Finance panel calls for AI checks for tax refundsA parliamentary committee has identified a concerning surge in income tax refunds that are taking too long to process. To expedite genuine ...
11 Aug, 2026, 01.10 AM IST
CAG report flags fall in Delhi’s contribution to national GDPA CAG report shows Delhi's GSDP growth was slower than the national economy. Revenue receipts grew, driven by tax collections, while non-ta...
10 Aug, 2026, 07.02 PM IST
Where art thou? From royal silverware to rare watches, what collectors are bidding for nowAs collectors broaden their horizons beyond canvases, Glynda Alves finds that India’s auction houses are witnessing growing demand for item...
09 Aug, 2026, 10.14 AM IST
6 reasons you may get income tax notice even after meeting July 31 ITR filing deadlineFiling your income tax returns punctually doesn't guarantee immunity from tax department notices. Often, discrepancies arise between report...
08 Aug, 2026, 10.15 AM IST
Tamil Nadu Assembly passes resolution batting for 'fair tax devolution' from CentreThe Tamil Nadu Assembly unanimously passed a resolution seeking fair tax devolution. This resolution aligns with constitutional principles ...
07 Aug, 2026, 12.40 PM IST
FPIs, trading companies tap Sebi, centre for tax breatherInvestors from abroad are pressing regulators for a decrease in securities transaction taxes to alleviate the burden of double capital gain...
07 Aug, 2026, 06.22 AM IST
F&O de-addiction? Options volumes crash over 50% in FY26 after Sebi's strict rulesOptions trading volumes in India dropped 51% in FY26 after Sebi tightened derivatives rules to curb retail speculation. Higher contract siz...
06 Aug, 2026, 07.46 PM IST
Global Market: Prudential shares tumble as China offshore insurance tax report rattles investorsShares of Prudential plunged after reports that Chinese tax authorities had begun collecting personal income tax on returns from offshore i...
06 Aug, 2026, 10.08 AM IST
Earnings from unexercised ESOP buyback is LTCG, not pay perk: ITATThe Income Tax Appellate Tribunal ruled that vested ESOPs are not taxable as salary until exercised. It held that gains from Flipkart's rep...
06 Aug, 2026, 09.01 AM IST
Customer bought 'pure' silver but test found 80.95% purity: Consumer commision ordered Lalitha Jewellery to pay Rs 13,000 compensation; here's whyLalitha Jewellery has been ordered to refund an overcharge of Rs 104 and pay Rs 10,000 in compensation after a Warangal consumer commission...
05 Aug, 2026, 01.12 PM IST
FISME seeks GST overhaul to ease MSME complianceFISME seeks Goods and Services Tax reforms to ease MSME compliance burdens. They propose a safe harbour for input tax credit and faster GST...
04 Aug, 2026, 07.53 PM IST
Taxation laws amendment bill tabled in Lok Sabha: What the new tax bill changes for foreign investorsFinance Minister Nirmala Sitharaman introduced the Taxation and Other Laws (Amendment) Bill, 2026, proposing simpler rules for offshore inv...
04 Aug, 2026, 02.22 PM IST
Man, who refused US job offer earlier, pays over Rs 1 crore income tax, says 'I'm earning for someone else'; sparks debateA man's Rs 1.14 crore income tax payment sparked debate on taxpayer value in India. He chose to stay in India despite overseas job offers t...
03 Aug, 2026, 03.26 PM IST
GST collections stay on track, rise 15% in JulyIndia's July GST collections surpassed ₹2.11 lakh crore, showing a 15.4% year-on-year increase. Import GST surged significantly, contributi...
02 Aug, 2026, 05.30 AM IST
India's gross GST collections rise 15.4% to Rs 2.11 lakh crore in JulyIndia's GST collections reached Rs 2.11 lakh crore in July 2026, reflecting a 15.4% growth year-on-year. The surge in revenue was largely d...
01 Aug, 2026, 12.36 PM IST
Unfazed by West Asia crisis, fiscal deficit within range at 18.2% in Q1The Centre's fiscal deficit reached 18.2% of the full-year target in the first quarter. Higher spending was offset by stronger net tax coll...
01 Aug, 2026, 01.40 AM IST
India's Q1 FY27 fiscal deficit widens to Rs 3.1 lakh crore from Rs 2.8 lakh crore a year ago; at 18.2% of full-year targetIndia Q1 FY27 fiscal deficit: The fiscal gap was higher than the Rs 2.8 lakh crore recorded during the April-June period of the previous fi...
31 Jul, 2026, 04.27 PM IST