“A government that robs Peter to pay Paul can always depend on the support of Paul.” — G.B. Shaw History suggests that high and accelerating debt levels are common during wars. Covi...

Eveready Industries has reported a 205 per cent rise in profit before tax and exceptional items in the fourth quarter on the back of an expansion in the gross margin. The maker of battery, flashlight...

Beer manufacturers have called for a delinking of the beverage from liquor which has greater alcohol content along with a centralised taxation policy. This comes in the wake of states pushing up tax r...

The group of ministers appointed by the GST Council has recommended two GST slabs for under-construction houses — 5 per cent for normal flats and houses and a reduced rate of 3 per cent for “affor...

Holding tax defaulters in the city for the financial year 2020-21 will now have to pay it along with a 14 per cent fine. The fine applies to at least 1,200 home owners who failed to pay the tax within...

Finance minister Arun Jaitley on Monday said the government could look at merging the 12 per cent and 18 per cent slabs in the GST structure and taking cement off the top bracket of 28 per cent.In a b...

Tea growers have sought a review of the budget proposal to tax cash withdrawal in excess of Rs 1 crore from a bank account as it would hurt their operations in remote areas. The Indian Tea Association...

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The Union budget proposal to levy a 2 per cent tax at source if annual cash withdrawals exceed Rs 1 crore has come as a blow to north Bengal’s ailing tea industry as most gardens disburse wages in c...

The Supreme Court on Friday stayed two orders passed by the Kerala and Allahabad High Courts that had restrained the Centre and state governments from initiating tax recovery proceedings till April 6 ...