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13 Jul 2016

States likely to get more powers on levying professional tax

The states are likley to receive more powers in their hands in order to decide the ceiling on the professional tax

09 Mar 2015

Bihar, Assam, Tripura may lose share in central taxes

States like Bihar, Assam, Tripura and Uttarakhand may witness decline in their share in union taxes, following implementation of recommendations of the Fourteenth Finance Commission (FFC) though the constitutional body has raised the overall share of states by 10 percent to 42 percent.

24 Feb 2015

Finance Commission suggests higher share to states in central taxes

The Finance Commission has suggested raising share of states in central taxes to 42 percent from current 32 percent.

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