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REVENUE RECEIPTS VS CAPITAL RECEIPTS
Electricity subsidy for existing businesses is taxable, Supreme Court rulesThe Supreme Court recently ruled that electricity subsidies granted under the Income Tax Act are subject to taxation as revenue receipts. T...- ChatGPT retains AI lead, Claude climbs to third spot on web with nearly 1 billion monthly visits: Andreessen HorowitzIn its Top 100 Consumer AI Apps ranking, a16z noted that Gemini and Claude remain neck and neck in paid subscribers, even after Google migr...
- Got a high-deductible plan? How to maximize your $4,400 HSA limit and unlock 3 tax advantages in 2026Health savings accounts (HSA), offer three significant tax advantages for qualified expenses related to medical care. Individuals can contr...
- Bengal, count plants, not promises: The real test of its industrial comebackIn a bid to enhance industrial investment in West Bengal, finance minister Swapan Dasgupta plans to overhaul outdated land use regulations....
- Blockbuster Accenture show holds out hope for battered Indian ITAccenture's latest financial performance has sparked renewed optimism among investors in the Indian IT sector. The strong results hint at a...
- Bonded warehouses may face 24-hour discrepancy reporting, five-year digital records under proposed customs overhaulThe government is considering tighter compliance rules for bonded warehouses, including a 24-hour deadline to electronically report shortag...
- Self-employed? An S-Corp election could slash your self-employment taxes in 2026, and here's what smart business owners are doing todayFor self-employed owners, the biggest 2026 tax decision may not be another deduction. It could be how the business is structured. An S-Corp...
- Temple trust in Mathura to use computerised machine to test purity of metal donationsSri Krishna Janmasthan Sewa Sansthan will use a computerized machine to check metal donation purity starting from Navratri. This machine ca...
- NRI child sending money to parents in India: Why a tax-free gift can still trigger an income-tax noticeParents receiving money from their NRI children in India may enjoy tax exemptions on gifts, but large transactions can attract scrutiny fro...
- India growth may slow to 5.5-6% in H2FY27 as capex moderates: ReportIndia's economic growth is projected to slow to 5.5-6% in the second half of 2026-27. This slowdown follows a robust growth of 7-7.5% in th...
- Tax audit deadline extended: Key checks taxpayers should make before filing income tax returnThe CBDT has announced an extension for tax audit and ITR filing deadlines for Assessment Year 2026-27. Taxpayers must now file their retur...
- Ohio minimum wage to rise 3.5% to $11.40 in 2027; Walmart, Olive Garden among brands facing new wage ruleOhio's minimum wage for non-tipped employees will increase to $11.40 per hour from January 1, 2027. Tipped employees will see their minimum...
- Fiscal path hinges on direct taxes as customs, excise revenues face pressure: ReportIndia's fiscal trajectory will increasingly depend on the strength of direct tax collections due to lower customs duties. Indirect tax reve...
- April-August fiscal gap widens to ₹7.1 lakh crore on higher capex, subsidy outgoThe Centre’s fiscal deficit rose to ₹7.1 lakh crore, or 41.9% of the FY27 target, by August, up from ₹6 lakh crore a year earlier, official...
- Shiva Cement to merge with JSW Cement; board approves 5:41 swap ratioThe board of JSW Cement has approved a scheme of arrangement, including the amalgamation of Shiva Cement with and into JSW Cement, the comp...
- India’s external financial health improves marginally in Q1 FY27 amid global headwindsIndia’s external financial position improved marginally in Q1 FY27, RBI data showed. External debt rose $15.4 billion to $778.2 billion, wh...
- India's fiscal deficit for April-August at Rs 7.10 lakh crore, widens to 41.9% of FY27 aimAs FY27 progresses, India's fiscal deficit climbed to an alarming Rs 7.10 lakh crore within the first five months, representing 41.9% of th...
- Panel proposes raising RBI's ways and means advances corpus by 11.2% to Rs 67,839 croreThe panel has also recommended an annual review of the WMA corpus capping annual upward revision at 4%. The extent of upward revision could...
- Max Estates to form JV for Rs 3,000 cr housing project in GhaziabadMax Estates Ltd has unveiled an exciting partnership aimed at creating a new housing complex in Ghaziabad. Spanning an expansive 9.76 acres...
- Tenant received Rs 1.38 crore worth of flats for surrendering tenancy rights for society's redevelopment, he received income tax notice; Know how he won the case in ITAT MumbaiTenant receives Rs 1.38 crore permanent alternate accommodation, gets Section 56(2)(x) tax notice; ITAT Mumbai gives relief; know why. This...
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