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TAX ADMINISTRATION
US Treasury's Bessent faces G20 diplomacy test amid tariffs, Iran war, bond turmoilUS Treasury Secretary Scott Bessent will push G20 economies to reduce trade imbalances, boost growth and cut ties with Iran at meetings in ...- GST Council to hold 57th meet on Sept 12 with ITC, simplifying the GST corporate guarantees & more on agendaThe GST Council will meet on September 12 to discuss key reforms. Proposals include easier input tax credit access for buyers and simplifie...
- In 1920s, a sedimentary basin in Texas was denounced as a 'graveyard'. 100 years later, it generates $100 billion and 800,000 jobs across AmericaWith over 43% of the nation's oil production and billions of dollars in revenue, the Permian Basin in Texas is currently the largest oil-pr...
- Untested in court, Trump's new tariffs on Canada raise legal questionsPresident Trump invoked a 96-year-old law to impose tariffs on Canadian imports. This action prompted retaliatory measures from Ottawa, str...
- GST Council's 57th meeting to be held on September 12, officers' meeting on September 11The 57th Goods and Services Tax Council meeting will convene on September 12, 2026. An Officers' Meeting will precede it on September 11 in...
- Centre appoints key officials in NTA amid NEET paper leak rowNew officials have been appointed to key National Testing Agency posts. This move follows significant concerns over the NEET exam paper lea...
- ITAT rejects tax department’s FTS, royalty claims on Spencer Stuart’s executive search feesThe income-tax tribunal ruled in favor of Spencer Stuart International BV. Executive search fees were not treated as technical services und...
- Centre appoints three officers to National Testing Agency amid NEET paper leak concernsThe Centre has appointed two directors and a joint director to the NTA. These appointments follow recent scrutiny over the NEET paper leak ...
- US attack submarine repair delays cost billions, watchdog saysUS Navy attack submarines face significant maintenance delays, costing billions over a decade. A shortage of dry-dock space has led to vess...
- Donald Trump, JD Vance to dominate midterm convention as Republicans face mounting concernsDonald Trump will headline a major Republican gathering in Dallas next month. Vice President JD Vance is scheduled to open the two-day conv...
- Ladakh cuts VAT on natural gas to 5% to boost clean energy adoptionLadakh has significantly reduced its value-added tax on natural gas. The tax on CNG and PNG has been lowered from 21 percent to just 5 perc...
- US weighs a new round of tariffs on semiconductors, says reportWashington is also mulling a phase-in period for the new tariffs and the framework could still be substantially revised in the coming weeks...
- Trump says the US doesn't need Canada. America's economy says otherwiseDespite President Donald Trump’s claim that the United States does not need Canada, both economies remain deeply interdependent. Canadian o...
- Tax notice in a deceased person's name? Don't ignore it; here's what legal heirs should doDid someone close to you leave behind unresolved tax responsibilities? Explore how heirs can address income tax notices, file overdue retur...
- US President Donald Trump, Vice President JD Vance to keynote Republicans' midterm convention in TexasRepublicans will hold their midterm convention next month in Dallas, Texas. President Donald Trump and Vice President JD Vance are schedule...
- Trump to impose 7.5 percent tariff on Chinese goods, raising the total to 20 percentThe US plans to impose a 7.5% tariff on Chinese goods soon. This move aims to restore previous duties to around 20% before a summit. Beijin...
- US moves to impose more than $100,000 fee for H-1B worker visasThe U.S. Department of Homeland Security plans to raise the H-1B visa fee to $103,265, according to a notice posted in the Federal Register...
- Bengaluru civic bodies to clean vacant plots, recover costs from owners through property taxBengaluru’s five city corporations will launch a citywide drive from Thursday to clean neglected vacant plots after low compliance from own...
- ETMarkets NRI Talk | Rupee at 96: Why NRIs should think twice before sending more money to India, says Sachin SawrikarWhile a weaker rupee means more rupees for every dollar remitted, it can also erode the dollar value of INR-denominated investments over ti...
- I-T department officials discuss roadmap for improving services for taxpayersSenior Income Tax officials met in Jaipur for a two-day conclave. They discussed improving taxpayer services and reducing litigation for th...
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