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TAX TREATMENT OF SUBSIDIES
Electricity subsidy for existing businesses is taxable, Supreme Court rulesThe Supreme Court recently ruled that electricity subsidies granted under the Income Tax Act are subject to taxation as revenue receipts. T...- GST 2.0: Council to consider sweeping reforms to unlock tax credit, ease complianceIndia is set to implement significant reforms to the goods and services tax system, which will ease compliance. Changes may include the rel...
- India's commercial vehicle market just had its best year in seven. Then the June quarter arrived, and margins fellThere is, at this point, an apparent contradiction at work in the Indian commercial vehicles space. One: FY 2026 was the best of the last s...
- Democrats to probe lucrative Trump family business deals if they win midterms* Majority in House or Senate would give Democrats subpoena power and funds for expanded investigative staff * Trump-linked crypto firms an...
- India attracts capital. Now it must build what the world pays royalties forIndia has emerged as a major investment destination, but much of the value generated by foreign companies still flows overseas through divi...
- WTO Fisheries Agreement: India’s concerns, past opposition, and the road aheadIndia’s decision to ratify the WTO’s Fisheries Subsidies Agreement is a strategic move that balances sustainability with the need to suppor...
- EU warns US of potential retaliation over dispute in green tax incentivesIt also called for more transparency in the tax credits granted by the law, and to ensure that the subsidies don't create adverse effects, ...
- India loses export incentive case filed by US at WTO, to appeal against the rulingA WTO panel ruled that Indian export subsidies are prohibited and should be removed.
- India wins solar case against the US in WTOThe ruling stated that ten measures implemented by the US pertaining to renewable energy sector are inconsistent with its obligations under...
- EEPC India suggests ways to make India's export more competitiveOther suggestions of the council include differential rate of around 15 per cent of income tax on export income .
- Focus on fiscal deficit can kick in a virtuous cycle: Ajit Ranade, Aditya Birla GroupRanade, who is group chief economist of the company, shared his assessment of the Union Budget proposals in an interaction with ET’s Gayatr...
- Tirupur Exporters’ Association requests financial support to common effluent treatment plantsTEA has sought financial support to the effluent treatment plants from the Centre so as to keep the competitive edge in the global garments...
- 20 kilolitres free water scheme hangs in balanceThe future of the flagship scheme providing 20 kilolitres of water to households announced by the former chief Minister Arvind Kejriwal han...
- Vote on Account 2014: Nothing other than income should be taxedI believe that nothing other than income should be taxed. If we tax income properly, why should we have Gift Taxes and Wealth Taxes?
- Parkash Singh Badal slams Centre over tax incentives for other statesBadal said he was not against concessions given to any state, but only against denial of similar concessions to Punjab.
- Rationalisation of taxes need of the hour: Parkash Singh BadalPunjab Chief Minister Parkash Singh Badal today said the rationalisation of taxes was the need of the hour for ensuring development in the ...
- Alternatives to austerityA deficit-reduction package that boosts efficiency & growth is possible.
- AT&T will take $1 bn non-cash charge for health careAT&T Inc. said Friday it will take a $1 billion non-cash charge in the first quarter related to the health care overhaul.
- FM stays on CMP trackReplying to the debate on the Budget today in the Lok Sabha, finance minister P Chidambaram further emphasised its umbilical relationship w...
- Subsidies bad for backward areas: NGONEW DELHI: A RECENT study conducted in Maharashtra, Madhya Pradesh and Andhra Pradesh has found that state government's attempts to promote...
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