England plans tourist tax on overnight stays, with no cap on ratesVisitors staying in hotels, holiday rentals and other accommodation in England could face a tourist tax of around 5% under plans to give ma...
19 Sep, 2026, 09.17 AM IST
The right profit, the wrong story: How segment reporting can mislead investorsSegment reporting is supposed to be a window into each business a company runs. In some cases, it has become a source of dispute. Auditors ...
18 Sep, 2026, 08.11 PM IST
MDR rollout will be monitored to protect usersTax issues Levy of goods & services tax on MDR can be taken up by GST Council, ITC may be used by merchants.
18 Sep, 2026, 07.57 PM IST
Supreme Court stays Punjab and Haryana HC judgment in JAO tax notice caseMany individuals and companies had moved various high courts challenging proceedings initiated directly by JAOs. In April, the SC, while he...
18 Sep, 2026, 06.50 PM IST
India's net direct tax collections rise 13% to Rs 12.1 lakh crore till September 17 of FY27India’s net direct tax collections rose 12.96% year-on-year to Rs 12.12 lakh crore as of September 17, government data showed. Gross collec...
18 Sep, 2026, 01.51 PM IST
AI, tech to scan cargo without disrupting trade: CBIC ChairmanThe shift is aimed at moving customs enforcement from physical inspection towards intelligence-led, technology-driven risk assessment, he s...
17 Sep, 2026, 11.55 PM IST
In Silicon Valley, AI data center boom meets local resistanceIn Silicon Valley's biggest city, residents and environmental groups are organizing against a wave of proposed data center projects that of...
17 Sep, 2026, 04.44 PM IST
Reliance Industries shares gain as govt slashes windfall tax on fuel exports; stock down 21% in 2026 so farReliance Industries shares saw a gain following the government's reduction in windfall taxes on fuel exports. The duty on diesel and petrol...
17 Sep, 2026, 02.38 PM IST
Attempt to divert attention from backlash over UPI tax: Congress on govt's Parl panel claimsCongress denies supporting a parliamentary committee's report on UPI payment fees. The party accuses the government of diversion after a si...
17 Sep, 2026, 12.30 PM IST
Militants burn down farmers' houses in Manipur villageHouses were destroyed in an overnight arson attack along the Imphal-Tamenglong road. Two women were shot dead in the neighboring Tamenglong...
16 Sep, 2026, 11.23 PM IST
UPI MDR may attract 18% GST; eligible merchants can claim input tax creditEffective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4% merchant discount rate with an overall cap of Rs 3...
16 Sep, 2026, 08.14 PM IST
UPI MDR above Rs 2,000 to attract 18% GST, merchants can claim input tax creditUPI payments to merchants above two thousand rupees will attract a zero point four percent merchant discount rate. Merchants will pay eight...
16 Sep, 2026, 06.39 PM IST
No more tax wishlists? FM Sitharaman asks experts to make the case for what should goFinance Minister Nirmala Sitharaman urged tax professionals and industry bodies to move beyond demands for exemptions and rate cuts, asking...
16 Sep, 2026, 01.03 PM IST
UPI MDR bonanza: Why Paytm may win bigger, but Pine Labs could gain fasterPaytm and Pine Labs stand to benefit from the new UPI MDR framework, but the impact could differ sharply. Paytm has a larger absolute reven...
16 Sep, 2026, 11.05 AM IST
Delhi HC quashes seven ITAT orders in Patanjali case, flags 'shocking' procedural lapses and undue hasteThe Delhi High Court has quashed seven orders passed by the Income Tax Appellate Tribunal (ITAT) in a batch of cross-appeals involving Pata...
15 Sep, 2026, 04.55 PM IST
NRI woman declared Rs 43,796 income in ITR but didn’t report Rs 14 lakh interest; faced 200% penalty – how she got it reduced to 50% in ITATThe NRI woman's advocate explained that she is a 57-year-old lady with limited technological knowledge and had entrusted an accountant with...
15 Sep, 2026, 02.51 PM IST
IRS officials may visit taxpayers in Los Angeles, Miami, Dallas, New York and Chicago: Why it happens, what to expect and how to avoid scamsIRS Revenue Officers might conduct in-person visits to taxpayers who have unresolved tax debts or unfiled returns. Such visits are rare and...
14 Sep, 2026, 08.18 PM IST