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REVENUE RECEIPTS
India's debt-to-GDP ratio moderates to 58.2% in FY26: RSIndia's debt-to-GDP ratio moderated to 58.2 percent in FY26, showing improved fiscal health. The government's interest payments have declin...
ITR filing: How Bitcoin, NFTs, airdrops, gifted crypto, and overseas wallets are taxed in India and how to report themIndia's virtual digital asset taxation remains among the world's toughest. Investors face a flat thirty percent tax on gains and one percen...
States' fiscal deficit likely to moderate to 3.4% of GSDP in FY27 as tax collections improve: ICICI BankStates' fiscal deficit is expected to moderate to 3.4 per cent of Gross State Domestic Product (GSDP) in FY27, supported by stronger tax co...
Name appearing in builder's records showing cash payment: Will you need to pay income tax for such property purchase? Here’s what ITAT saidCan the Income Tax Department tax you based only on papers found during a builder's search? A recent ITAT ruling explains when third-party ...
ITAT rules Cloudera Inc's software subscription revenue not taxable as royaltyThe ITAT has ruled that Cloudera's software subscription fees from Indian customers are not taxable in India as royalty or technical servic...
Time to score own goals: India's GCCs create world-class research, but rarely own the IP that generates future wealthIndia's innovation challenge lies in foreign ownership of research assets. Global Capability Centers generate significant revenue but do no...
Salaried employee earning Rs 68 lakh donates Rs 12 lakh to political party, claims tax deduction; I-T dept denies it; he contests but loses in ITAT AhmedabadEmployee with Rs 68 lakh salary donated Rs 12 lakh to political party for Section 80GGC tax break; ITAT Ahmedabad upholds tax dept's order ...
South Korea flags record 2027 budget of over $530 billion as AI chip boom lifts revenuesSouth Korea plans record budget spending exceeding 800 trillion won for fiscal 2027. This significant spending will be supported by stronge...
SK Hynix sinks after Nasdaq debut amid profit-taking, easing earnings optimismSK Hynix shares declined significantly in Seoul trading on Monday. This followed a strong debut for its American Depositary Receipts on Nas...
Gillco Group to invest Rs 800 crore to develop a premium residential project in MohaliGillco Group's development plan will feature 444 residences across six towers on 12 acres. Construction has commenced, with completion expe...
This is how a company tricks you into thinking it's bigger than it is in realityRevenue is not always the amount written on the invoice. The final number can change because of rebates, returns, penalties, warranties, cu...
Tamil Nadu spends too much; Bengal earns too little: A tale of two deficitsTamil Nadu and West Bengal ended 2023-24 with revenue deficits, but their fiscal challenges differ significantly. Tamil Nadu's deficit stem...
Taiwan turns shopping receipts into lottery tickets: Every receipt becomes a chance to win nearly Rs 3 cr; this 1951 idea increases tax revenue by 75%Taiwan's ingenious receipt lottery, launched in 1951, transformed tax collection by incentivizing consumers to demand official bills. This ...
Buying a home? 11 property documents every homebuyer must check before purchaseIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 1...
Fall in global crude prices brightens fiscal outlook, El Nino risks lingerEasing West Asian tensions have significantly improved India's fiscal outlook, with economists now predicting a smaller deficit than previo...
Govt fast-tracks disinvestment process to shore up revenues, garners 31% of budget aim in Q1 FY27The government is accelerating its disinvestment and asset monetisation drive, achieving 31% of its full-year target in just the first quar...
Bharti Airtel shares in focus as NBFC Airtel Money commences commercial operations after RBI nodBharti Airtel shares will be in focus after its NBFC arm, Airtel Money, commenced commercial operations following RBI approval. The develop...
Wipro shares could crash 17% on Thursday if ADR is an indicator. What’s worrying investors?Wipro shares are poised for a significant drop following a steep decline in its ADRs, fueled by investor worries about future earnings and ...
June GST collections 13.9% to ₹1.95 lakh croreIndia's GST revenue surged 13.9% to ₹1.95 lakh crore in June, driven by a significant 34.6% jump in import tax collections. While domestic ...
India's April-May fiscal deficit at ₹1.62 lakh crore, widens on-year to 9.6% of FY27 aimIndia's fiscal deficit stood at ₹1.62 lakh crore during April-May, accounting for 9.6% of the full-year budget estimate, according to gover...