Excise duty cut by centre will reduce the effective rate of VAT on petrol-diesel in states

May 22, 2022

Jaipur (Rajasthan) [India], May 22 : Excise duty cut in petrol and diesel will reduce the effective rate of Value Added Tax (VAT) in...

Dubai Chambers introduces EU Diplomatic Missions to UAE Corporate Tax Law to boost investment

May 12, 2023

The UAE has introduced Federal Corporate Tax on business profits to keep pace with the requirements of a globally competitive market economy. The Corporate...

Sharp cut in windfall tax on crude petroleum, effective today

Aug 17, 2024

The windfall tax on petroleum crude will be reduced to Rs 2,100 per metric ton from Rs 4,600 per ton, according to an official...

Government implements uniform 5% tax on aircraft, engine parts

Jul 16, 2024

Union Civil Aviation Ministry has announced a uniform 5 per cent Integrated Goods and Services Tax (IGST) rate on all aircraft and aircraft engine...

Nagaland govt reduces taxes on petrol, diesel

Feb 23, 2021

Kohima (Nagaland) [India], February 23 : Amid the rise of fuel prices in the country, the Nagaland government on Monday cut down taxes on...

New tax proposal without indexation for real estate is beneficial in most cases: IT Department

Jul 24, 2024

In a social media post on "X" the income tax department says the proposed new tax rate without indexation is beneficial in most cases.