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 […]
Recent Tax News
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
Bombay High Court rules in favour of BCCI in Tax Exemption Case
In a relief to the Board of Control for Cricket in India (BCCI), the Bombay High Court has quashed an
Jalandhar man duped of Rs 3 lakh by fake Income Tax officer
A resident of Urban Estate Phase-1, Iqbaljit Singh Bhatia, was allegedly duped of Rs 3 lakh by a man posing
Foreign companies’ tax burden hits record low in India, shows CMIE data
Foreign firms now pay less tax relative to their earnings than at any time in more than three decades. Foreign
