Current Affairs

General Studies Prelims

General Studies (Mains)

Tax Revenue

Tax revenue is the income collected by the government from individuals and businesses. It funds public services and infrastructure. This revenue is crucial for economic stability. It supports education, healthcare, and welfare programmes. In India, tax revenue is governed by laws and regulations. The Constitution outlines the powers of taxation. Effective tax collection is vital for national development and growth.

Supreme Court’s Ruling on Telcos’ License Fee Taxation

In a recent legal verdict, the Supreme Court of India has made a decisive ruling on how telecom...

 October 19, 2023

Remission of Duties or Taxes on Export Products (RoDTEP) Scheme

The Government has extended the benefits of the Remission of Duties or Taxes on Export Products (RoDTEP) scheme...

 September 28, 2023

Angel Tax

The 2023 Finance Bill has proposed to include non-resident investors in unlisted companies under the Income Tax Act's...

 February 6, 2023

Tax & Budget Concepts

A tax is a compulsory payment levied on the persons or companies by the State to meet the...

 December 13, 2022

Public Revenue

Government performs various functions in the field of political, social and economic activities with a view to increasing...

 December 13, 2022

Tax Information Network (TIN)

Tax Information Network (TIN) is an initiative by Income Tax Department of India (ITD) for the modernisation of...

 December 12, 2022

Direct Taxes Code (DTC)

The Direct Taxes Code Bill, 2010 introduced in Parliament, seeks to consolidate and amend the laws relating to...

 December 12, 2022

Value Added Tax (Vat)

VAT is a multi-point destination based system of taxation, with tax being levied on value addition at each...

 December 12, 2022

Goods and Services Tax Council (GSTC)

Goods and Services Tax Council (GSTC) has been constituted with effect from 12th September, 201 6 with effect...

 December 12, 2022

Wealth tax

Wealth tax which is also known as capital tax is a tax on a company's assets. This includes...

 November 2, 2021

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