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TAX COLLECTIONS INDIA
India’s budget math brightens with asset sales target in sightIndia's fiscal position has improved significantly from earlier concerns. The government is set to exceed its asset sale target for the fir...- NRI can’t sell Indian property before October 1, 2026 if buyer does not have TAN; Know how to apply for TAN onlineThe TDS rulesfor NRIs say that there isno thresholdlimit for TDS deduction, whereas resident Indians get a threshold limit of Rs 50 lakh be...
- India’s Reinsurance: Hidden tax or treaty? Best way to expand tax base is to redraw map of where business is doneIndian insurers transfer risk to global reinsurers, impacting tax treaties. These international agreements often prevent India from taxing ...
- New mines law seeks to bring tax uniformityA new Mines and Minerals Act, 2026, aims to standardize mining taxation across India. This legislation seeks to bring uniformity and predic...
- Rs 5.31 lakh income tax refund denied as taxpayer did not claim it in the original ITR; he approaches ITAT Delhi and wins the case to get tax refund with interestRs 5.31 lakh tax refund denied as it was not claimed in the original ITR but in the subsequently filed Section 148 ITR; ITAT Delhi orders t...
- Banks & legal eagles quietly revive foreign family officeSome large private banks and law firms are assisting Indian families with offshore family offices. These institutions are navigating regula...
- SC gets EOW report finding no direct link between IHFL loans, Gehlaut-linked entities in key casesDelhi Police EOW found no direct financial link between Indiabulls Housing Finance loans and investments. The report examined loans disburs...
- AI capex slowdown could derail India's cyclical recovery, weigh on growth: NuvamaAny slowdown in the global artificial intelligence (AI) capital expenditure boom could pose a significant risk to India's ongoing cyclical ...
- Bethlehem Kudumba Unit box office collection: Nivin Pauly, Mamitha Baiju's Malayalam rom-com movie opens on decent note, earns Rs 4.70 crore in IndiaBethlehem Kudumba Unit opened positively at the box office on its release day. The film collected Rs 4.70 crore net in India on Friday. Occ...
- Khalifa box office collection day 1: Prithviraj Sukumaran's Malayalam action thriller opens on decent note, earns Rs 5 crore in IndiaPrithviraj Sukumaran's latest action thriller, Khalifa, hit theaters on August 20 and made an impressive debut/ With Kerala leading the way...
- 88% retail investors lost money in F&O trading in FY26: SebiIn FY26, an alarming trend emerged in India's equity derivatives market, with nearly 90% of traders facing financial losses. Retail partici...
- Unsuspecting landowner got income tax notice as his land was sold for Rs 6.82 crore cash by someone via forged sale deed; he fights back and wins tax case in ITAT Ahmedabad on this groundFor Rs 6.82 crore cash notorious land grabbing gang sold land via forged sale deed with forged signature of landowner; however landowner go...
- Indian woman living in Dubai shares daughter’s nearly Rs 18 lakh school and bus fees equal to a big SUV in IndiaA Dubai-based Indian woman has shared the expenses involved in sending her daughter school, saying the combined cost of tuition, assessment...
- I-T unearths Rs 1.29 lakh cr foreign remittancesThe tax probe has found that a substantial portion of the money moved to a handful of overseas destinations. Singapore, the UAE, Hong Kong,...
- Capital gains tax on FPIs comes in the way of India’s ambition to become a global investment hubIndia faces a policy choice regarding capital gains tax on foreign portfolio investors. Removing this tax could significantly lower India's...
- Maharaja Agrasen engineering student’s anti-corruption site Bribes.fyi gets 50 lakh requests in 48 hours, now shuts downBribes.fyi, a platform that allowed users to anonymously report alleged bribery demands, has announced an indefinite shutdown after receivi...
- India's economic growth to slow to 6.8% in FY27 amid West Asia crisis, El Nino impact: Ind-RaIndia Ratings and Research has raised its FY27 GDP growth forecast to 6.8% from 6.7%, but expects growth to slow from 7.6% in FY26 amid inf...
- Axis Bank expands corporate play beyond loans, shuns price warAxis Bank is broadening its corporate banking services beyond just lending. The lender targets fee income and low-cost deposits from corpor...
- India's net direct tax collections jump 23% to Rs 8.11 lakh crore, non-corporate taxes lead gainsIndia's net direct tax collections surged 23.09 percent to ₹8.11 lakh crore as of August 10. Non-corporate tax collections rose significant...
- India's net direct tax collection rises 23% to Rs 8.11 lakh crore as of August 10India's net direct tax collections grew 23.09 percent year-on-year to Rs 8.11 lakh crore. Gross direct tax collections increased 19.75 perc...
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