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UNSUSTAINABLE TAX DEMAND
Five reforms India needs before the next shockIndia faces economic vulnerabilities from external crises. Five reforms are proposed to build resilience. These include reducing gold and c...- Are the EU and China heading for a trade war?Europe's trade gap with China is widening. This is leading to protective measures on items like electric vehicles and e-commerce. Leaders a...
- China Shock 2.0: Surging Chinese exports threaten Europe's economy, raising concern at G7 summitEight years of U.S. tariffs have failed to curb China’s manufacturing strength, with Beijing posting a record $1.2 trillion trade surplus b...
- Why the G7 is worried about global economic imbalancesIn a pivotal discussion at the G7 summit, France is highlighting urgent concerns about the global economic landscape. China's robust export...
- SC upholds govt retrospective 28% GST levy on online gaming companiesThe Supreme Court has backed the government's retrospective 28% GST on online gaming. The court ruled that online gaming platforms are not ...
- GST gains eroded by Gulf war: Dabur CEO Mohit MalhotraDabur's CEO Mohit Malhotra says the West Asia war has impacted the gains from GST measures. The company is raising prices and acquiring dig...
- Good news for taxpayers! Faster tax refunds, quicker dispute resolution, TDS framework improvements and more planned by CBDT for 2026-27Taxpayers can anticipate significant improvements in the TDS system and faster resolution of tax disputes. The Central Board of Direct Taxe...
- Manufacturing exports, earnings revival and AI: Why Mukul Kochhar sees Indian market staying resilientStrong Q4 earnings and a structural manufacturing export opportunity are fueling optimism in India's equity markets, according to Mukul Koc...
- Man bought demo car at big discount, RTO officer seized it citing Rs 60 lakh road tax dues; Karnataka HC gives relief to car ownerA Bengaluru RTO officer unlawfully seized Mr. Rama's demo car, leading to a zero FIR and charges of fraud. The Karnataka High Court quashed...
- Meesho receives Rs 14.29 crore GST notice for non-collection of TCSValue commerce platform Meesho is contesting a Rs 14.29 crore tax demand. The Goods and Services Tax Appellate Tribunal issued the demand f...
- Noida MSMEs flag wage hike amid rising costs, seek financial relief, subsidiesMSME entrepreneurs in Noida and Greater Noida have flagged rising costs and policy imbalance following the recent hike in wages and overtim...
- Hero MotoCorp gets additional tax demand of Rs 26.4 crHero MotoCorp Ltd received an additional tax demand of Rs 26.40 crore from the Income Tax Department for the assessment year 2020-21. The c...
- Hero MotoCorp gets tax and interest notice from I-T Dept totalling Rs 605 cr for six AYsHero MotoCorp faces a tax demand notice of Rs 308.65 crore plus interest from the Income Tax Department for six assessment years. The compa...
- Karnataka HC stays Rs 5,258 crore I-T demand on Azim Premji Trustee CompanyThe I-T department had sought an additional tax of Rs 5,258.14 crore for the assessment year 2021-22 by way of an intimation.
- Grasim challenges Rs 5,872 crore income-tax demand before HC, gets stay from recoveryThe company has company has contended before the High Court that order was "wholly unsustainable in law" and the Income Tax department has ...
- Airtel's low-cost strategy unsustainable: BMI ResearchBharti Airtel's low-cost strategy, which enabled it to amass a large subscriber base in 20 markets, is unsustainable and demands new focus,...
- Government unlikely to appeal against Bombay HC decisions in Vodafone, Shell transfer pricing casesTransfer pricing refers to the pricing of assets, tangible and intangible, services and funds moved within an organisation in a cross-borde...
- Government may do away with LPG subsidy for rich: Finance Minister Arun JaitleyCurrently, 12 cylinders are available to consumers at a subsidised rate of Rs 414 each (in Delhi). Beyond this will have to be purchased.
- Unsustainable tax demand would only earn bad name: FM Arun JaitleyJaitley's comments come in the wake of Bombay High Court order earlier this week wherein Income-Tax Department lost its Rs 18,000-crore tra...
- The government should pursue indirect tax reforms for fiscal consolidationThe government reportedly plans to exit from the fiscal stimulus of 2008-09 delivered through cuts in excise duties and service tax.
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