Sixteenth Finance Commission likely to keep states’ tax share unchanged amid Centre’s defence, capex needs
States that had sought a higher share of the Union government’s divisible pool of tax revenue are likely to be […]
Recent Tax News
Karnataka Demands Higher Central Tax Share
Karnataka Chief Minister Siddaramaiah met with 16th Finance Commission Chairman Arvind Panagariya on Friday, demanding a larger allocation for the
States seek higher share in tax kitty, citing population & GDP contribution
Most states have requested the 16th Finance Commission for an increase in their respective share in the tax devolution kitty,
Garment Dealers Association launches compliance drive to curb tax evasion
Guwahati: The Readymade Garment Dealers Association of Assam (RGDAA) has initiated a major compliance drive across the garment trade sector.
Adani Group firms’ tax contributions rise 29% to Rs 74,945 cr in FY25
The Adani Group paid ₹74,945 crore as tax and related contributions to the exchequer in FY25, up almost 29 per
Urban slowdown weighs on economy; income tax relief, rate cuts to aid revival: Report
Weakening wage and job growth cycle is impacting consumption sentiment, and tax cuts and rate cuts will help accelerate momentum,
16th Finance Commission arrives in state, Uttar Pradesh to pitch for larger share of tax pie Bottom of Form
As the 16th Finance Commission begins its visit to the state from Ayodhya on Tuesday, the Uttar Pradesh government’s team
Karnataka: Minister for Animal Husbandry and Sericulture urges Centre to support farmers using tax money from sale of tobacco
Minister for Animal Husbandry and Sericulture K. Venkatesh has urged the Centre to spend a portion of the taxes collected
India must address tax challenges faced by foreign carriers: IATA DG
India must address recent tax-related challenges faced by foreign airlines and provide greater clarity on how its tax laws are
Centre’s FY25 net tax collections miss revised estimate by over Rs 58,000 crore
The central government missed its revised estimate for net tax collections, which includes direct and indirect taxes, for 2024-25 by
