China proposes taxing rich Chinese abroad, puts forward expat tax

Mar 08, 2022

Beijing [China], March 8 : China is contemplating taxing rich Chinese who emigrate to avoid tax and transfer their assets and wealth overseas.

Delhi HC dismisses Gandhi and AAP's petitions challenging Income Tax assessment transfer

May 26, 2023

The Delhi High Court on Friday dismissed the batch of petitions including Rahul Gandhi, Sonia Gandhi, Priyanka Gandhi, Sanjay Gandhi memorial trust and various...

Centre releases 2 instalments of tax devolution to states

Nov 11, 2022

According to the finance ministry, this is in line with the commitment of the government of India to strengthen the hands of states to...

Income Tax Department conducts survey at Truecaller offices in Mumbai, Gurugram

Nov 07, 2024

The Income Tax Department conducted a survey at the offices of "Truecaller" in Mumbai and Gurugram on Thursday, reportedly in connection with alleged transfer...

States have power to levy tax on mines, minerals bearing lands; royalty not tax: Supreme Court

Jul 25, 2024

A nine-judge Constitution bench of Supreme Court on Thursday held that states have the power to levy taxes on mines and mineral-bearing lands under...

Centre release 1.73 lakh crore to States towards tax devolution

Jan 10, 2025

The Union Government has released tax devolution of Rs 1,73,030 crore to State Governments today, as against the devolution of Rs 89,086 crore...