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Taxpayers will not be charged interest on penalty amounts for the period during which appeals are pending before the first appellate authority, regardless of the final outcome.
Given the volatile global geopolitical context, the FM has to do a fine balancing act to sustain high growth in the economy.
A calibrated reduction in TDS would preserve traceability without discouraging participation.
The case relates to the illegal import of high-end vehicles from Bhutan, which were allegedly brought into India using forged documents, registered under false credentials, and later sold.
Local bodies in Kerala will have to give 2.5 per cent of the property tax being collected under each account to the Information Kerala Mission (IKM), which executes e-governance projects in local self-government institutions in the state. The LSGD Special Secretary Adeela Abdulla has issued the
The status of these facilities will be reviewed each year online, and the rebate will be renewed accordingly.
In 2022, the government exempted the distilleries in the state from paying ToT.
Cess and tax collection are done through the K-SMART module developed by the IKM.
ULIP tax rules have evolved in recent years, especially after the changes introduced in the Union Budget 2025.
The new ITR form facilitates choosing exemptions under various provisions (drop-down list) for those opting for the earlier tax system.
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