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State Govt to Track all Residential and Commercial Properties through New Property Tax System

The Lucknow Municipal Corporation (LMC) will soon launch a new Property Tax Management System (PTMS) to make property tax collection more...

European Commission’s 2026 Agenda Highlights Major Changes in VAT, Customs, and Energy Taxation

Upcoming GST Council Meet May Slash Rates: Tractors, ACs, and Insurance Could Get Cheaper

Supreme Court upholds Constitutional Validity of Section 5A, Kerala GST Act and Section 7A of Tamil...

UP Juice Seller Hit with Rs. 7.79 Crore Income Tax Notice, Only Earns Rs. 400 a Day [Read Order]

Till Tax Do Us Part: ICAI Proposes Joint Taxation for Married Couples ahead of Budget 2025 - Benefits and Challenges

In a recent move that could change the tax system in India, the Institute of Chartered Accountants of India ( ICAI ) has proposed to the government to allow married couples to file joint income tax...

Till Tax - Till Tax Do Us Part - ICAI Proposes - Joint Taxation for Married Couples - Joint Taxation - Married Couples - Budget 2025 - Benefits and Challenges - taxscan

Income Tax Act Revamp: ICAI Puts Forward Comprehensive Suggestions

The Institute of Chartered Accountants of India (ICAI) has proposed an extensive overhaul of the Income Tax Act, 1961, following its stakeholder consultation with the Ministry of Finance on September...

Join Taxscan’s Public Opinion Forum on Income Tax Act Review: Submit Your Thoughts Here

The Government has announced a comprehensive review of the six-decade-old Income Tax Act. While the Act has seen numerous amendments, there is still a pressing need to simplify and clarify its...

Taxscan - Taxscan’s Public Opinion Forum - Income Tax Act Review - Income Tax Act -Taxscan

Decoding Gandhi's Philosophy on Taxation: A Beacon of Justice and Equity

As India commemorates Gandhi Jayanti on October 2nd, celebrating the birth anniversary of Mahatma Gandhi, it is imperative to revisit the philosophies that propelled our nation toward independence. ...

Gandhis Philosophy on Taxation - Justice - Equity Tax - taxscan

Delhi High Court Sets Aside GST Cancellation Order Due to Lack of Fair Hearing and Opportunity to Respond to SCN [Read Order]

The Delhi High Court has set aside the cancellation of Olive Traders’ GST registration, emphasising the necessity of a fair hearing and proper opportunity to respond to a Show Cause Notice (SCN). The...

The Input Tax Credit Conundrum: Section 16(4) GST Act Decoded with Recent Judgements on ITC

Section 16(4) of the Goods and Services Tax (GST) being the most attractive provision, allowing taxpayers to claim Input Tax Credit (ITC), reducing the cascading effect that existed in the VAT...

Pros and Cons of Progressive Income Tax

INTRODUCTION A progressive tax involves a tax rate that increases (or progresses) as taxable income increases. Lower tax rates are imposed on low income earners and higher tax rates on high income...