Sugar tax: What you need to know

Sugar tax: What you need to know

Getty Images Milkshakes and lattes are expected to be included in the government’s sugar tax scheme for the first time in the UK in a renewed attempt to help tackle obesity. The sugar tax, known formally as the soft drinks industry levy (SDIL), is a tax on pre-packaged drinks such as those sold in cans … Read more

Omni bus owners stop operations to Kerala, Karnataka; cite inability to pay road tax

Omni bus owners stop operations to Kerala, Karnataka; cite inability to pay road tax

All Omni Bus Owners Association, Tamil Nadu on Sunday announced that they have stopped operating buses to Kerala and Karnataka as they were unable to bear the cost of paying road taxes in those States. Association president A. Anbalagan said that around 800 buses operated from and to these States daily and around 25,000 passengers are being affected by this move. Kerala omni … Read more

Grimsby man owed £6k council tax after £100 bill spiralled

Grimsby man owed £6k council tax after £100 bill spiralled

Vicky Johnson, Lucy Parry, Alice Evans and Gerry GeorgievaBBC Yorkshire & Lincolnshire Investigations Mike Barley Mike Barley was in hospital for a month following a motorbike accident When Mike Barley almost died in a motorbike crash on the way home from work, he did not think his biggest worry during recovery would be the council … Read more

Kalaignar TV moves Madras High Court against income tax proceedings related to 2G spectrum case

Kalaignar TV moves Madras High Court against income tax proceedings related to 2G spectrum case

Kalaignar TV office. File | Photo Credit: R. Ragu The 18-year-old alleged 2G spectrum scam has come back to haunt Kalaignar TV Private Limited, with the Income Tax (I-T) department reviving its inquiry into the receipt of ₹200 crore by the television channel during the assessment years 2009-10 and 2010-11. The Madras High Court has, … Read more

Video: Opinion | If You Fly Economy, You’re Paying for Someone Else to Fly Private

Video: Opinion | If You Fly Economy, You’re Paying for Someone Else to Fly Private

If you travel on a plane that looks like this, then you’re paying for people to travel like this. [CHORAL MUSIC] You heard that right. If you’re a member of the economy class, the seat reclined in your face class, the overhead compartment won’t close class, then you’re subsidizing this guy. “I’m actually going to … Read more

Parliamentary panel retains Income Tax Bill provisions allowing tax officials to forcibly access social media, private email

Parliamentary panel retains Income Tax Bill provisions allowing tax officials to forcibly access social media, private email

The Parliamentary Select Committee appointed to review the new Income Tax Bill 2025 proposed by the government has retained the provisions in the new Bill empowering tax officials to access, forcibly if necessary, the social media and private emails of people they are conducting search and seizure operations on.  The Income Tax Bill 2025 was … Read more

Sugar tax: Government plans to extend levy to milkshakes

Sugar tax: Government plans to extend levy to milkshakes

The sugar tax applied to fizzy drinks is set to be extended to milkshakes and other milk-based drinks under new government plans. The government is consulting on proposals to end the exemption from the tax for dairy-based drinks, as well as non-dairy substitutes such as oats or rice. Chancellor Rachel Reeves announced in her autumn … Read more

‘Shift to UAE for 183 days’: Kotak AMC MD Nilesh Shah calls out capital gains tax loophole

‘Shift to UAE for 183 days’: Kotak AMC MD Nilesh Shah calls out capital gains tax loophole

India may not levy an “exit tax” like the United States but it’s slowly opening the door to what Nilesh Shah calls “seasonal non-residency,” a growing tax arbitrage that could soon become a flood. Reacting to a Mumbai ITAT ruling that exempted ₹1.35 crore in capital gains for a Singapore-based investor under the India-Singapore tax … Read more