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ROHINTON SIDHWA
Despite West Asia crisis, net direct tax mopup grows 15% to Rs 5.2 lakh croreIndia's direct tax collections have seen a significant rise of over 14 percent. This growth is driven by strong advance tax payments from c...- Net direct tax mop-up up 7.2% on corporate inflowsAs of March 17, direct tax collections have surged by 7.2%, totaling ₹22.80 lakh crore. This upward trend is largely fueled by impressive c...
- Net direct tax mopup rises 8.8% till January 11Despite a slower pace of tax refunds, the growth in collection was much below the budgeted 12.7% increase for the entire 2025-26. With less...
- New Income Tax Bill: Expert takesThe new Income Tax Bill 2025 modernizes India's taxation system by simplifying processes, eliminating outdated provisions, and emphasizing ...
- CBDT: No Lens on investments under old tax treatiesThe CBDT has clarified that the Principal Purpose Test (PPT) will apply prospectively, ensuring that past investments under tax treaties wi...
- India in wait & watch mode as US pulls out of global tax dealIndia remains cautious about implementing the global tax deal after the US withdrew, calling it unfair. India, a key proponent of the deal,...
- Budget 2025-26 should introduce PLI scheme for R&D to attract global innovation: DeloitteDeloitte India Partner Rohinton Sidhwa suggests that the Budget 2025-26 should introduce a PLI scheme for R&D to attract foreign companies ...
- Three-fourths of top taxpayers back Standard Audit File for Tax, Tax E-Wallet: Deloitte surveyA new Deloitte India survey reveals that most high-income taxpayers in India support the government's digital tax initiatives, such as the ...
- Majority of corporates want government to enable real-time reporting for audit: DeloitteA new survey by Deloitte India revealed that a significant majority of high-end corporate taxpayers in India are seeking enhanced technolog...
- Advance tax collection for H1 swells 22.6% to Rs 4.36 lakh croreAdvance tax collections in India increased by 22.61% to ₹4.36 lakh crore in the first half of the current financial year, indicating strong...
- Net direct tax collections likely to surpass FY24 target of Rs 19.45 lakh croreNet direct tax collections from April 1, 2023, to March 15, 2024, stood at Rs 18.95 lakh cr, up 14.05% year on year, buoyed by advance tax ...
- TCS rates codified to 20%; there’s a PLI for R&D and innovation: Rohinton Sidhwa, Deloitte IndiaDeloitte India partner Rohinton Sidhwa discusses the changes in the TCS rates imposed on foreign exchange remittances. The TCS rate has bee...
- Hotels stocks rally up to 10% on Budget booster to tourism; which ones to buy?Shares of hotel companies and travel solutions providers surged after the government announced measures in the Interim Budget for FY25 to b...
- Recognised startups not to face impact of proposed changes in income tax laws: DPIIT secretaryAnurag Jain said that companies or startups which are not recognised by DPIIT would be covered under the proposed amendments to Section 56 ...
- Gross direct tax collections up 35.46% y/y to touch Rs 6.48 lakh crore till September 8The net collection is 37.24% of the direct tax collection estimated in the budget for this fiscal year, the Central Board of Direct Taxes s...
- Sell your crypto assets by 31 March to escape new tax rulesTax experts feel the new rules have been framed to discourage investments in cryptos. “It’s a continued effort to isolate and disincentiviz...
- Biden regime may engage on equalisation levy, but India stance to remain unchanged, say expertsThe US had launched a Section 301 probe on EU, India, UK and Brazil in June to determine whether the levy discriminates against American e-...
- TDS cut to make eCommerce attractive for merchantsThe 25% cut in tax deducted at source on ecommerce participants will make ecommerce more attractive for sellers and the cut in TDS on their...
- Direct tax collections post a shortfall of 12.2%Direct tax collections declined to Rs 10.27 lakh crore in the year ended March 31, falling 12.2% short of target, people familiar with the ...
- Govt steps helping India to inch up its ease of doing business ranking: Commerce MinistryIndia has improved its rank by 79 positions in last five years (2014-19). India has improved its rank in 7 out of 10 indicators, and has mo...
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