High-income earners in India can save lakhs in taxes with smart intra-family financial planning. CA Sk Md Affan explains how ...

But the dream of parking even an entry-level vehicle like the Maruti Suzuki Alto in one’s driveway is increasingly clouded by the heavy tax burden built into the cost of ownership—a reality that many ...

Learn about TDS Return Form 27Q for non-salary income of non-residents, including due dates, penalties, and interest on late ...

Cess: Cess applies to everyone who pays income tax, meaning even lower and middle-income taxpayers contribute to specific welfare programmes. For example, if your income tax liability is Rs 1 lakh ...

It's been eight years of compensation cess on costly cars, tobacco and fizzy beverages. The Centre is willing to end the cess ...

It is deductible from income-tax before calculating education cess. The amount of rebate is 100 per cent of income-tax or Rs. 12,500, whichever is less,” according to Income Tax website.

The divisible pool of taxes has shrunk, and the share of southern States in it has also dwindled further. May 13, 2025 e-Paper. LOGIN Account. eBooks Subscribe GIFT FRONT PAGE. ... Usage of cess.

The issue is expected to be reviewed soon by the Group of Ministers on Compensation Cess, chaired by Minister of State for Finance Pankaj Chaudhary.

When filing income tax returns for AY 2025-26, understanding capital gains taxation from mutual funds is crucial. Both old ...

The GST regime was sold as a simple indirect tax regime with just two or three slabs. What it looks like today is anything ...

Kolkata ITAT dismisses revenue's appeal against education cess deduction for AVR Storage Tank Terminals. Previous ITAT order set aside the CIT(A) decision, rendering current appeal ...

In the GST regime, compensation cess at varied rates is levied on luxury, sin and demerit goods over and above the 28 per cent tax. NEW DELHI: The group of ministers (GoM) on GST compensation cess ...