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CENTRAL TAX AND CENTRAL EXCISE
Senior citizen mistakenly paid tax on tax-free VRS compensation; wins complete relief from ITAT Chennai on this groundA senior citizen wrongly paid tax on Rs 24 lakh retrenchment compensation received under a BSNL Voluntary Retirement Scheme. Despite a sign...- Eighth Pay Panel may stay cautious on fitment factorWhile the Commission hasn't yet finalised its recommendations, early discussions suggest that the fitment factor could remain close to the ...
- Haryana unveils tax breaks to accelerate shift to cleaner commercial vehiclesHaryana is offering a full waiver on motor vehicle tax for new environment-friendly trucks and buses in NCR districts. This initiative targ...
- Rupee cushioned by central bank hand even as dollar strength dents Asia FXThe Indian rupee defied regional weakness on Wednesday, supported by likely Reserve Bank of India intervention against a strengthening doll...
- DMRC begins work on Central Vista metro corridor at Central Secretariat stationConstruction has begun on the Central Secretariat metro station, a key part of the new Central Vista corridor. This nearly 10-km undergroun...
- Ladakh observes complete shutdown, accuses Centre of 'dilly dallying' over pending demandsLadakh observed a complete shutdown Tuesday as residents protested alleged broken promises by the Union home ministry. Hundreds gathered in...
- Banking liquidity slips into deficit on tax outflowsBanking system liquidity slipped into deficit for the first time in three months, falling to ₹19,971 crore on Monday from a surplus of ₹30,...
- Filing ITR? Don’t ignore the ‘nature of employment’ field; it can affect NPS & retirement tax benefitsThe "Nature of Employment" field in the ITR is more than a routine disclosure. An incorrect selection can affect certain tax benefits, incl...
- Taxman to track slipping sectors & top tax payersThe communication, dated June 16, a copy of which was seen by ET, also mandated each zone to submit a report to the Directorate of Tax Rese...
- Central Drugs Laboratories find 46 drug samples not of standard quality for MayHealth officials revealed that in May 2026, 46 drug samples tested by Central Drugs Laboratories and 113 by State Drugs Testing Laboratorie...
- Petrol, diesel margins back to above pre-conflict levels: ReportState-run oil companies are poised for improved profitability as falling crude prices boost fuel marketing margins. While recent government...
- India monsoon revives after two-week stall, heads into central beltGood news for India as the monsoon has finally gained momentum after a two-week lull, poised to advance into central regions this week. Thi...
- Three killed and five injured in school shooting in central PhilippinesTragedy struck the Philippines as a school shooting in Tacloban City claimed three lives and left five injured. Authorities have apprehende...
- 60 percent surveyed professionals say AI now central to HR operations: ReportArtificial intelligence is now a top priority for 60% of HR professionals, revolutionizing recruitment, onboarding, and daily operations. T...
- Ensure expeditious finalisation of cadre review: Central Secretariat Service officers to PMOCentral Secretariat Service (CSS) officers are urging the Prime Minister's Office to expedite the finalisation of their fourth cadre review...
- Central university in Chhattisgarh to replace 'India' with 'Bharat' in degrees, marksheetsGuru Ghasidas Central University in Bilaspur, Chhattisgarh, will replace 'India' with 'Bharat' on marksheets, degrees, and official communi...
- Assam and Arunachal Pradesh strengthen cooperation in excise administrationArunachal Pradesh and Assam held a ministerial meeting in Itanagar. Discussions focused on excise administration and enhancing inter-state ...
- Tamil Nadu's excise revenue lags behind Karnataka, Maharashtra: GovtTamil Nadu's excise duty collections significantly lag behind Karnataka and Maharashtra, showing the lowest absolute collection and slowest...
- India hikes diesel, ATF export levies from June 16India has increased the windfall tax on diesel and aviation fuel exports. The special additional excise duty on diesel exports will now be ...
- India waives excise duty on petrol with higher ethanolIndia's government is giving consumers a break by waiving excise duty on petrol. This move is tied to the increased use of ethanol blended ...
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