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STATE POWER TO LEVY SURCHARGE
Italy says open to change planned 'exit tax' on the rich, after criticismItaly's Deputy Economy Minister Maurizio Leo indicated that there may be changes to the proposed exit tax. This tax imposes a 26% levy on w...05 Nov, 2026, 05.55 PM IST- West Bengal investment policy puts jobs first, offers up to 120% assistance to industriesWest Bengal has launched a new investment promotion policy aimed at encouraging industrial growth and job creation. The policy includes sub...05 Nov, 2026, 05.34 PM IST
- UPI MDR proposal: Street vendors may pass on charges to customers or switch to cash, ISB survey findsPayments by street vendors exceeding Rs 2,000 may incur charges under the proposed merchant discount rate framework. Many vendors may switc...05 Nov, 2026, 04.23 PM IST
- 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...05 Nov, 2026, 01.00 AM IST
- Over half of street vendors may cut UPI acceptance if 0.4% MDR is introduced: ISB studyMore than 67% of street vendors in India currently accept UPI payments for transactions. A proposed 0.4% merchant discount rate could lead ...04 Nov, 2026, 11.12 PM IST
- US allies see a chastened Trump but they’re wary of the backlashUS election results are viewed as a potential limit on Donald Trump's power regarding foreign policies. Foreign officials remain cautious, ...04 Nov, 2026, 05.16 PM IST
- 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...04 Nov, 2026, 01.03 PM IST
- Gig workers may get social security benefits through 2% transaction levy on businessesThe government is considering implementing a 2% transaction-based levy on aggregators to support social security for gig workers. This levy...04 Nov, 2026, 09.54 AM IST
- ETtech Explainer: Food delivery, ride-hailing firms differ on gig worker welfare levy calculationFood delivery and quick-commerce companies such as Zomato and Swiggy are seeking a levy based on the value of transactions facilitated thro...04 Nov, 2026, 09.02 AM IST
- 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...03 Nov, 2026, 04.34 PM IST
- 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...02 Nov, 2026, 02.15 PM IST
- Government scraps export duty on petrol, raises levies on diesel and ATFThe Indian government has abolished the special additional excise duty on petrol exports as of now. Diesel export levies have been raised t...31 Oct, 2026, 02.37 PM IST
- Tamil Nadu liquor prices to rise by Rs 10 from November 1 as TASMAC imposes new cessStarting Sunday, TASMAC will introduce a Rs 10 environmental cess on all alcoholic beverage purchases. This change aims to fund social welf...31 Oct, 2026, 01.26 PM IST
- Abolish LTCG, rationalise STCG, STT rates on equities: PHDCCI to Finance MinistryPHDCCI has recommended abolishing Long Term Capital Gains tax and modifying short-term capital gains taxes. The chamber suggests increasing...29 Oct, 2026, 03.17 PM IST
- Karnataka HC grants relief to JioStar, Zee over 2% cess as broadcasters challenge lawThe Karnataka High Court has issued a ruling preventing the state government from taking action against broadcasters. This relates to a 2% ...28 Oct, 2026, 04.48 PM IST
- Govt seeks investor and expert views on LTCG and STT as it reviews capital market levies amid FPI exodusThe government has initiated a reassessment of long-term capital gains tax and securities transaction tax. Stakeholders, including investor...27 Oct, 2026, 08.30 AM IST
- Arizona households to get automatic electricity bill discounts in November? Who will benefit and what you need to knowThe Arizona Corporation Commission (ACC), the state's utility regulator, unanimously approved the bill credit in October 2026. The relief i...27 Oct, 2026, 02.37 AM IST
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