taxation

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    Fuel Prices Rise: New Excise Duty Changes Announced

    New Delhi, April 11 – The Centre on Saturday increased excise duties on petroleum products, including high-speed diesel, with immediate effect, according to a notification issued by the Ministry of Finance.The Union government has hiked the export duty or windfall tax on diesel by Rs 34 per...
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    HP Fuel Prices Stable, New Entry Tax Rates Issued

    Shimla, April 2 There has been no increase in the prices of petrol and diesel in the state, and the Legislative Assembly has only made provisions to allow for a price increase of up to Rs 5 in the future, if needed, Chief Minister Sukhvinder Singh Sukhu said on Thursday.The Himachal assembly...
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    India to Reintroduce Share Buybacks via Stock Exchanges

    New Delhi, April 2 In a significant regulatory move, the Securities and Exchange Board of India on Thursday proposed bringing back open market share buybacks through stock exchanges, following recent changes in the tax framework.In a consultation paper, the market regulator suggested that...
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    Tax Law Changes: GAAR Scope Narrowed for Legacy Investments

    New Delhi, April 1 – The Central Board of Direct Taxes (CBDT) has amended income tax rules to provide clarity on the applicability of the General Anti-Avoidance Rules (GAAR), in a move aimed at reducing ambiguity around tax avoidance provisions.In its notification, the CBDT stated that GAAR...
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    Tax Provisions Shift: Govt. Implements Finance Act 2026

    New Delhi, March 31 The government has notified the Finance Act 2026, paving the way for changes in tax provisions.This Act implements the financial proposals of the central government for 2026-27, a gazette notification dated March 30 issued by the Ministry of Law and Justice said."The...
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    Trading Costs Rise: STT Hike and Market Activity

    New Delhi, March 31 – With the fiscal year 2026 set to end on Tuesday, investors are preparing for several reforms, including revised Securities Transaction Tax (STT) rules that will come into effect from April 1.Many brokers, traders, and demat account holders are concerned about the sharp...
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    Tax Law Overhaul: Key Changes for FY27 Including HRA and Derivatives

    New Delhi, March 31 As India approaches the new fiscal year FY27, the country’s direct tax system is set for a major overhaul from April 1, 2026, with the new Income Tax Act, 2025, coming into force – replacing the six-decade-old 1961 legislation and introducing changes in compliance...
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    Income Tax Authority Issues Demand Notice to TVS Srichakra

    New Delhi, March 26 Tyre manufacturer TVS Srichakra Ltd said on Thursday that it has received a demand notice of ₹29.47 crore, including tax and interest, from the income tax authority under a disallowance provision, with a penalty proposed for under-reporting of income.An order has been...
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    Opposition Targets Government Over Foreign Policy, Economy in Lok Sabha Debate on Finance Bill 2026

    Opposition Targets Government Over Foreign Policy, Economy in Lok Sabha Debate on Finance Bill 2026 Sharp Political Divide Emerges During Finance Bill Discussion New Delhi, March 24: A heated debate unfolded in the Lok Sabha on Tuesday as opposition leaders accused the government of compromising...
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    Himachal Implements Fuel Cess for Orphans and Widows Amidst BJP Opposition

    Shimla, March 23 Consumers in Himachal Pradesh will have to pay more for petrol and high-speed diesel, as the Assembly passed a VAT amendment bill on Monday, which seeks to levy an "Orphan and Widow" cess of up to Rs 5 per litre on these two fuels, despite the opposition BJP staging a walkout...
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    Lee Jae Myung Administration Targets Policy-Makers with Multiple Properties

    Seoul, March 22 — President Lee Jae Myung on Sunday said he has directed both his office and the Cabinet to bar owners of multiple properties from participating in the formulation of real estate policies, as part of a broader push to curb housing speculation.In a post on X, Lee stated that...
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    GST Collection Growth: Haryana Sees 22% Increase in FY 2025-26

    Haryana Records 22 Percent Surge in SGST Collection in FY 2025 to 26, Highest in India Gross SGST Collection Touches Rs 44,460 Crore Till February Chandigarh, March 1: Haryana has emerged as the top performing state in the country in terms of State Goods and Services Tax collection growth...
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    State of the Union: Trump Unveils Retirement Savings Initiative and Tariff Strategy

    In a politically charged State of the Union address on Capitol Hill, US President Donald J. Trump laid out a series of proposals spanning retirement savings reform, tax relief measures, and a significant shift in trade and fiscal rhetoric.The speech combined policy announcements with...
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    Pakistan Economy Stabilizes Under IMF Program but Poverty and Inequality Surge

    IMF Backs Macroeconomic Stabilization Amid Social Strain New Delhi, February 24: Even as the International Monetary Fund has praised Pakistan for stabilizing its economy under its ongoing support program, new data shows that poverty and income inequality have sharply worsened, raising concerns...
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