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TAX BASED ON PRODUCT FORM
Product's form at sale, not end use, will determine tax rate: Supreme CourtThe Supreme Court has ruled that the tax rate applicable to a product must be determined by its physical form at the time of sale, not its ...- SunBridge BioEnergy starts commercial production at Rs 350 crore ethanol plantSunBridge BioEnergy Ltd has started commercial production of fuel-grade ethanol at its Seoni facility. This facility, with an investment of...
- Karnataka liquor volumes flat in H1 as beer gets three cheersKarnataka observed significant growth in beer sales, rising by 41% in the first half of the fiscal year. Indian-made liquor sales, however,...
- This reusable plate never needs to be washed: Viral video shows how the unusual dinnerware works and what it costs in IndiaA social media video with more than 8 million views shows a woman demonstrating multi-layered plates made by US-based company Peel. The pro...
- US green card rules challenged as USCIS tightens adjustment of status processAn important lawsuit has been initiated to contest the recent policies by USCIS that influence permanent residence applications. The guidel...
- ECI took down September 26 press release after SC remarks? PIB factchecks CJP's Ashutosh Ranka's claim on form 6The Press Information Bureau’s Fact Check unit has rejected a claim by CJP’s Ashutosh Ranka that the Election Commission of India removed i...
- GST shake-up: Council may rejig tax officers' panelsThe GST Council is likely to recast its tax officers' committees to make them leaner as the system matures. It is proposed to reduce the cu...
- GST registration overhaul: Businesses may soon apply for multiple states at onceThe GST Council plans to discuss a proposal for a unified GST registration process for businesses. This proposal aims to streamline applica...
- Grain trader deposited Rs 5.2 crore cash in bank, filed ITR declaring Rs 7.65 lakh income, got unexplained deposit income tax notice; won case in ITAT Delhi for this reasonWhen Mr Kumar, a grain trader from Rampur deposited Rs 5.2 crore cash in his bank account and filed an Income Tax Return (ITR) declaring Rs...
- Own a rental property in 2026? You may be able to deduct property taxes - here’s what the IRS saysRental property tax deduction 2026: If you own a rental property in 2026, property taxes may be deductible as a rental expense. But the amo...
- GST Council may clear sweeping compliance reforms; e-commerce sellers, genuine buyers to get reliefThe GST Council will assess various procedural reforms aimed at simplifying tax compliance for businesses. Proposed measures include enabli...
- Nestle India's low-fat dairy whitener fails food safety testFSSAI recently deemed Nestle India's low-fat dairy whitener unsafe, stating it didn't adhere to the Food Safety and Standards Act of 2006, ...
- IPO-bound Kuku turns profitable as FY26 revenue jumps sixfold to Rs 1,484 croreThe company reported revenue from operations of Rs 1,484.2 crore, up 514% from Rs 241.6 crore a year earlier, per its audited financial sta...
- Tax audit deadline extended: Key checks taxpayers should make before filing income tax returnThe CBDT has announced an extension for tax audit and ITR filing deadlines for Assessment Year 2026-27. Taxpayers must now file their retur...
- Kataline files DRHP for IPO; plans 43 lakh fresh issue, OFSKataline Limited, an integrated traffic safety solutions provider, has submitted a Draft Red Herring Prospectus to SEBI. The proposed IPO i...
- Bengaluru’s tax gap, not tax rates, is the real resource problem: Krishna Byre GowdaBengaluru plans to map properties outside the tax network and bring them into the system to widen the tax base without raising rates, Great...
- India's rice industry looks beyond grain for next billion-dollar opportunityIndia’s rice industry is looking beyond raw grain exports to higher-value products such as noodles, bran oil, protein, specialised ingredie...
- 2027-28 FAFSA® Opens: Key Information for Students and FamiliesThe 2027-28 (FAFSA®) is currently open.It helps incoming and returning college students to start their financial-aid process. The applicati...
- RoDTEP scheme extension likely for exporters as September 30 deadline nearsThe government plans to extend the Remission of Duties and Taxes on Exported Products scheme to support exporters. This initiative aims to ...
- Buying property from an NRI? Know the new TDS, PAN, and Form 141 rules effective October 1Beginning 1 October 2026, resident Indian buyers will enjoy simplified compliance when purchasing property from non-resident sellers. They ...
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