Articles for Tax Share

CM reinvokes ‘Our tax, Our right’ campaign, calls upon Kannadigas to rise against Centre’s discrimination
1 day, 10 hours ago

CM reinvokes ‘Our tax, Our right’ campaign, calls upon Kannadigas to rise against Centre’s discrimination

The Hindu  

Launching a fresh tirade against the Centre for allocating a “meagre” share of funds to Karnataka in the recent round of devolution, Chief Minister Siddaramaiah again invoked the “Our Tax, Our Right” campaign and called upon all Kannadigas to rise against this discrimination by fighting for their rightful share. Though the Union Budget doubled from ₹24.42 lakh crore in 2018-19 …

Karnataka States Share Bjp Crore Centre Kannadigas
Reduction In Share Capital Amounts To Transfer Of Capital Asset Under Income Tax Act : Supreme Court
5 days, 15 hours ago

Reduction In Share Capital Amounts To Transfer Of Capital Asset Under Income Tax Act : Supreme Court

Live Law  

The Supreme Court reiterated that reduction in share capital is covered under Section 2 of the Income Tax Act, 1961, which talks about transfer of a capital asset. Such a reduction of the right of the capital asset clearly amounts to a transfer within the meaning of section 2 of the Income Tax Act, 1961.'' Relinquishment of any rights in …

Tax Court Sale Income Tax Act Transfer Income Capital
GST Council meeting: 18% tax on caramelised popcorn, netizens share memes saying, went to Jaisalmer to discuss popcorns
3 weeks, 3 days ago

GST Council meeting: 18% tax on caramelised popcorn, netizens share memes saying, went to Jaisalmer to discuss popcorns

Live Mint  

The GST Council meeting conducted in Jaisalmer on Saturday discussed the taxation of popcorn. The pre-packed and labelled ready-to-eat snacks will attract a 12 per cent tax, whereas caramelised popcorn will attract an 18 per cent GST. The tax rate on popcorn has not changed, and the GST Council has only agreed that the Central Board of Indirect Taxes and …

Tax Council Cent Gst Gst Council Jaisalmer Gstc
Rahul Gandhi slams govt over decline in India's GDP growth, calls for economic reforms
1 month, 2 weeks ago

Rahul Gandhi slams govt over decline in India's GDP growth, calls for economic reforms

India TV News  

Leader of Opposition in the Lok Sabha, Rahul Gandhi, expressed grave concern over India's economic slowdown on Sunday, highlighting that the country's Gross Domestic Product growth rate has plummeted to its lowest in two years, standing at just 5.4 per cent. Gandhi attributed this downturn to an economy that, according to him, disproportionately benefits a small group of billionaires, while …

India Economy Gandhi Cent Rahul Gandhi Economic Reforms
Biden proposes tax increase on fuel for private jets, casting it as making wealthy pay their share
10 months ago

Biden proposes tax increase on fuel for private jets, casting it as making wealthy pay their share

Associated Press  

President Joe Biden is proposing a huge increase in fuel taxes for private jets, which his administration is pitching as a fairness issue compared with airline passengers, who pay special taxes on every ticket. The largest business-aviation trade group came out against the targeted fuel-tax increase, saying private jets help companies succeed and create jobs. The White House earmarked nearly …

Tax Congress Biden Jets Private Private Jets Faa
Explained: How budget impacts stock market activity
2 years, 11 months ago

Explained: How budget impacts stock market activity

India Today  

Finance Minister Nirmala Sitharaman is all set to present the Union Budget 2022 in Parliament on Tuesday. MOVEMENT OF STOCKS If the share market perceives the Union Budget positively, the stocks are set to go up. EXEMPTION IN INCOME TAX If FM Sitharaman in her budget speech announces changes in income tax slabs or increases exemption limits, the stock market …

Market Tax Budget Stock
What 15th Fin Comm award means for India’s states, in five charts
3 years, 10 months ago

What 15th Fin Comm award means for India’s states, in five charts

Live Mint  

The 15th Finance Commission, like all its predecessors, was faced with the gigantic task of making all stakeholders happy. At the heart of the finance commission’s mandate is to decide, every five years, how the Centre shares revenues with states having diverse sizes and needs. For 2021-26, the XVFC has set a 41% share for states in the divisible pool …

Tax States Transfers Grants Share Centre Comm
Kerala unhappy with 2020 Union Budget
4 years, 11 months ago

Kerala unhappy with 2020 Union Budget

India Today  

The 2020 Union Budget failed to enthuse the Left-ruling Kerala. Chief Minister Pinarayi Vijayan on Saturday criticised the Union Budget for ignoring long pending demands of Kerala and drastically cutting down the state's share of central taxes. Moreover, the Union Budget proposes to slap 22 per cent tax plus surcharge cooperative societies. The budget has not allocated sufficient funds for …

Kerala Budget