Tax
- India
Govt hikes petrol windfall tax, cuts duty on diesel, ATF exports
New Delhi: The government on Tuesday hiked the windfall gains tax on petrol exports, while lowering the levy on diesel and Aviation Turbine Fuel (ATF), for the fortnight beginning July 1. The…
- Bangalore
Bengaluru police bust fake vehicle registration racket
Bengaluru : A major vehicle registration fraud has been unearthed in Bengaluru after police discovered two Swaraj Mazda minibuses operating on city roads with the same registration number. The Electronics City police…
- World
US drops tax claims against Trump in expanded IRS settlement
Washington: The US government will permanently drop tax claims connected to President Donald Trump, according to a settlement document that is part of a deal to resolve Trump’s $10 billion lawsuit against…
- Business
Sukanya Samriddhi Yojana offers secure returns for girl child future
Government-backed investment schemes continue to hold the market, particularly when it comes to saving money for a girl child. The Government of India has designed several schemes aimed at securing the future…
- Hyderabad
Telangana: Committee formed to study local bodies levying entertainment tax
Hyderabad: To boost the revenues of local bodies, the Telangana government is examining the feasibility of levying an entertainment tax on certain commercial establishments, such as theaters and amusement parks, among others.…
- News
Key financial changes kicking in from April 1
Mumbai: A series of major financial and regulatory changes will come into effect across India from April 1, marking the start of the new financial year and bringing significant impact on taxpayers,…
- Bollywood
A film that earned big, but its own hero wanted a flop
Hyderabad: Every filmmaker hopes their movie becomes a blockbuster at the box office. Success usually brings fame, recognition, and wealth. However, one famous Bollywood actor once wished for the exact opposite. When…
- Telangana
Telangana imposes up to Rs 5,000 road safety cess on new bikes, cars
Hyderabad: The Telangana government will be imposing a one-time road safety cess on vehicles that will be registered in the state from March 1, with the Telangana Motor Vehicles Taxation (Amendment) Act,…
- India
India-EU FTA keeps carbon tax; technical talks to tackle concerns, says German official
New Delhi: The European Union’s Carbon Border Adjustment Mechanism (CBAM) will not see any exceptions despite the concluded India-EU Free Trade Agreement (FTA), but both sides have committed to technical discussions to…
- Technology
Budget: Tax holiday till 2047 for foreign cloud firms using data centers in India
New Delhi: Finance Minister Nirmala Sitharaman on Sunday, February 1, proposed tax holiday till 2047 for foreign companies that provide cloud services to customers worldwide by using data centres in the country.…
- Business
Market participants seek equity tax relief ahead of Budget
New Delhi: Market participants have urged the government to ease capital market taxation, including a higher exemption limit on long-term capital gains, ahead of the Union Budget for 2026-27. They also suggested…
- Business
Experts warn tobacco tax hike may boost smuggling, hit revenue
New Delhi: An unprecedented tax hike, coupled with a new excise duty structure on tobacco, could lead to a surge in illicit trade of cigarettes and result in significant tax revenue losses…
- Middle East
Saudi Arabia to roll out four-tier sugar tax on drinks from Jan 1
Riyadh: Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has approved amendments to the executive regulations of the excise tax, introducing a sugar-content-based levy on sweetened beverages from January 1, 2026. The…
- India
No GST return filing allowed for dues pending over 3 yrs: GSTN
New Delhi: Businesses will not be able to file GST returns which are due for three years or more beginning the November tax period, GST Network (GSTN) has said. In an advisory,…
- Middle East
UAE set to apply new sugar drink excise tax from January 2026
Abu Dhabi: The United Arab Emirates (UAE) will introduce a new tiered excise tax on sugar-sweetened beverages from January 1, 2026, following the completion of legislative amendments by the Ministry of Finance.…
