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INDIA DIRECT TAX COLLECTIONS
India's net direct tax mopup rises 11.76%India's net direct tax collections have risen 11.76% year-on-year to ₹14.42 lakh crore as of November 10. This growth is largely due to inc...- India's net direct tax collections rise 11.8% to Rs 14.42 lakh crore from April 1 to Nov 10India's net direct tax collections recorded an increase of 11.76% to reach Rs 14.42 lakh crore. Gross direct tax collections rose by 14.02%...
- Capital gains on debt funds and bonds updated: What are changes for Tax Year 2026?For many investors, debt products like debt mutual funds, debentures, listed and unlisted bonds, market linked debentures still hold utmost...
- Jailer 2 OTT release date and platform: When and where to watch Rajinikanth's Tamil top grosser movie online. Check language versions and runtimeRajinikanth’s Jailer 2 is set to stream on OTT from November 12, 2026. Directed by Nelson Dilipkumar, the film has a runtime of 2 hours and...
- Scene box office collection day 5: Suriya's Diwali release dominates Tamil box office, inches towards Rs 200 crore worldwideSuriya's latest blockbuster, Scene, hit theaters on November 6 and has already captured audiences with its box office success, raking in Rs...
- Cement trader deposits Rs 14.74 lakh during demonetisation, gets tax notice over Rs 5.72 lakh unexplained cash; wins case in ITAT CuttackMr. Patra, a cement trader from Balasore, encountered problems with the Income Tax Department over cash deposits that were deemed unexplain...
- India risks losing tax revenue by delaying global minimum tax rolloutIndia’s delay in implementing the OECD-G20 global minimum tax framework, known as Pillar Two, could mean losing tax revenue to other countr...
- Scene box office collection day 2: Suriya scores third hit in a row in 2026, film mints Rs 80 crore worldwideSuriya's latest film Scene has collected over Rs 80 crore globally in its first two days. It opened on a strong note at the box office. The...
- Rs 48 lakh in cash received from the sale of two properties, paid capital gains tax but received an income tax notice; taxpayer wins the case in ITAT Cuttack for this reasonMr. Purushottam residing in Kabisurya Nagar, encountered a penalty for accepting cash payments linked to his property sales. He sold two pr...
- Ramayana box office collection day 2: Ranbir Kapoor, Yash-starrer beats Adipurush, enters Rs 200 crore club worldiwdeThe highly anticipated film Ramayana, directed by Nitesh Tiwari, debuted globally on November 5, 2026. Following its opening day, earnings ...
- Scene box office collection: Suriya, Nazriya, Naslen's Tamil movie opens strong amid Ramayana releaseSuriya's eagerly awaited film Scene, directed by Jithu Madhavan, hit the screens on November 6, 2026, coinciding with the Diwali festivitie...
- Rs 8.02 lakh leave encashment tax exemption denied: Retired employee wins case in ITAT SuratRetiree Mr. Patel from Bharuch, Gujarat, sought a complete tax exemption on Rs 8.02 lakh of leave encashment. Initially, his company certif...
- Farmer bought land at less than stamp duty value, got income tax notice; How DVO report helped him win Rs 18.24 lakh tax dispute in ITAT SuratMr. Desai, encountered difficulties with the Income Tax Department after purchasing land for a price less than the stamp duty value. The In...
- Tax reporting lapses could risk India's sovereign rating, trigger withholding tax penalties: Income Tax Principal DG Debjyoti DasSpeaking to the media on the sidelines of the 'Summit on Global Financial Compliance (FATCA & CRS)' in Mumbai, Debjyoti Das, Principal Dire...
- Budget 2027–28: ASSOCHAM calls for tax reforms to boost investment, manufacturing, ease of doing business and tax certaintyASSOCHAM has called for a series of Direct and Indirect Tax reforms in the Union Budget 2027–28 to boost investment, strengthen domestic ma...
- Son gets income tax notice for Rs 33.23 lakh in property investment and cash; he gets relief in ITAT Jaipur for this reasonMother sold 642 grams gold jewellery, gifts the amount to son via notarised gift deed, son buys property and deposits cash in bank but gets...
- Cancelled flight ticket? GSTAT says airlines can refund GST to passengers and claim it back from the governmentTaxpayer wins GST refund denial case after depositing GST on airline ticket with the govt and later refunding the GST back to passengers du...
- Rap the app & knock on Nasdaq's doorIndian retail investors can now step into the US stock market using various innovative online platforms. Investment apps like Groww and Zer...
- Government notifies new airfare rules, allows intervention in extraordinary situationsThe government has notified new rules allowing it to intervene in airline ticket prices in extraordinary situations and in the public inter...
- India likely to meet FY27 fiscal deficit target despite spending pressures: Goldman SachsThe Centre appears on track to meet the fiscal deficit target set for FY27. Strong corporate tax collections are offsetting some revenue pr...
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