Himachal imposes 60 paise/litre widow, orphan cess on petrol, dieselThe Himachal Pradesh government has imposed a new cess on fuel. This levy of sixty paise per litre applies to petrol and diesel. The Widow ...
12 Aug, 2026, 09.04 AM IST
States should mine more, not tax more: The fiscal lesson from OdishaNew legislation will remove state powers to levy taxes on minerals. This change is expected to encourage investment and increase mineral pr...
12 Aug, 2026, 12.11 AM IST
Paid Rs 6.5 crore and bought a property with stamp duty value of Rs 8.85 crore, got income tax notice for unexplained investment; He fought back won relief in ITATBuyer purchased Rs 8.85 crore worth property by paying Rs 6.5 crore; Tax dept sent notice for unexplained property investment u/s 69B; Know...
11 Aug, 2026, 03.35 PM IST
- Mines Act update proposes to curb states' tax powers
The Centre has proposed limiting states’ powers to impose taxes, cess and other levies on mineral rights and mineral-bearing land, seeking ...
11 Aug, 2026, 01.10 AM IST
Sold land for Rs 7.24 crore, paid no tax, received income tax notice; Know how Google Earth photos and revenue records helped taxpayer to win this case in ITAT AhmedabadFamily member sold his 1/3rd share of agricultural land for Rs 7.24 crore, pays no tax, tax dept sent notice, he wins case in ITAT Ahmedaba...
10 Aug, 2026, 05.42 PM IST
Sold property for Rs 94 lakh despite a stamp value of Rs 1.93 crore, received an income tax notice under Section 50C; ITAT Chennai grants relief for this reasonChennai man sold property for Rs 94 lakh despite Rs 1.93 crore stamp duty value; so tax dept sent notice u/s Section 50C to tax the differe...
10 Aug, 2026, 05.24 PM IST
Centre proposes to curb powers of states to tax mineralsThe central government is poised to restrict state authority concerning taxation on mining activities. This initiative aims to enhance the ...
10 Aug, 2026, 03.28 PM IST
Govt introduces bill in LS to restrict state taxes on mineral rightsThe Centre has launched a new bill to limit state taxation on mineral rights, aiming to centralize authority over selected mineral-rich are...
10 Aug, 2026, 02.25 PM IST
From Uniqlo to Zara, clothing brands try to win over Gen Z with a needle and threadApparel companies are offering repair services and sewing workshops to attract young consumers. These initiatives aim to reduce textile was...
10 Aug, 2026, 01.02 PM IST
Rajya Sabha to take up Taxation, Bankers’ Books bills on MondayThe Rajya Sabha will consider two important bills on Monday. The Taxation and Other Laws (Amendment) Bill proposes significant tax changes....
09 Aug, 2026, 09.14 AM IST
SC refuses to stay Bombay HC order quashing Rs 3,300 crore one-time spectrum charge on telcosThe Supreme Court declined to halt a Bombay High Court ruling on spectrum charges. This decision impacts Bharti Airtel and Vodafone Idea re...
08 Aug, 2026, 12.57 AM IST
Levi Strauss reveals cybersecurity breach amid wider wave of attacksThe apparel maker joins a growing list of major firms worldwide that are facing a rise in cyberattacks and ransomware incidents that stea...
07 Aug, 2026, 08.40 PM IST
Lok Sabha passes Taxation and Other Laws (Amendment) Bill to boost foreign investment, electronics manufacturingThe Lok Sabha passed a bill to attract foreign investment and promote domestic manufacturing. This legislation aims to provide greater tax ...
06 Aug, 2026, 02.25 PM IST
Global Market: Hong Kong insurers slump after report on China taxing offshore policy incomeHong Kong-listed insurance stocks slumped after reports that Chinese tax authorities have begun levying a 20% personal income tax on income...
06 Aug, 2026, 09.52 AM IST
Govt tables tax amendment Bill with FII relief, electronics manufacturing pushThe Taxation and Other Laws (Amendment) Bill, 2026, was tabled, proposing significant changes to tax laws. Banks and payment providers will...
04 Aug, 2026, 02.56 PM IST
India raises windfall tax on petrol exports to Rs 3.5/litre, diesel to Rs 24/litre from August 3The government has decided to raise the windfall tax on fuel exports, now charging Rs 3.5 per litre for petrol and a steep Rs 24 per litre ...
03 Aug, 2026, 08.12 PM IST
New Tax Bill sweetens deal for electronics makers, global investorsThe Taxation and Other Laws Amendment Bill, 2026 proposes extending electronics tax incentives until 2041, easing rules for foreign investo...
03 Aug, 2026, 02.40 PM IST