Karnataka gears up for political showdown over cuts in tax devolution
A massive political storm has erupted over the NDA government’s alleged attempt to cut the states’ share of tax revenue […]
Recent Tax News
Central tax revenue cut: Is this how performing States are rewarded, T.N. Finance Minister asks Union govt
Reacting to media reports that the Union government was seeking to cut the Central tax revenues that States received, Tamil
State governments should not tax minerals excessively: Union Mines Minister
State governments should avoid levying higher taxes on minerals since this makes end-products like steel and cement more expensive, Union
Centre proposes to cut states’ tax share from FY27: Report
The Prime Minister Narendra Modi-led Central government is seeking to cut the tax revenues that states receive, three sources with
UP govt tax revenue may rise 16% in FY26, indicating economic growth
The Uttar Pradesh government has estimated a 16 per cent jump in tax revenue in the next financial year (FY26),
Virtual digital assets to be brought within scope of undisclosed income under Income Tax Act
In an effort to further rein in misuse of crypto, government has proposed to include virtual digital asset (VDA) in the
Delhi HC scraps ₹2,000 crore tax notice against Maruti Suzuki, calls it time-barred
The Delhi High Court quashed an income tax reassessment notice against Maruti Suzuki India Ltd. (MSIL) for the Assessment Year
Informer Demands 20% Cut In Rs 23 Crore Tax Evasion Case, Moves Bombay High Court After 10 Years
An informer to the Income Tax Department moved the Bombay High Court demanding a reward for a tax evasion case
Tax rebate makes EVs cheaper in Gujarat
State finance minister Kanubhai Desai announced a rebate of 5% in vehicle tax for all fully battery-operated vehicles. Experts believe
Tax relief to act as catalyst for Indian quick service restaurant businesses: Goldman Sachs
The tax relief announced in the Union Budget will act as a catalyst for the quick service restaurant (QSR) businesses
