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INDIA TAX DEPARTMENT
IDBI Bank sale row: Finance Ministry defends valuation process, says reserve price was not changedThe finance ministry has defended the valuation process used in the IDBI Bank stake sale, saying the methodology and bidding procedure were...30 Oct, 2026, 07.15 AM IST- Who guards India’s digital gatekeepers?India has built effective digital systems that facilitate money transfer and identity verification across its diverse population. However, ...29 Oct, 2026, 03.40 PM IST
- Abolish LTCG, rationalise STCG, STT rates on equities: PHDCCI to Finance MinistryPHDCCI has recommended abolishing Long Term Capital Gains tax and modifying short-term capital gains taxes. The chamber suggests increasing...29 Oct, 2026, 03.17 PM IST
- India is addressing Wall Street’s favourite ‘elephant’ in the room to its own advantageThe Indian government has identified 762 potential applications of artificial intelligence across 62 ministries and departments, spanning f...29 Oct, 2026, 12.51 PM IST
- Tractor demand drying to likely 3-year low at arid farmsTractor sales are projected to fall by up to 10% year-on-year, while vehicle dealers in some markets are also seeing sharp declines in sale...29 Oct, 2026, 06.07 AM IST
- Indians working in UK: Per diem paid by Indian company may be tax-free in India if these conditions are metIndians working in the UK may receive per diem payments from their Indian employers. However, these payments are generally taxable in the U...29 Oct, 2026, 05.46 AM IST
- Own property in UAE? Income Tax Department nudges taxpayers to declare undisclosed assets under FAST-DS 2026, know who needs to act and what they can doUAE property owners have received communication from the income tax department regarding undisclosed assets. Taxpayers are prompted to asse...29 Oct, 2026, 05.17 AM IST
- GST registration gets easier as CBIC drops Udyam proof, sets seven-day limit for approvalsThe Central Board of Indirect Taxes and Customs has issued clarifications regarding GST registration requirements for businesses. Companies...27 Oct, 2026, 11.32 PM IST
- Tax officials visit Radico Khaitan offices and plant amid probe into bulk Scotch imports under India-UK pactTax officials from the Directorate of Revenue Intelligence have visited offices and a manufacturing facility of Radico Khaitan. These actio...27 Oct, 2026, 09.26 PM IST
- Leaving Microsoft with a buyout? US employees have 3 main 401(k) options; what happens if they make one mistake that could trigger taxes?The technology giant announced a new, time-limited Voluntary Exit offer for eligible employees in participation teams in the US, UK, Canada...27 Oct, 2026, 06.16 PM IST
- Mazagon Dock Q2: All you need to know about PSU shipbuilder's July-September businessFor Mazagon Dock, revenue from operations fell 16.5% year-on-year to Rs 2,446 crore from Rs 2,929 crore in the year-ago quarter. On a seque...27 Oct, 2026, 05.38 PM IST
- Mazagon Dock Shipbuilders shares crash 10% after Q2 net profit tumbles 54%; firm declares Rs 5/share dividendMazagon Dock Shipbuilders shares plunged 10% after the state-owned company reported a 54% year-on-year decline in Q2 FY27 net profit to Rs ...27 Oct, 2026, 04.43 PM IST
- Centre working on integrated tax framework for textile sector to ease duty burden on raw materials and machineryAn integrated tax framework for India's textile sector is being developed to improve competitiveness in global markets. This framework will...27 Oct, 2026, 07.54 AM IST
- Supreme Court agrees to examine EY US plea in tax disputeA bench led by Justice PS Narsimha sought a response from the income tax department on appeals filed by Ernst & Young US LLP challenging a ...27 Oct, 2026, 12.56 AM IST
- I-T likely to send notices over undisclosed foreign propertyThe Income-Tax Department will send notices to resident Indians regarding undisclosed foreign properties. Information was obtained through ...23 Oct, 2026, 12.24 AM IST
- India probing Pernod, Diageo Scotch imports under India-UK trade pact, sources sayIndian tax officials are investigating Pernod Ricard and Diageo for how they classified bulk Scotch imports. These companies may have impro...19 Oct, 2026, 07.23 PM IST
- Rs 3.41 crore in FCNR deposits tagged as unexplained money despite being held by Dubai-based individual; ITAT Jaipur grants full reliefMrs. Khanwani, a Dubai resident, faced tax notices for unexplained money linked to her FCNR deposits. The ITAT Jaipur ruled in her favor, h...17 Oct, 2026, 10.41 AM IST
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