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CENTRE AND STATES TAX DISTRIBUTION
Govt scraps TDS on GIFT City aircraft lease rentalsAirlines are now exempt from deducting tax at source on lease rentals paid to eligible aircraft leasing companies in GIFT City. This move a...- India lifts emergency natural gas supply controls imposed after LNG disruptionsEmergency natural gas supply controls, implemented earlier this year due to Middle East conflict-induced LNG shipment disruptions, have bee...
- FMCG, healthcare in line for strong show in FY27: BrickworksIndia's consumer goods and healthcare sectors are poised for robust growth this fiscal year, driven by tax relief, increasing consumer spen...
- Centre scraps TDS on aircraft lease rentals at IFSCsA significant tax relief has been granted to airlines, with India now exempting tax deducted at source (TDS) on aircraft lease rentals paid...
- Middle class to remain India’s growth engine: FM SitharamanIndia's middle class is identified as the primary driver of the nation's robust economic expansion, fueling consumption and ensuring its st...
- Karnataka CEO orders house-to-house distribution of SIR forms after complaintsKarnataka CEO V Anbukkumar has directed Booth Level Officers (BLOs) to personally visit homes for distributing voter enumeration forms, add...
- India has Microsoft's market. Ireland has its profitsMicrosoft's inaugural public tax report reveals a stark disconnect between its global market presence and where profits are booked. While I...
- Karnataka: Cabinet decides to oppose Tata Power’s entry into distribution bizKarnataka government has instructed electricity supply companies to object to Tata Power's entry into the state's power distribution busine...
- Tamil Nadu CM Vijay opposes Viksit Bharat Guarantee scheme, citing Rs 5,000 crore financial burdenTamil Nadu Chief Minister C Joseph Vijay has voiced strong opposition to the Centre's Viksit Bharat Guarantee scheme, citing a potential Rs...
- LG Manoj Sinha to flag off first Amarnath Yatra batch from Jammu on ThursdayThe 57-day pilgrimage to the 3,880-metre high Amarnath cave shrine is scheduled to begin on July 3 from the traditional 48-km Nunwan-Pahalg...
- Govt to upgrade rice quality for public distributionIn a significant move to enhance food security, the government has decided to improve the quality of rice distributed to over 80 crore citi...
- Assam flood update: Over 46,000 affected, 3,809 hectares of crop land floodedAssam grapples with escalating floods as 46,000 people in six districts face inundation, with Dhemaji bearing the brunt. The Brahmaputra an...
- Your electricity provider may soon have competition in Gurugram. What it means for consumersGurugram's power supply monopoly may soon end, with a proposal before the Haryana Electricity Regulatory Commission to introduce a second d...
- VB-G RAM G Act to come into force from July 1; Centre says all ready for rolloutA new Viksit Bharat -- Guarantee for Rozgar and Ajeevika Mission (Gramin) Act, 2025, offering 125 days of wage employment, launches July 1....
- AI tools helping identify GST evasion, easing compliance for honest taxpayers: FinMinIndia's Goods and Services Tax (GST) system is leveraging advanced technologies like AI and data analytics to combat tax evasion and stream...
- A pail of water may unleash India's ₹20 lakh crore opportunityIndia faces a significant water crisis, with demand projected to double supply by 2030, creating a massive ₹20 lakh crore investment opport...
- Karnataka CM Shivakumar hints at closing door on Tata Power for distribution biz in stateIn a recent statement, Chief Minister DK Shivakumar of Karnataka revealed his opposition to Tata Power's push into the state's electricity ...
- As GST turns 10, focus shifts to AI-led compliance, faster refunds, simpler tax processesIndia's Goods and Services Tax, now in its tenth year, is evolving towards greater efficiency. The government is leveraging AI, data sharin...
- State borrowings must focus on asset creation, not just revenue expenditure: FM Nirmala SitharamanUnion Finance Minister Nirmala Sitharaman urged state governments to invest borrowed funds in long-term assets like schools and hospitals, ...
- Have a US 401(k)? Indians must report withdrawals and maturity details in ITR schedules FSI and FAIndian taxpayers with US 401(k) accounts must now report withdrawals and maturity details in ITR schedules FSI and FA. Failure to disclose ...
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