News

The GST fitment committee, comprised of revenue officials from the national and state governments, would assess the compensating cess levy on certain items with a higher risk of tax evasion, such as pan masala and mixed tobacco products.

Compensation Cess: GST Fitment Committee to review Compensation cess structure for Pan Masala

The Delhi Finance Minister Kailash Gahlot indicated on friday that government's need of the hour is a transparent system for tax collection and they are continuously working on identifying defaulters.

Need for Transparent System to Collect Tax: Delhi Finance Minister

West Bengal government has determined that farmers will not be required to pay income tax on any agricultural output for the ensuing two financial years.

No Income Tax on Agri Produce for Next 2 Financial Years: Mamata Govt waives off Tax

The Chartered Accountant Association, Surat, has made representation before Finance Minister towards the issue of Oblivious status of appeals before CIT(A).

CA Association representation on Oblivious status of appeals before CIT(A)

Direct Tax collections up to 10th March, 2023 show that gross collections are at Rs. 16.68 lakh crore which is 22.58% higher than the gross collections for the corresponding period of last year.

Direct Tax Collections up 16.8% to Rs.13.73 lakh crore till 10th March 2023

As per Clause 26 of Article 366 of Constitution, tribal population of Arunachal Pradesh living in territories listed in 6th Schedule is exempt from Income Tax Act of 1961.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

Compensation Cess: GST Fitment Committee to review Compensation cess structure for Pan Masala

Need for Transparent System to Collect Tax: Delhi Finance Minister

No Income Tax on Agri Produce for Next 2 Financial Years: Mamata Govt waives off Tax

CA Association representation on Oblivious status of appeals before CIT(A)

Direct Tax Collections up 16.8% to Rs.13.73 lakh crore till 10th March 2023

Arunachal Tribals need to obtain Exemption Certificate from Income Tax Department: Deputy CM