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NEW DELHI: Finance minister Nirmala Sitharaman on Wednesday rejected the criticism by states over cesses and surcharges, arguing that it was in line with the Constitutional provisions and the money collected through these levies was spent on schemes that benefited the states.While responding to the discussion on the Budget in the Lok Sabha, FM said…
Tax experts have cautioned the government against raising the income tax surcharge on high-income individuals or reintroducing a wealth tax in the Union Budget 2026-27, warning that such moves could push wealthy taxpayers to relocate to low-tax jurisdictions and hurt investment and job creation.At present, individuals earning over Rs 50 lakh are subject to a…
SRINAGAR: BJP and PDP Monday deplored the proposed plan to impose a 20 per cent surcharge on peak-hour power consumption in Jammu and Kashmir and termed it an “electoral fraud” by National Conference, prompting CM Omar Abdullah to deny having any such proposal.Kashmir Power Development Corporation Ltd (KPDCL) proposed a 20 per cent peak-hour power…
