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How to evade tax with simple locations ? Gujarat's Bus Tax Evasion Scheme 💀: A 1,000-Character Exposé In a startling revelation, Gujarat's private bus industry is exploiting a tax loophole: • Over 1,400 buses registered in Arunachal Pradesh and N

I know that Delhi, Maharashtra and Karnataka account for much of India’s income tax collections. But, the fact that Delhi’s direct tax to GDP ratio is as much as 21%, while for Bihar it’s 0.9% - That is staggering! 🤯🤯 Came across this fantastic H

In the financial year 2025, the direct tax revenue has hit an impressive ₹16.9 lakh crore! Here’s the breakdown: - Personal tax contributes ₹8.7 lakh crore - Corporate tax is at an astounding ₹27.7 lakh crore - Securities transaction tax stands at ₹

Haryana's impressive GST collection of ₹14,057 crore in April, placing it 4th nationwide, reflects the state's growing economic strength and efficient tax administration. This achievement shows how transparent governance and tech-driven systems can s

💸25 Basic terms you should know before watching Budget 2025 on Feb 1 Finance Minister Nirmala Sitharaman is preparing to present the Union Budget 2025, marking the second full budget of Prime Minister Narendra Modi’s government in its third term, a

Higher IGST revenue often indicates a state is a manufacturing and exporting hub (e.g., Maharashtra, Karnataka, Rajasthan). Conversely, higher SGST revenue can suggest a state with strong consumer and retail activity (e.g., Gujarat, Tamil Nadu, UP)

**Tax Revenue Hits Record Highs** 📈 The government’s net direct tax collection, post-refunds, surged 15.4% to ₹12.3 lakh crore between April and November 10, 2024. Gross collections also saw a robust 21.2% increase, reaching ₹15.02 lakh crore. 💰

The Central Board of Direct Taxes (CBDT) has specified that no tax deduction at source (TDS) under Section 194Q of the Income Tax Act, 1961, will be required for purchases made from units of International Financial Services Centres (IFSC), provided b