Taxation

Context: Supreme Court in a judgement held that a state legislature has the right to impose tax on lotteries conducted by other […]

Facts: The tax department has conducted a record level of searches in the current fiscal year and found an undisclosed

Context: The agreement to pay compensation for the loss of revenue was for a period of five years, which will

Vision behind GST: GST was launched in July,2017 with the vision of  “one nation one tax”. It was expected to improve

Why India’s Tax Policy is pro-rich? Replacing the wealth tax with an income tax for households that earned more than

Context: Government has decided to scrap retrospective taxation. Adverse decision of International Arbitration Court in Cairn case. Appeal by Indian

Issues existing with GST Non-expanding tax base: The tax base of GST does not appear to be expanding. The Tax to

Government dependence on Petro Taxes: Central revenue from taxing petroleum products has multiplied more than five-fold in last seven years.

Current Tax sharing structure between Centre and State: In India, direct taxes are collected entirely by the Central government. State governments get

Utility: Direct question can be asked on this issue. Also, it can be quoted in answers related to India-US relations,