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SUPREME COURT RULING ON SALES TAX SURCHARGE
SC issues notice to all office bearers of Keralam unit of Cong over post targeting CJI Surya KantIn a striking move, the Supreme Court has sent a contempt notice to Kerala's Congress party over a slanderous post aimed at the Chief Justi...- Gold taxation explained: How much tax you pay on selling physical gold, ETFs, fund of funds and SGBsTax on capital gains from gold investment: Investing in gold can yield gains, but investors must be informed about the associated tax liabi...
- 'Surcharge an enhancement of rate of sales tax': SC upholds states' power to levy additional sales taxThe Supreme Court reaffirmed a 1974 ruling regarding states' power to levy additional sales tax. This ruling clarified that such levies are...
- UGC to relook controversial caste discrimination, ragging rules: Govt tells SCThe Centre has told the Supreme Court that it is considering appointing a committee to revisit the UGC's 2026 regulations on caste discrimi...
- SC: Detained beyond 24 hours without magistrate? Release must be immediateThe Supreme Court has ruled that individuals detained for over 24 hours must be released immediately. This ruling specifies that the 24-hou...
- SC upholds states’ power to levy additional sales tax, surcharge under pre-GST regimeThe Supreme Court has upheld the validity of states imposing additional taxes, surcharges and cesses calculated as a percentage of sales or...
- SC says 1974 ruling on states' power to levy additional sales tax continues to holdThe Supreme Court held that a previous ruling from 1974 regarding additional sales tax remains applicable today. It determined that the leg...
- With US midterms underway, courts rebuff Trump's pressure on state election officialsFederal judges issued rulings that restricted the Trump administration's efforts aimed at influencing state election officials. These effor...
- $700 million tax bill vs $4.15 million image: The court case that saved Michael Jackson’s heirsA US Tax Court judge has determined that Michael Jackson's name, image, and likeness are worth $4.15 million. This valuation is considerabl...
- A used Honda Civic: Why did Michael Jackson's estate claim his image was worth $2,105 in its fight with the IRS?The issue was all about how much Jackson's name, image, and likeness rights were worth when he died. Jackson's estate initially valued his ...
- Trump's Supreme Court winning streak in election cases screeches to a haltThe US Supreme Court rejected Donald Trump's bid to stop California from counting more than 20,000 mail-in ballots ahead of Tuesday's midte...
- Physical gold vs gold ETF: Which can be more tax-efficient for investors?During Diwali, many choose to invest in gold due to its cultural significance and potential financial returns. It's crucial to grasp the ta...
- SC flags sale of firecrackers despite restrictions, asks Centre to ensure complianceThe Supreme Court of India has called for strict enforcement of firecracker restrictions in Delhi-NCR. This decision follows a report revea...
- US Supreme Court snubs Trump admin in California ballots caseThe US Supreme Court rejected an emergency request by the Trump administration regarding mail-in ballots in California. This request aimed ...
- Family members can reject sale of joint HUF land and treat it as void if Karta sells it solely for personal benefit; Key legal rules you must knowIn a Supreme Court ruling from earlier this year, the sale of joint ancestral property was deemed invalid if it only benefited one family m...
- Govt employees facing disciplinary action? Know these 7 important rights before accepting chargesEmployees in the government sector who find themselves undergoing disciplinary reviews must be informed about their rights before replying ...
- Once father’s property is proved as joint property, married Hindu daughters can claim a right in it and demand partition, rules Karnataka High CourtBrothers resisted married sisters claim over late father’s properties; Karnataka HC rules in married sisters’ favour as properties are join...
- SC hears Reliance's appeals in $1.73 billion ONGC gas disputeReliance Industries is currently appealing a decision made by the Delhi High Court regarding an arbitration award. The High Court had ruled...
- Tax matters, as does capital: Is it time for India to reconsider its LTCG tax policy on listed equities amid rising global competition?Debate on long-term capital gains (LTCG) tax and securities transaction tax (STT) has gained momentum, with the government recognizing its ...
- In 1999, a Texas family lost its mineral rights in a tax foreclosure; 20 years later, heirs challenged the sale, what did the state Supreme Court say?In April 2024, the Supreme Court of Texas considered a dispute. It involved mineral interests that were sold at a tax auction in 1999. It w...
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