Searched for
ADDITIONAL TAX
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...- Firm It Up, Don't Junk It: India needs a more predictable capital gains tax regime to deepen equity marketsIndia's capital markets have seen significant changes, with millions of households participating in equity investing. The current tax frame...
- 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...
- Son gets income tax notice for Rs 33.23 lakh in property investment and cash; he gets relief in ITAT Jaipur for this reasonMother sold 642 grams gold jewellery, gifts the amount to son via notarised gift deed, son buys property and deposits cash in bank but gets...
- Cancelled flight ticket? GSTAT says airlines can refund GST to passengers and claim it back from the governmentTaxpayer wins GST refund denial case after depositing GST on airline ticket with the govt and later refunding the GST back to passengers du...
- Fiscal deficit likely to exceed FY27 target by up to Rs 1.2 lakh croreIndia's fiscal deficit for the year 2026-27 is projected to exceed the budgeted target by a significant amount. The anticipated deficit may...
- Rap the app & knock on Nasdaq's doorIndian retail investors can now step into the US stock market using various innovative online platforms. Investment apps like Groww and Zer...
- LTCG tax relief for these mutual fund investors proposed by SEBI; know how switching funds for portfolio rebalancing can save taxThe Securities and Exchange Board of India (SEBI) has put forth a proposal to exempt long-term capital gains tax for investors who switch m...
- FPIs pour Rs 21,715 crore into Indian stocks in 10 days; is record sell-off finally reversing?Foreign portfolio investors infused $2.29 billion into Indian equities over 10 days, signalling improving sentiment. Strong corporate earni...
- Government has fiscal headroom to absorb Rs 50,000 crore revenue loss from LTCG tax abolition: SBI ResearchSBI Research indicates that eliminating the long-term capital gains tax may lead to a modest revenue decline, estimated to be between Rs 40...
- LTCG abolition may cost just Rs 40,000–50,000 crore, SBI estimates showSBI Research estimates that abolishing long-term capital gains (LTCG) tax would cost the government just Rs 40,000–50,000 crore in FY27, fa...
- ₹16 lakh jewellery, ₹3.88 lakh cash treated as unexplained income; here’s why the taxpayer wins at ITAT HyderabadIn a significant ruling, the Hyderabad ITAT absolves Mr Chintakunta of tax additions regarding unexplained cash and jewellery found during ...
- How are equity investments taxed in India? A guide to capital gains taxIn a bid to invigorate domestic and foreign mutual fund investments, India's Securities and Exchange Board has put forth recommendations fo...
- Rs 60 lakh cash deposit in widow's bank account triggers income tax notice for unexplained credit; she fights back and wins in ITAT PuneMs Parve’s counsel argued in ITAT Pune that she is a housewife and never filed her income tax return (ITR) as she had no independent source...
- Sebi backs removal of LTCG tax for foreign investors: ReportTo boost foreign investment interest, India's Securities and Exchange Board has put forth a proposal to scrap long-term capital gains tax f...
- India likely to meet FY27 fiscal deficit target despite spending pressures: Goldman SachsThe Centre appears on track to meet the fiscal deficit target set for FY27. Strong corporate tax collections are offsetting some revenue pr...
- Centre releases states Rs 1.09 lakh cr festive boostUttar Pradesh received the largest allocation of ₹19,208 crore, followed by Bihar at ₹10,845 crore. Madhya Pradesh was allocated ₹8,010 cro...
- IDBI Bank sale row: Finance Ministry defends valuation process, says reserve price was not changedThe finance ministry has defended the valuation process used in the IDBI Bank stake sale, saying the methodology and bidding procedure were...
- India is addressing Wall Street’s favourite ‘elephant’ in the room to its own advantageThe Indian government has identified 762 potential applications of artificial intelligence across 62 ministries and departments, spanning f...
- ₹20.45 lakh cash deposits, ₹12.64 lakh capital gains from property sale questioned by Income Tax Department; here’s why woman wins relief at ITAT HyderabadA Telangana woman successfully challenged an income-tax dispute involving substantial cash deposits and a property sale. The ITAT Hyderabad...
Load More
