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PLI SCHEME TAX COLLECTIONS
'Copying China's manufacturing model may not pay off': Ashwini Vaishnaw hits back with ‘Cope harder’ remark, cites Rs 3 lakh crore PLI returnsUnion Minister Ashwini Vaishnaw has hit back at criticism of India's mobile phone manufacturing strategy with a blunt “Cope harder” remark....- Ashwini Vaishnaw says mobile PLI scheme generated Rs 25,000 crore in direct taxes, employs 12 lakh peopleIndia's mobile phone production-linked incentive (PLI) scheme has generated Rs 25,000 crore in direct tax collections against Rs 19,000 cro...
- Textile PLI scheme likely to be extended by four years with easier norms for MSMEsThe government plans to extend the PLI scheme for textiles for four years with easier criteria. This initiative aims to increase participat...
- 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...
- Govt seeks investor and expert views on LTCG and STT as it reviews capital market levies amid FPI exodusThe government has initiated a reassessment of long-term capital gains tax and securities transaction tax. Stakeholders, including investor...
- 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...
- Income-Tax Department nudges taxpayers with UAE and other overseas properties to disclose foreign assets under FAST-DSThe Income-Tax Department is encouraging selected taxpayers to disclose overseas assets under a new scheme. This initiative targets individ...
- CBDT receives around 1,100 applications under foreign assets disclosure schemeSince the launch of the Foreign Assets of Small Taxpayers Disclosure Scheme, approximately 1,100 taxpayers have submitted applications. The...
- Income Tax Department nudges taxpayers holding undisclosed foreign propertiesThe Income Tax Department is encouraging taxpayers to declare undisclosed foreign assets through the FAST-DS initiative. A new e-filing por...
- Rail passengers opting for 45-paise travel insurance at counters must pay digitally from Oct 27Railway passengers will need to pay for optional travel insurance through digital means starting October 27. This change follows a Supreme ...
- NPS subscribers are less swayed by short-term market movements now, says Axis Pension Fund CEO Sumit ShuklaAxis Pension Fund intends to enhance its National Pension System offerings to provide better retirement savings options. The introduction o...
- GST tribunal says airlines can claim tax refund if fare, GST returned to passengersGST Appellate Tribunal ruled that GST paid on cancelled airline tickets is refundable if conditions are met. Singapore Airlines successfull...
- Diversification plan: NMDC scouts for mining assets across four continentsNMDC is actively seeking mining assets worldwide, including critical minerals to support various industries. The company aims to earn 20 pe...
- Samsung to boost India phone exports under new incentive schemeThe South Korean electronics giant is considering expanding India production, including making fresh investments, to boost exports from her...
- 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 ...
- Best arbitrage mutual funds to invest in October 2026Arbitrage funds are taxed like equity mutual funds. This means they qualify for long term capital gains tax of 12.5% if investments are hel...
- Wipro GE HealthCare considering fifth India plant, plans to double exportsWipro GE HealthCare is evaluating options for a new manufacturing facility in India to enhance operations. The company operates four plants...
- I4C warns of rising financial fraud involving deepfake PM Modi videos, fake welfare schemes, cashback scamsThe Indian Cyber Crime Coordination Centre has warned about rising fraudulent advertisements on social media platforms. These deceptive ads...
- India's net direct tax collections rise 13.21% to Rs 13.38 lakh crore till October 14 of FY27India’s net direct tax collections rose 13.21% year-on-year to Rs 13.38 lakh crore as of October 14 in FY27, while gross collections increa...
- Centre extends bid deadline for advanced chemistry cell battery PLI scheme to November 10In a recent announcement, the Ministry of Heavy Industries confirmed the extension of the ACC Production Linked Incentive Scheme deadline t...
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