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TAX EXEMPTIONS REDUCTION
Salaried employees beware! These 5 mistakes during ITR filing can trigger unexpected tax demandsWith the ITR filing season for AY 2026-27 now underway, many salaried taxpayers who faced TDS shocks in the last quarter of FY 2025-26 are ...- India grants retrospective custom duty relief on imports of select nuclear power generation equipmentIndia has granted retrospective customs duty relief on specified nuclear power generation equipment imported between April 1, 2019 and Janu...
- EV push to absorb over Rs 24,000 cr of automakers' capex in two years as electric car adoption accelerates: CrisilIndian passenger vehicle makers are expected to invest over Rs 24,000 crore in electric vehicles out of a planned Rs 60,000 crore capex acr...
- 12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
- India plans to scrap capital gains tax on FPI investments in government securitiesIndia is set to eliminate capital gains tax for foreign portfolio investors on government securities to boost overseas capital inflows. Thi...
- India insurers seek doubling of tax-free limit for some products to boost inflows, sources sayIndian life insurers are asking the government to double the tax-free limit for insurance policies. This move aims to increase money flowin...
- EU import cuts threaten Ukraine's battered steel sector, Interpipe CEO saysUkraine's vital steel sector faces a new threat from European Union import quotas. This move could severely damage the war-torn industry, d...
- UK’s steel curbs emerge as an early hurdle for FTA with India ahead of roll-out. Is there a way out?The UK has extended safeguard measures on select steel imports; starting from July 1, 2026, it will reduce tariff-free quotas by 60% and im...
- Why India’s next real estate cycle could be driven by retail investors and REITs, Sandipan Roy explainsIn an interaction with Sandipan Roy, Chief Investment Officer (CIO), at Motilal Oswal Private Wealth, he explains why India’s next real est...
- Google co-founder Sergey Brin donates $500,000 to fight overpaid CEO tax: 'fled socialism with my family in 1979...'Google co-founder Sergey Brin has stepped into San Francisco’s heated tax debate with a USD 500,000 political donation aimed at opposing a ...
- Zero income tax on Rs 15 lakh CTC? Here’s how these allowances and perks can cut your tax under new tax regimeSalaried individuals can significantly reduce their tax liability under the new tax regime by strategically utilizing allowances and perqui...
- Portugal eyes bigger role in India’s infrastructure, manufacturing push as trade ties deepenPortugal's Minister of State for Economy, João Rui Ferreira, expressed readiness to contribute to India's infrastructure goals, highlightin...
- India's 3rd semiconductor plant to start in July, 4th facility to be up by Nov-Dec: VaishnawIndia's semiconductor mission is gaining momentum. Two plants are operational, with two more set to begin production this July and later th...
- Donald Trump's drugmaker deals may save economy $529 billion over 10 years: White HousePresident Trump's administration projects significant savings from deals with drug companies. These agreements aim to lower US prescription...
- Vietnam plans to extend tax incentives for EVs until 2030Vietnam plans to extend its special consumption tax cut on electric vehicles until the end of 2030, aiming to significantly boost EV sales ...
- Delhi EV policy 2026: From subsidies and scrapping incentives to tax exemptions, all you need to knowDelhi is accelerating its electric vehicle adoption with new incentives, including purchase subsidies and scrapping benefits for two-wheele...
- 2.22 lakh appeals disposed of during last fiscal: CBDT chairmanLast fiscal year, the Income Tax Department successfully resolved an impressive 222,000 appeals, showcasing a remarkable 29% growth in effi...
- No windfall tax on diesel, ATF exports from Reliance SEZ: OfficialReliance Industries SEZ refinery will not face new export taxes on diesel and aviation fuel. This exemption stems from judicial pronounceme...
- Reliance SEZ export duty clarity key under India's fuel tax rejig: AnalystsIndia reimposed export duties on diesel and ATF, impacting refining margins and government revenue. A key uncertainty remains whether Relia...
- Bring down corporate tax to 18 pc sans exemptions: CIICII wants the govt to bring down the corp tax rate to 18 per cent along with elimination of all exemptions.
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