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RETROSPECTIVE TAX CASE
CII president R Mukundan projects 7% growth for India, seeks GST Council-like body to drive reformsIndia's economy is projected to grow around 7% this fiscal year, with most businesses finding growth avenues despite global cost pressures....- Retired employee claims tax exemption on Rs 19 lakh leave encashment; I-T dept issues notice and caps it at Rs 3 lakh; ITAT Chennai grants him full reliefWhen Mr Balasubramanian Venkatachalaperumal from Jagadamal Street retired from ONGC in FY 2019-20, he got Rs 19.05 lakh as leave encashment...
- Five reforms India needs before the next shockIndia faces economic vulnerabilities from external crises. Five reforms are proposed to build resilience. These include reducing gold and c...
- Online gaming money tax dispute: GST to be charged on full value of the deposit, rules Supreme Court, know how it impacts the playersThe Supreme Court has settled India's online gaming tax dispute. GST will now be charged on the full value of player deposits, not just the...
- More the retro, less the going forwardRecent developments have cast a shadow over government telecom spectrum charges imposed over ten years ago, now being questioned in light o...
- FPI inflows into FAR securities rise by Rs 8,795 cr after govt tax exemption moveForeign investors are pouring money into Indian government bonds. This follows a tax exemption on interest and capital gains for investment...
- SC GST ruling on online gaming may cast wider tax net over casinos, horse racingA recent Supreme Court judgment clarifies that the GST valuation framework applies broadly to all betting and gambling activities, not just...
- Will we K-Pop (desi remix)? How India can turn Tata, Adani, Reliance into global titansForeign companies are exiting India for various reasons, from business failures to global strategy shifts. India aims to build national cha...
- Tax ruling can set off a game of thorns for gaming company directorsIndia's money gaming firms are worried about directors facing tax demands. A Supreme Court ruling upheld a 28% GST on bets. This could mean...
- RMG cos reel from GST ruling; new-age firms’ costly rideHappy Friday! The Supreme Court’s latest GST ruling is the final blow for real-money gaming platforms after last year’s ban. This and more ...
- RBI must let rupee depreciate; use liquidity tools, not rate hikes, to curtail inflation: Duvvuri SubbaraoFormer RBI Governor Duvvuri Subbarao has advised the RBI to allow some rupee depreciation to counter external pressures. He has suggested u...
- Byju gets jail term; SC backs 28% gaming GSTLegal troubles compounded for Byju Raveendran as a Singapore court sentenced him to six months in jail. This and more in today’s ETtech Top...
- SC order turns up tax heat on old benami transactionsThe Supreme Court has ruled that tax authorities can retroactively apply the benami law to confiscate assets from transactions predating 20...
- ITR assessment rules change from April 2026: Four key amendments explainedFour key changes to Income Tax Return (ITR) assessment rules will be effective from April 2026 for Tax Year 2026-27. These amendments, intr...
- Property tax overhaul in NDMC: What the new Unit Area System means for youThe New Delhi Municipal Council is adopting a new property tax system. This move to the Unit Area Method will bring fairness and predictabi...
- India shields pre-2017 foreign investment gains from strict tax rulesThis would allay fears of retrospective taxation, a longstanding concern for global investors, and reinforce India's image as a transparent...
- Cairn Energy withdraws all litigations in retrospective tax caseCairn Energy “has entered into the final stage in its undertakings with the Government of India by withdrawing Indian and global appellate ...
- The tipping point: What spurred India's reversal of retro taxThe Lok Sabha has passed the Taxation Laws (Amendment) Bill, which proposes to scrap the retrospective application of the 2012 amendment to...
- Scheme to settle tax disputes extended till January 31: CBDTThe scheme, opened on June 1, provides for waiving interest and penalties if the principal amount involved in retrospective tax cases is pa...
- FM leaves proposal to tax Vodafone-type deals untouchedMukherjee held firm on amending the I-T Act with retrospective effect to tax capital gains on sale of assets in India through indirect tran...
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