LTCG) calculation, Finance Minister Nirmala Sitharaman has stressed that the move is not a "revenue-raising measure" and will not lead to a higher tax burden on real estate transactions. Jul 25, 2024
Finance Minister Nirmala Sitharaman

Comprehensive review of Income Tax Act announced in Union Budget

Finance Minister Nirmala Sitharaman announced a comprehensive review of the Income Tax Act, 1961 to simplify the tax regime. The tax regime for charities, TDS rate structure, and capital gains taxation are also being simplified. The government's efforts to simplify taxes are part of a broader effort to improve taxpayer services and reduce litigation. The government also announced measures to make life and health insurance plans more affordable. Jul 23, 2024
COAI urges Centre to reduce tax burden on telcos in Union Budget

Union Budget 2024-25: Telecom Sector association seeks Tax Relief for cellular operators

The Cellular Operators Association of India (COAI) has recently called upon the Indian government to alleviate the tax burden on telecom service providers (TSPs) in the forthcoming Union Budget 2024-25. The COAI believes that this move will significantly bolster the financial health of the telecom sector, which is currently wrestling with a multitude of challenges. Jul 10, 2024