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TAX COLLECTIONS
Tax reporting lapses could risk India's sovereign rating, trigger withholding tax penalties: Income Tax Principal DG Debjyoti Das- Centre proposing parity in mineral taxation, states' rights to remain intact: Union Mines Secretary
- How to check if PAN is linked with Aadhaar? Step-by-step guide to check status online, link documents and know the consequences of not linking
- Pull it, not just for better FPIs: Scrap FPI capital gains tax to boost inflows, strengthen rupee and cut fiscal deficitScrapping the long-term capital gains tax could significantly enhance foreign portfolio investment in India. This move would likely lead to...04 Nov, 2026, 06.21 PM IST
- Insurance agent deposits Rs 35 lakh cash collected from policyholders in his bank account, gets tax notice; he fights and wins in ITAT JaipurPolicyholders gave Rs 35 lakh cash as insurance premiums which agent deposited in his bank a/c; Income Tax Dept sent agent notice for unexp...04 Nov, 2026, 03.32 PM IST
- Cancelled flight ticket? GSTAT says airlines can refund GST to passengers and claim it back from the governmentTaxpayer wins GST refund denial case after depositing GST on airline ticket with the govt and later refunding the GST back to passengers du...04 Nov, 2026, 09.48 AM IST
- Social Security benefits warning: Will retirees lose $500 a month when the retirement trust fund runs out in 2032? What the latest forecast means for your monthly checksThe Social Security retirement fund is projected to exhaust its reserves by the end of 2032 without any legislative intervention. If change...04 Nov, 2026, 02.09 AM IST
- Fiscal deficit likely to exceed FY27 target by up to Rs 1.2 lakh croreIndia's fiscal deficit for the year 2026-27 is projected to exceed the budgeted target by a significant amount. The anticipated deficit may...03 Nov, 2026, 11.49 PM IST
- Rap the app & knock on Nasdaq's doorIndian retail investors can now step into the US stock market using various innovative online platforms. Investment apps like Groww and Zer...03 Nov, 2026, 11.24 PM IST
- Government has fiscal headroom to absorb Rs 50,000 crore revenue loss from LTCG tax abolition: SBI ResearchSBI Research indicates that eliminating the long-term capital gains tax may lead to a modest revenue decline, estimated to be between Rs 40...03 Nov, 2026, 10.54 AM IST
- LTCG abolition may cost just Rs 40,000–50,000 crore, SBI estimates showSBI Research estimates that abolishing long-term capital gains (LTCG) tax would cost the government just Rs 40,000–50,000 crore in FY27, fa...03 Nov, 2026, 10.31 AM IST
- $64 billion out, $5 billion in? Why LTCG tax cut may not be enough to bring FIIs backA reassessment of long-term capital gains tax is underway as foreign investors continue their significant selloff from Indian equities. Ana...03 Nov, 2026, 09.57 AM IST
- FM Sitharaman acknowledges foreign investor anxiety, says she will consider voices seeking tax changes before BudgetUnion Finance Minister Nirmala Sitharaman acknowledged concerns from investors regarding potential tax changes to support equity markets. S...02 Nov, 2026, 10.42 PM IST
- DMK chief Stalin slams TVK govt over GST slump, loss of Rs 1,614 cr Korean investment to APM K Stalin has accused the ruling TVK government of causing economic decline in Tamil Nadu. He pointed out the record lows in GST revenue g...02 Nov, 2026, 02.25 PM IST
- India likely to meet FY27 fiscal deficit target despite spending pressures: Goldman SachsThe Centre appears on track to meet the fiscal deficit target set for FY27. Strong corporate tax collections are offsetting some revenue pr...02 Nov, 2026, 08.10 AM IST
- GST collections jump 22.9% to Rs 2.31 lakh crore in October as festive demand beats high inflation and interest ratesIndia's GST collections in October reached ₹2.31 lakh crore, reflecting a 22.9% year-on-year increase. Strong consumption trends are indica...02 Nov, 2026, 05.30 AM IST
- Centre releases states Rs 1.09 lakh cr festive boostUttar Pradesh received the largest allocation of ₹19,208 crore, followed by Bihar at ₹10,845 crore. Madhya Pradesh was allocated ₹8,010 cro...31 Oct, 2026, 11.47 PM IST
- Fiscal deficit in H1 rises to 42.1% of FY27 target on higher capex, subsidiesBy September 2026, the Centre's fiscal deficit had escalated to ₹7.14 lakh crore, exceeding last year's figures. This increase is fueled by...30 Oct, 2026, 11.46 PM IST
- 'Copying China's manufacturing model may not pay off': Ashwini Vaishnaw hits back with ‘Cope harder’ remark, cites Rs 3 lakh crore PLI returnsUnion Minister Ashwini Vaishnaw has hit back at criticism of India's mobile phone manufacturing strategy with a blunt “Cope harder” remark....28 Oct, 2026, 11.34 AM IST
- Ashwini Vaishnaw says mobile PLI scheme generated Rs 25,000 crore in direct taxes, employs 12 lakh peopleIndia's mobile phone production-linked incentive (PLI) scheme has generated Rs 25,000 crore in direct tax collections against Rs 19,000 cro...28 Oct, 2026, 08.09 AM IST
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