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REVENUE FORGONE
When AI runs the firm, who pays tax?The rise of artificial intelligence is reshaping our governance and taxation landscape. With AI systems becoming increasingly self-sufficie...19 Apr, 2026, 11.12 PM IST- Duty relief to SEZs allows limited domestic sales without diluting export focus: ExpertsThis move aims to support units facing weak global demand. Experts believe this offers a cushion for capacity utilisation and revenue. Sect...06 Apr, 2026, 11.11 AM IST
- Corporate tax revenue foregone at Rs 99,000 crore in FY24: MoS FinanceThe government faced an estimated revenue loss of Rs 99,000 crore in fiscal year 2023-24 due to corporate tax incentives, according to Mini...22 Jul, 2025, 03.01 PM IST
- Budget 2023: How much India stands to lose after income tax, indirect duty tweaksUnion Budget 2023: The Budget today proposed to make new income tax regime the default option. Basic exemption limit from next fiscal year ...01 Feb, 2023, 01.38 PM IST
- The risk of the fiscal that fuel cuts bringThe revenue forgone on duty reductions on petrol and diesel is expected to be in excess of ₹1 lakh crore for the fiscal year. Add to this a...24 May, 2022, 11.23 PM IST
- Higher oil prices, GST may boost states revenue by Rs 37,400 crore in FY19States are likely to gain an additional Rs 37,426 cr in revenue in the current fiscal on the back of surge in oil prices & better tax colle...15 Jun, 2018, 03.44 PM IST
- Centre made Rs 1.99 lakh crore from levies on petrol, diesel in 2015-16Excise revenue from petroleum products, which made up for 52% of collections in 2013-14, went up to almost 69% during 2015-16.16 Mar, 2017, 11.50 AM IST
- Excise exemptions caused revenue loss of Rs 1.84 lakh crore in FY15This was the first time in five years that the amount forgone was less than the central excise tax figure at Rs 1,89,038 crore, a CAG repor...11 Mar, 2016, 11.23 PM IST
- Revenue forgone on tax sops to corporates at Rs 1.03 lakh crore in FY14Revenue forgone due to incentives and tax exemptions to corporates increased by over 10 per cent to Rs 1.03 lakh crore in 2013-14 from a ye...09 Dec, 2014, 04.58 PM IST
- Receipts Budget chapter on revenue forgone serves only to misleadA particular tax break encourages a desirable income-enhancing activity, the tax proceeds of which are not take into account for computing ...15 Feb, 2013, 05.00 AM IST
- Area and sector-specific tax sops spur investment, so counting these as revenue forgone is wrongThe recent increase in petrol prices has expectedly created a raging storm.Hence, our focus in this piece is to debunk the long-standing my...07 Jun, 2012, 09.57 AM IST
- Govt will stick to fiscal deficit target: Pranab MukherjeeHowever, the Finance Minister said, the fiscal deficit would ultimately depend on final analysis based on revenue receipt and expenditure.05 Jul, 2011, 01.38 PM IST
- Budget 2011: Govt revenue loss on tax sops to STPIs likely to go up 21%The Centre expects its revenue loss on account of tax sops to export oriented units under STPI scheme to go up by over 21% to Rs 11,501 cr.01 Mar, 2011, 03.22 PM IST
- Home loan tax break limit may be raisedGovt is considering a proposal to hike income-tax exemption available for interest payment on home loans to Rs 2.5 lakh a year. Tax deducti...15 Jun, 2009, 08.00 AM IST
- Govt to forego Rs 5,000 cr more from booster plansThe tab for the exchequer on various export incentives schemes is estimated at about Rs 35,000 crore for the current financial year.01 Sep, 2004, 12.55 AM IST
- Sops to cost North Block Rs 33,000 crThe finance ministry is set to forgo revenues of around Rs 33,000 crore in 2003-04 on account of incentives given to exporters under variou...01 Apr, 2003, 01.41 AM IST
- New sops bill: Rs 1,000 croreTHE additional revenue loss, mostly notional, due to the changes announced in the export promotion schemes in the Exim policy is estimated ...01 Apr, 2002, 01.15 AM IST
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