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

As India marks eight years since the launch of the Goods and Services Tax (GST), the focus now shifts to a new chapter—GST ...

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

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 ...

plus an additional 1 percent cess, adds Rs 1,11,903 to the bill. On top of that, road tax and registration charges amount to Rs 94,248, and insurance costs Rs 30,890. “In total, after already paying ...

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.

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 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 ...

With the cess ending in March 2026, states propose merging it with taxes. Further discussions will continue in November, with a final report due by December 31.

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 ...