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CORPORATE TAX COLLECTIONS INDIA
- Mines Act update proposes to curb states' tax powers
The Centre has proposed limiting states’ powers to impose taxes, cess and other levies on mineral rights and mineral-bearing land, seeking ...
Finance panel calls for AI checks for tax refundsA parliamentary committee has identified a concerning surge in income tax refunds that are taking too long to process. To expedite genuine ...
Good news for investors: No income tax on dividends received from REITs and InvITs in this case, Lok Sabha passes the bill; Check the detailsThe Lok Sabha passed a bill amending tax laws on August 6, 2026. This amendment benefits REIT and InvIT investors by exempting dividend inc...
REITs set to gain tax flexibility, cash flow boost under new BillIndian REITs could gain greater tax flexibility under the Taxation and Other Laws (Amendment) Bill, 2026, which allows SPVs to opt for conc...
Absolute volume of business compliances remains major friction point for firms: Stakeholders to Parliamentary PanelDomestic enterprises face significant compliance burdens despite central deregulation efforts. Overlapping rules inflate operational costs ...
Independence Day 2026: When the British built a 4,000-km wall across India to extort taxBritish authorities constructed an enormous hedge across India to enforce a salt tax. This living barrier aimed to prevent smuggling of che...
6 reasons you may get income tax notice even after meeting July 31 ITR filing deadlineFiling your income tax returns punctually doesn't guarantee immunity from tax department notices. Often, discrepancies arise between report...
Tamil Nadu Assembly passes resolution batting for 'fair tax devolution' from CentreThe Tamil Nadu Assembly unanimously passed a resolution seeking fair tax devolution. This resolution aligns with constitutional principles ...
FPIs, trading companies tap Sebi, centre for tax breatherInvestors from abroad are pressing regulators for a decrease in securities transaction taxes to alleviate the burden of double capital gain...
F&O de-addiction? Options volumes crash over 50% in FY26 after Sebi's strict rulesOptions trading volumes in India dropped 51% in FY26 after Sebi tightened derivatives rules to curb retail speculation. Higher contract siz...
NPS for NRIs: Who can invest, tax benefits, eligibility, withdrawal rules explainedNon-Resident Indians have the opportunity to secure their retirement through investment in the National Pension System (NPS). This program ...
Household savings rise to 21.7% of GDP in FY25: GovtHousehold savings increased to 21.7 percent of GDP in 2024-25. Government and RBI measures aim to boost incomes and financial security. RBI...
HSBC India profit rises 4% to $965 million in H1 2026, corporate and institutional banking drives growthHSBC India's profit before tax rose four percent in the first half of 2026. Higher revenue from corporate and institutional banking fueled ...
Taxation laws amendment bill tabled in Lok Sabha: What the new tax bill changes for foreign investorsFinance Minister Nirmala Sitharaman introduced the Taxation and Other Laws (Amendment) Bill, 2026, proposing simpler rules for offshore inv...
Man, who refused US job offer earlier, pays over Rs 1 crore income tax, says 'I'm earning for someone else'; sparks debateA man's Rs 1.14 crore income tax payment sparked debate on taxpayer value in India. He chose to stay in India despite overseas job offers t...
GST collections stay on track, rise 15% in JulyIndia's July GST collections surpassed ₹2.11 lakh crore, showing a 15.4% year-on-year increase. Import GST surged significantly, contributi...
India's gross GST collections rise 15.4% to Rs 2.11 lakh crore in JulyIndia's GST collections reached Rs 2.11 lakh crore in July 2026, reflecting a 15.4% growth year-on-year. The surge in revenue was largely d...