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DIRECT TAX COLLECTIONS INCREASE
India's net direct tax collection rises 23% to Rs 8.11 lakh crore as of August 10India's net direct tax collections grew 23.09 percent year-on-year to Rs 8.11 lakh crore. Gross direct tax collections increased 19.75 perc...- REIT, InvIT investors can benefit if trust switches income tax regime: Know how maximum effective tax rate of 34.94% under old tax regime comes down to 28.60% under new tax regimeEffective tax rate of 34.94% under old and 28.60% under new tax regime; know how REIT, InvIT unitholders can benefit if trusts' switch tax ...
- 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 ...
- Sold land for Rs 7.24 crore, paid no tax, received income tax notice; Know how Google Earth photos and revenue records helped taxpayer to win this case in ITAT AhmedabadFamily member sold his 1/3rd share of agricultural land for Rs 7.24 crore, pays no tax, tax dept sent notice, he wins case in ITAT Ahmedaba...
- Powerball jackpot rises to $905 million for August 10 drawing - Here's what Monday night's winner could take homeThe Powerball jackpot has surged to a staggering $905 million ahead of Monday's drawing, following Saturday's results which revealed no jac...
- 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...
- Where art thou? From royal silverware to rare watches, what collectors are bidding for nowAs collectors broaden their horizons beyond canvases, Glynda Alves finds that India’s auction houses are witnessing growing demand for item...
- Titan's June quarter profit surges 63% YoY, income up 40%Titan Company has shown impressive growth, reporting a staggering 63% increase in profit, largely driven by a surge in demand for jewellery...
- Billions in Trump tariff refunds go to Apple, Amazon and Nike after Supreme Court ruling—but what happened to the promised $2,000 checks for Americans?Major companies are receiving billions in tariff refunds after a Supreme Court ruling. Apple, Amazon, and Nike are among the largest benefi...
- CBIC directs CGST zones to track illegal mining, curb tax evasionCentral tax authorities are taking proactive measures by partnering with state mining departments to address the issue of illegal mineral e...
- Rs 1.33 crore cash deposit, no ITR filing, yet senior citizen wins income tax case; ITAT Bangalore explains whyRetired teacher from Mysore deposits Rs 1.33 crore cash in bank, files no ITR; tax dept issues notice; he wins case in ITAT Bangalore as ta...
- Inside the modern horological renaissance where Hublot watches marry technical audacity with decadal reliabilityModern haute horlogerie is shifting toward manufacturing autonomy, exemplified by Hublot’s in-house Unico movement, the architectural Big B...
- 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...
- Assam floods: Govt says heavy rainfall caused river surge, not Bhutan dam releaseAssam's Chief Minister has enacted a ban on street collections that lack authorization, aimed at flood relief. He mentioned that the govern...
- HC seeks govt reply on auto TDS refund pleaThe Delhi High Court has asked the government for its response on a plea. This plea seeks automatic tax deducted at source refunds for indi...
- Wife paid husband Rs 7.5 crore after selling her shares and bought his Mumbai property, filed ITR claiming 54F tax exemption, got tax notice; she fought and won the case in ITAT MumbaiWife got tax notice as she claimed Section 54F tax exemption by purchasing her husband’s own Mumbai property for Rs 7.5 crore; ITAT Mumbai ...
- Customer bought 'pure' silver but test found 80.95% purity: Consumer commision ordered Lalitha Jewellery to pay Rs 13,000 compensation; here's whyLalitha Jewellery has been ordered to refund an overcharge of Rs 104 and pay Rs 10,000 in compensation after a Warangal consumer commission...
- Disputed tax demand down Rs 16,690 cr since hike in monetary limit for filing appeals, LS toldHigher monetary limits for tax appeals have reduced disputed tax demand by about ₹16,690 crore, with over 23,000 departmental cases withdra...
- 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...
- India's Q1 FY27 fiscal deficit widens to Rs 3.1 lakh crore from Rs 2.8 lakh crore a year ago; at 18.2% of full-year targetIndia Q1 FY27 fiscal deficit: The fiscal gap was higher than the Rs 2.8 lakh crore recorded during the April-June period of the previous fi...
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