Search For "income tax"
Capex cuts to offset tax shortfalls, Govt on track for fiscal targets of F
Updated : 3 months, 3 weeks ago IST
The Central government is expected to meet its fiscal deficit target for FY26 by cutting back on capital expenditure to offset potential shortfalls in income tax and GST collections, according to a report by Goldman Sachs.
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PHDCCI presents pre-budget suggestions to Finance Minister for MSME sector
Updated : 3 months, 3 weeks ago IST
Industry body PHD Chamber of Commerce and Industry (PHDCCI) presented a set of pre-budget suggestions for the micro, small and medium enterprises (MSME) sector to the Finance Minister Nirmala Sitharaman, seeking easier taxes, cheaper credit and simpler rules for small businesses.
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More money in middle-class hands fuels strong outlook for tourism and hote
Updated : 3 months, 4 weeks ago IST
India's tourism and hospitality industry is set for a strong upswing, driven primarily by rising disposable incomes within the country's expanding middle class, according to a report by B&K Securities.
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CBI busts corruption racket in Income Tax Appellate Tribunal, Jaipur
Updated : 3 months, 4 weeks ago IST
The Central Bureau of Investigation (CBI), based on source information, busted a criminal network. The authorities have arrested Rajendra Sisodia, Advocate, Income Tax Appellate Tribunal (ITAT), Dr. S. Seethalakshmi, Judicial Member, ITAT, and an appellant, Mujmmel.
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New Income Tax Act likely to broaden tax base on simpler compliance
Updated : 4 months ago IST
The new Income Tax Act is expected to expand India's tax base by making compliance simpler and more accessible for individuals, institutions and exempt entities, Debjyoti Das, Principal Chief Commissioner of Income Tax (Exemption) told ANI today.
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SC seeks Centre's, EC's response on plea seeking full-disclosure of funds
Updated : 4 months ago IST
The Supreme Court on Monday sought the response of the Central government and the Election Commission of India (ECI) on a public interest litigation (PIL) plea that sought directions mandating all political parties in India to disclose details of any amount of political funding received b
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Auto sector to see demand recovery over next 2-3 years: Report
Updated : 4 months ago IST
The domestic auto sector may witness a demand cycle recovery over the next two to three years, supported by strong macroeconomic stimulus measures such as the upcoming Pay Commission salary revision, income-tax rate reduction, and interest rate cuts, highlighted a report by Incred Research.
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RBI should deliver additional 50bps cuts over next 12 months & depart from
Updated : 4 months ago IST
The Reserve Bank of India (RBI) should move away from its recent neutral policy stance and deliver an additional 50 basis points of rate cuts over the next 12 months, according to a report by Amundi, a French asset management company.
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"Pseudo-Nationalist outfit": Jairam Ramesh slams RSS over reports of hirin
Updated : 4 months, 1 week ago IST
"A few days ago, the RSS chief Mohan Bhagwat acknowledged that the RSS isn't a registered organisation and that it does not pay taxes. Now, we learn that the RSS has spent a significant amount of money to engage one of Pakistan's official lobbying arms - the American law firm Squire Patto
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Rural consumption outshines urban demand as income growth, credit expansio
Updated : 4 months, 2 weeks ago IST
Rural India continues to lead the country's consumption recovery, outpacing urban demand despite income tax cuts and GST 2.0 reforms aimed at stimulating city-based spending, according to Motilal Oswal Financial Services Ltd. (MOFSL) in its latest ECOSCOPE report titled "Rural Rules, Urban F
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India leads global tax policy shift amid expanding digital economy: CBDT J
Updated : 4 months, 2 weeks ago IST
India has taken a proactive stance in adapting tax laws to the digital era and the rise of borderless digital businesses challenges traditional taxation, and India leads globally in ensuring fair, transparent, and equitable revenue distribution, Varunesh Mishra, Joint Commissioner of Income
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India working on multilateral tax certainty framework, says principal comm
Updated : 4 months, 2 weeks ago IST
"Multilateral certainties are required and we are working on them as a continuous process. Once the decision is taken and when it has to come, it will certainly come forward," he said, referring to the multilateral tax certainty framework, on the sidelines of the International Tax Summit in
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