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TAX DEMAND
Absolut vodka maker Pernod Ricard withdraws plea against $314 mn India tax demandFrench firm Pernod Ricard has withdrawn its court challenge against India's tax demand. The company faced a $314 million demand for underva...- Parliament Watch: FM on rupee, `16.1 lakh cr fuel taxes, India-US trade talks and moreRupee depreciation is influenced by rising crude oil prices and reduced capital account support. India monitors US trade policy changes and...
- 'Redevelopment agreement not a property receipt, so not taxable': ITATMumbai ITAT ruled agreement registration does not mean property receipt. Tax cannot be levied on future property rights under anti-abuse pr...
- Sunteck Realty Q1 profit jumps 26% on strong sales, margin growthSunteck Realty reported a twenty-six percent profit increase for the first quarter. Healthy residential sales and improved operating margin...
- ITR filing: Got Section 143(1) intimation after filing your income tax return? Here’s what it meansAfter filing your Income Tax Return, you may receive a Section 143(1) intimation notice. This notice confirms the tax department's prelimin...
- Schindler Q2 sales miss expectations as weak China market dragsSchindler shares fell around 5% as investors worried about weak demand in China’s property market, despite global order growth for a third ...
- CBIC weighs centralised GST registration under one PANThe proposal seeks to address a longstanding industry demand by examining whether businesses operating across multiple states can be admini...
- Parliament Watch: E-filing portal scales up as ITR rush peaks, LTCG mop-up jumps 79% to ₹1.29 lakh cr in AY26 & moreThe income tax e-filing portal has been upgraded to handle increased filings. Revenue from long-term capital gains rose significantly in as...
- 7 big income tax changes for 2026-27 that may reduce penalties for small mistakesNew income tax rules aim to reduce penalties for ordinary citizens. Minor foreign asset non-disclosures will not face prosecution from Octo...
- ITR filing: How Bitcoin, NFTs, airdrops, gifted crypto, and overseas wallets are taxed in India and how to report themIndia's virtual digital asset taxation remains among the world's toughest. Investors face a flat thirty percent tax on gains and one percen...
- NRI insurance: Benefits, risks, and features of GIFT City’s dollar-denominated insurance plansMany companies—including HDFC Life International, ICICI Prudential Life, ICICI Lombard, Star Union Dai-ichi Life, IndiaFirst Life and Tata-...
- ICICI Bank net profit jumps 16% YoY to Rs 14,805 croreICICI Bank reported a 15.9% year-on-year rise in Q1 FY27 net profit to Rs 14,805 crore, driven by healthy growth in net interest income, st...
- Govt to replace Ordinance by introducing Income-tax (Amendment) Bill in Monsoon sessionParliament will soon consider a bill to replace an ordinance on tax exemptions. This aims to attract foreign capital and stabilize the rupe...
- ITR 2026: Common income tax return filing mistakes that cost employees lakhsA careful, timely, and well-documented filing approach can help employees avoid notices, interest, penalties, and refund delays while ensur...
- Online gaming firms move Supreme Court to review 28% GST verdictOnline gaming firms have asked the Supreme Court to review its recent judgment. This judgment upheld the 28% Goods and Services Tax on the ...
- Jubilant FoodWorks gets GST demand notice for Rs 46.9 croreJubilant FoodWorks Ltd has received a GST demand notice for Rs 46.9 crore. The company stated it will challenge the GST department's notice...
- Income Tax tribunal extends stay on Xiaomi India's Rs 10,833 crore tax demandThe Income Tax Appellate Tribunal has extended a significant tax demand stay. This stay now covers approximately ₹10,833.22 crore for Xiaom...
- South Korea's AI tax windfall a 'golden window' for investment: LeeSouth Korea will use a tax revenue windfall from artificial intelligence chipmakers as a strategic source of investment, President Lee Jae ...
- Assam Minister Pijush Hazarika says Rs 110 Border Tax demand not linked to NagalandAssam Minister for Parliamentary Affairs, Pijush Hazarika, on Wednesday clarified in the Assam Legislative Assembly that the recent inciden...
- ITR processed but something's off? The rectification request explained step by step
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