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Big Relief for Non-Profits: New Merger Rules Slash Tax Burden from 2026

April 1, 2026, onwards, registered non-profit organizations (NPOs) will get a major relief under the Income-tax Act with the introduction of Section...

GST Refund on Ocean Freight: Analysing Impact of SC's Mohit Minerals Ruling in Louis Dreyfus Case

Income Tax Dept Cracks Down on Gold Jewellers Using Illegal Accounting Trick

Bombay High Court to Decide: Should Donuts Be Taxed at 5% or 18% GST? [Read Order]

France Imposes Tax on Music at funerals - France funeral music tax - France imposes tax on funeral songs - TAXSCAN

Death and Taxes: France Imposes Tax on Music played at Funerals following Copyright Row

Know the New Income Tax Slabs and Rates Proposed by FM in Budget 2025-2026

The Union Finance Minister Nirmala Sitharaman is presenting her record eighth Union Budget - 2025 in Parliament amid high hopes of tax relief. Delivering the first full budget of Third Narendra...

GST Compensation Cess Panel holds First Meeting, considers to Reduce Tax bracket for Some Luxury Items

The GST Compensation Cess Panel, a newly formed Group of Ministers ( GoM ) led by the Union Minister of State for Finance, Pankaj Chaudhary, held its first meeting earlier this month. The panel...

No Penalty upon Fulfillment of Tax Liability: Calcutta HC directs to Issue Fresh Reasoned Order [Read Order]

In a recent ruling of Calcutta High Court the writ petition challenging an order passed by the Deputy Commissioner of State Tax was remanded owing to imposition of penalty on fully paid tax...

Income Tax Benefits for Senior Citizen on FD and Savings Account Interest Income

The Section 80TTB of the Income Tax Act introduces valuable tax benefits for senior citizens, particularly concerning the interest income generated from deposits. Enacted through the Union...

Income Tax - Income Tax Benefits - Senior citizen tax benefits - Savings Account - taxscan

Govt to evaluate measures to bring down Tax Burden on Foreign Investors Domicile in India

AIFs, which include venture capital (VC) and private equity (PE) funds domiciled in India, are among the Alternative Investment Funds (AIFs) that the government is looking at ways to reduce the tax...

Refund under CST Act shall be granted to Person on whom lay Ultimate Tax Burden: Gujarat High Court [Read Order]

A two-judge bench of the Gujarat High Court has held that only the persons on whom lay the ultimate burden to pay the tax would be entitled to get a refund of the same. The petitioner filed a writ...

Petitioner failed to quote Tax Amounts even though the conditions required disclosure of Tax burden, tender can’t be accepted: Kerala HC

The Kerala High Court noted that the prime reason for the respondents for not accepting the tender of the petitioner is that the petitioner did not quote tax amounts even though the conditions...