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Kerala's revenue rose by ₹5,629 crore in April-May, primarily due to market revival, not policy. This offers optimism for the new government, despite fiscal challenges and expected central tax grant losses.
Kerala will divert motor vehicle taxes and fuel cess from KIIFB to the treasury, aiming to ease the state's financial crisis and increase revenue.
New income tax law and significant tax changes take effect from April 1, simplifying tax filing and introducing a new tax year system.
Beginning April 1, 2026, India and Kerala will see substantial regulatory and financial shifts, including the implementation of the Income Tax Act, 2025, which replaces the old act.
EMI funded home ownership proves significantly more beneficial than often portrayed by financial influencers.
Delayed construction cess notices are causing financial distress for homeowners who built houses decades ago.
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.
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