Amaravati, May 18 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu on Sunday urged the Centre to review the revised taxes and excise duties to protect the interest of tobacco farmers and also sought measures to help crisis-hit aqua farmers. The Chief Minister has written separate letters to Union Finance Minister Nirmala Sitharaman and Minister for Commerce & Industry Piyush Goyal regarding the issues faced by tobacco farmers in the state.Chandrababu Naidu highlighted the difficulti…
Latest National Calamity Contingent Duty News & Updates
New Delhi, Feb 1 (IANS) Union Finance Minister Nirmala Sitharaman on Sunday announced in Union Budget 2026-27 that select outward remittances will get cheaper with Tax Collected at Source (TCS) on overseas tour packages and education and medical remittances cut to 2 per cent.Earlier, overseas tour packages used to attract TCS at 5–20 per cent, while overseas education and medical remittances (LRS) were taxed 5 per cent at source.The Budget 2026-27 cuts or exempts basic customs duties (BCD) and…