taxation

The Punjab Subordinate Services Selection Board (PSSSB) released the answer key for the Excise and taxation Inspector recruitment examination 2026 on June 1, 2026. Candidates can download the key from the official website to assess their performance for the 197 vacancies. The board will review objections before releasing the final answer key and results.

Finance minister Nirmala Sitharaman expressed openness to investor concerns regarding capital gains tax, assuring that the government will consider stakeholder suggestions. She also defended recent fuel price hikes, attributing them to global crude oil costs and highlighting the government's prior absorption of excise duties.

The Punjab Subordinate Services Selection Board has released the Excise Inspector Admit Card 2026 for Group C posts. Candidates can download their hall tickets from the official website. The examination is scheduled for May 31 in offline mode, with two shifts. Applicants must carry their admit card and valid ID proof to the center.

California is considering a 5% tax on billionaires' wealth. Proponents expect significant revenue for public services. Opponents fear wealthy individuals will leave the state. A study suggests revenue gains would outweigh losses for decades. The proposal will be on the November 2026 ballot. Legal and economic challenges are also anticipated.

In a landmark decision, the Income Tax Appellate Tribunal has overturned an erroneous denial of TDS credit to a taxpayer whose earnings were captured through Form 26AS. The tribunal asserted that acknowledging TDS credits is an essential step in preventing the injustice of double taxation.

Technological advancements like AI and blockchain are transforming the chartered accountant profession, pushing CAs towards higher-value advisory roles. Data literacy is becoming as crucial as technical accounting knowledge. The ICAI, now the world's second-largest accounting body, is expanding its reach, with demand for the CA course and placement opportunities on the rise.

Every crisis reminds us that markets can swing like a pendulum between greed and fear. Fixed income offers comfort in those phases and does its job as a stabiliser.

Analysts are bullish on Reliance Industries, citing strong refining and petchem performance, with new energy businesses a future catalyst. Lenskart receives an outperform rating, poised for growth in India's eyewear market. BEML's order book offers visibility despite recent EBITDA pressure. ITC faces a significant tax hike on cigarettes, impacting near-term earnings and market share.

Uttar Pradesh STF arrested two B.Com graduates in Delhi for creating a network of bogus firms that facilitated fraudulent Input Tax Credit claims. The accused allegedly generated fake GST transactions and invoices, causing crores in revenue loss to the government. This operation is part of a larger interstate syndicate investigation.

Retirees can also choose structured, market-linked payouts to better manage longevity risk

The NCP (Sharadchandra Pawar) has slammed the BJP's fuel conservation efforts as mere "publicity" and questioned the Centre's pricing policy. The party argues that symbolic austerity measures won't lower prices, while citizens bear the brunt of rising fuel costs and oil company profits remain high. They demand an all-party meeting on energy security.

Neighbouring Andhra Pradesh has an even more layered structure, according to data from the Petroleum Planning & Analysis Cell

At a time of global economic turmoil, why are some global markets like the US, Taiwan and South Korea rallying? Why has the Indian stock market slipped from record highs, giving negative returns over the last few quarters?