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ABOLITION OF LEVIES
Budget 2026: Oil industry seeks abolition or review of OID cess on pre-NELP and nomination blocksAs the Union Budget 2026 approaches, the oil and gas sector is calling on the government to reconsider the OID cess imposed on domestically...- Govt proposes to abolish Equalisation Levy on online advertisementsThe government has proposed abolishing the Equalisation Levy on online advertisements and making amendments to the Finance Bill 2025. This ...
- Union Budget: Telcos bat for cut in levies, want LTGs to contribute to Digital Bharat Nidhi FundThe telecom industry seeks abolition of levies and extending the carry forward of business losses to 16 years. It also suggests large traff...
- With 2% levy abolished, overseas digital companies can breathe easyDesigned to provide a level playing field for Indian ecommerce companies liable to local tax laws, the levy had grown to be a major point o...
- Budget 2024: What is Dividend Distribution Tax? Know How it will abolition impact the Indian economy?In 2020-21, India's government abolished the Dividend Distribution Tax (DDT), shifting the tax burden on dividends from companies to shareh...
- GJEPC suggests introduction of repair policy, cut in import dutyColin Shah, Chairman, GJEPC expressed confidence that with the support of the government, the sector will achieve its target of USD 70 bill...
- 3.4 lakh evade cap gains tax on equity, MF sales: GovernmentOver 3.4 lakh investors dealing in listed equity shares and mutual funds are suspected to have evaded or not reported long-term capital gai...
- Allow LTCG relief on stocks held for 3 years, brokers urge FMStakeholders request finance ministry to withdraw dividend distribution tax
- FIEO seeks fiscal support in Budget for boosting exportsIt asked the government to create of an 'Export Development Fund' for aggressive marketing particularly for MSMEs and VAT exemption for mer...
- Ensure public finances are healthy before abolishing taxes: Lord Meghnad DesaiIndia should make sure that its public finances are healthy, economist and UK's Labour Party peer Lord Meghnad Desai said today.
- Rabobank optimistic on sugar outlook after partial decontrolRemoval of levy sugar obligation and abolition of the quarterly release mechanism are expected to provide immediate relief to the sector.
- Japan seeks relook on entry tax impacting MCC from Bengal govtJapan today requested the West Bengal government to have a relook at the entry tax levied by the state government last April, which is impa...
- Government to decide on sugar decontrol before Budget: K V ThomasA Cabinet note on sugar decontrol will be moved shortly after discussion with senior ministers, particularly Agriculture and Defence, he ad...
- Sugar industry seeks decontrol for growth; rules out cartelisationSeeking immediate decontrol, sugar industry bodies ISMA and NFCSF today said giving freedom to mills to sell sugar will help achieve higher...
- Fuel pump owners demand removal of octroi on diesel, petrolThe abolition of octroi on fuel would have led to petrol and diesel getting cheaper by 75 paise and 85 paise per litre, respectively, withi...
- Indian telcos want to retain foreign component of ADCOnce the ADC regime ends, Indian telcos do not have to pay this 80 paisa termination charge or levy to BSNL.Most expensive cellphone I Mobi...
- Halt Rs 100 cr investment on octroi:Merchant assoBombay Sugar Merchant's Association asked Maharashtra CM to put a halt on BMC's proposed Rs 100-crore investment on upgradation of octroi c...
- Parliamentary panel review to delay phaseout of CSTThe central sales tax (CST) phase-out plan has hit a roadblock with the proposed Bill being referred to the Parliamentary standing committe...
- Cabinet likely to do away with archaic textile cessThe textile ministry has prepared a Cabinet note to abolish the textile committee cess. The proposal to abolish the cess is likely to be ta...
- ‘Out with octroi, please’The Maharashtra government’s study group on alternative sources of revenue for municipal corporations has recommended abolition of octroi.
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