Finance : Secondary SGB buyers must now pay 12.5% LTCG tax, unlike primary holders. The change reshapes returns and investment strategies in...
Income Tax : Establishes that higher tax burdens on promoters under the new regime require companies to reassess payout strategies. The takeawa...
Finance : The Supreme Court has allowed taxpayers to challenge retrospective amendments validating JAO reassessment actions. It stayed ongoi...
Income Tax : The issue arose from taxing buybacks as dividends, causing higher tax burden and unusable capital losses. The reform restores capi...
Income Tax : The Supreme Court has admitted a case to resolve conflicting interpretations of due dates for PF/ESI contributions. The ruling wil...
Income Tax : The amendments focus on reassessment timelines, electronic communication, and procedural clarity. The changes aim to reduce litiga...
Income Tax : The Government introduced reforms to simplify tax dispute resolution, including broader immunity provisions and expanded scope for...
Income Tax : A focused session breaks down recent Budget amendments affecting NRI taxation. It highlights how changes impact income, investment...
CA, CS, CMA : Budget 2026 prioritises easing compliance, reducing penalties, and cutting litigation rather than raising tax rates. The reforms a...
Custom Duty : New baggage rules and processing regulations are notified, replacing earlier frameworks and aligning customs procedures for passen...
Goods and Services Tax : Discover the key amendments in the Finance (No. 2) Bill, 2024, affecting CGST, IGST, UTGST, and Cess Act, including tax exemptions...
Income Tax : A petition has been filed in the Madras High Court challenging the section 271J of the Income Tax Act inserted vide Finance Act 2...
Income Tax : U/s 250(4), the CIT (A) has the power to direct enquiry and call for evidence from the assessee. Under Rule 46A, the assessee has ...
Income Tax : CBDT updated DIN rules to align with new provisions introduced under the Finance Act, 2026. The circular mandates DIN for most tax...
Income Tax : The Finance Act, 2026 prescribes income-tax rates, surcharge, and cess for the assessment year 2026–27. It establishes the legal...
Excise Duty : The government has withdrawn an earlier central excise exemption notification with effect from 2 February 2026. The rescission is ...
Excise Duty : The government has extended key excise provisions and introduced a specific duty structure for CNG blended with biogas. The key ta...
Excise Duty : The government has reduced the effective National Calamity Contingent Duty on specified tobacco products. The key takeaway is a ca...
In order to further garner additional resources, the Finance Minister has proposed to enhance basic customs duties on completely built units of large cars/ Multi-Utility Vehicles/ Sports Utility Vehicles having engine capacity above prescribed threshold from 60 percent to 75 per cent ad valorem.
It was a realist budget in the difficult economic and political environment. Effort was made towards fiscal consolidation, infrastructure development, revival of manufacturing sector, easing of credit facilities, direct transfer of subsidy etc. Major Tax proposals are as follows:
Presenting the Budget in the LokSabha today, the Union Finance Minister Shri Pranab Mukherjee has proposed concessions and exemptions for encouraging the consumption of energy-saving devices, plant and equipment needed for solar thermal projects. The Finance Minister proposed to fully exempt a coating chemical used for compact fluorescent lamps from basic customs duty. Excise duty on LED lamps is also being reduced to 6 per cent.
Excise duty rationalized for packaged cement, whether manufactured by mini-cement plants or others. – Levy of excise duty of 1 per cent on branded precious metal jewellery to be extended to include unbranded jewellery. Operations simplified and measures taken to minimize impact on small artisans and goldsmiths. – Branded Silver jewellery exempted from excise duty.
The Government will present its 81st Budget proposals in the history of independent India, when the Finance Minister, Mr Pranab Mukherjee, tomorrow reads out his taxation and other economic policies before the Parliament. Individually, Mr Mukherjee will present the Union Budget for the seventh time, the second-highest by any Finance Minister.
The extent of higher education is generally measured by enrolment ratio in higher education; by taking the ratio of persons in all age group enrolled in various programs to total population in age group of 18 to 23. The current level of GER in India stands at a figure of about 13% it is very low if we compared to world average of 23.2%, 36.5% for developing countries and 45% for developed countries. The government thus has an enormous task in hand to improve the GER to bring it somewhere close to other developing countries as otherwise the country would continue to remain divided not only in terms of wealth-distribution but also in the more fundamental aspects like education and health.
RAILWAY BUDGET 2012-13- List of new Express Trains, Passenger Trains, MEMU, DEMU, Extension of run and increase in frequency of trains announced in Railway Budget 2012-13.
137 Additional Sub-Urban Services for Mumbai,Chennai & Kolkata -Minister for Railways Shri Dinesh Trivedi said with a view to further enhancing the carrying capacity of suburban services additional services are being introduced in Mumbai, Chennai and Kolkata. These include 75 new services in Mumbai, 18 in Chennai and 44 in Kolkata area.
The allocation under passenger amenities in this year’s Railway Budget has been raised to Rs. 1102 crore. The allocation under this head in 2011-12 was Rs. 762 crore. Some of the important passenger and other user friendly measures introduced or being proposed during 2012-13 are:
Proposed Increase not Enough to Cover Impact of Fuel Price Rise in 8 Years Railway Minister Shri Dinesh Trivedi has announced minor increase in fares so as to cause minimal impact on the common man and to keep the burden within tolerance limits in general. He has proposed only 2 paise per km extra for […]
