cess

In a statement, the Finance Ministry also announced that the road and infrastructure cess on diesel exports will be waived for the next fortnight starting May 1. Meanwhile, the export duty on petrol will continue to remain at zero.

Small businesses and professionals under the presumptive tax scheme must now disclose investment details in their income tax returns. This new rule, introduced in ITR-4, aims to curb tax evasion by allowing authorities to compare declared income with investment patterns. Misreporting income can lead to hefty penalties, making compliance crucial.

Water fee, which was introduced from 2022, has also been increased to Rs 60.60/sqm of carpet area from Rs 50/sqm

The government has significantly increased export duties on diesel and aviation turbine fuel to prioritize domestic availability amidst West Asian tensions. Diesel export duty rose by over 150% to Rs 55.5 per litre, and ATF to Rs 42 per litre, aiming to deter exports and ensure sufficient supply within India.

Delhi's draft EV Policy 2026-2030 aims to combat air pollution by accelerating electric vehicle adoption. Key features include tax exemptions for affordable EVs, mandatory electrification of three-wheelers and government fleets, and expansion of charging infrastructure. The policy seeks to build a supportive ecosystem for clean mobility.