Tax

IRS faces tax deadline pressure as shutdown leaves half its staff furloughed

US tax filing deadline—Will the government extend date amid shutdown?

Amid US government shutdown the IRS faces growing strain with nearly half its staff furloughed and taxpayers anxious about whether…

Updated: October 13, 2025 07:08 IST

Diwali Gifts, Stamp Duty, and F&O Loss: Decoding Your Key Tax Queries.

Your queries: Electronics or vouchers received as gift not taxable

Understand the income tax implications of Diwali gifts from vendors (electronics, vouchers), whether GST is included in stamp duty calculation…

October 10, 2025 22:01 IST

Advance tax devolution rs 1,01,603 crore: Follow state-wise allocations and impact on capital and welfare spending

Centre releases Rs 1,01,603 crore advance tax devolution to states ahead of festive season

Government releases Rs 1,01,603 crore as advance tax devolution to states, supporting capital spending and welfare expenditure ahead of festive…

October 2, 2025 18:11 IST

Made a Mistake in Your ITR? Here's How to Fix It. (Image Source: Twitter)

Tax Talk: Errors in ITR? Revise, rectify or update

Discover the simple ways to correct errors in your Income Tax Return (ITR). This article explains three key mechanisms: filing…

September 19, 2025 20:22 IST

Infosys Buyback: New Tax Rules Make It Less Attractive for High-Income Investors. (Image Source: Twitter)

Buyback tax plays spoilsport in Infosys offer

Infosys’s latest buyback offer comes with a catch for many investors. Under new tax rules, the entire amount received is…

September 19, 2025 20:14 IST

Q2 advance tax growth modest at 3.9%. (Image Source: Fe)

Advance tax collections see modest growth at 3.9% in Q2

India’s Q2 FY26 advance direct tax collections saw modest growth, largely due to recent income tax relief for individuals

September 19, 2025 18:48 IST

System liquidity falls to 3-month low amid tax outflows

System liquidity dropped to a three-month low of Rs 70,579 crore amid advance tax outflows, pushing overnight money market rates…

September 17, 2025 20:23 IST

JK Tyre has received a rectification order for the tax penalties imposed on the company by the various state government tax authorities

JK Tyre’s tax penalties from 27 states revised 10% lower in rectification order

JK Tyre first received the tax penalty order on September 4 when the company received a show cause notice, which…

September 17, 2025 18:25 IST

The 'Invisible Tax': Why India's middle class pays a disproportionate GST burden. (Image Source: Canva)

The latte illusion: The invisible tax hiding in your everyday treats

From Instagram lattes to checkout snacks, invisible taxes slip into every bill. GST 2.0 promises relief, but the blind spot…

September 12, 2025 05:35 IST

Mixed Bag for Energy Sector: GST Hike on Oil & Gas While Coal Sees Relief. (Image Source: Reuters)

Higher tax on work contracts may inflate cost of oil & gas hunt

Analysts believe the GST hike on oil and gas contracts from 12% to 18% will increase production costs for upstream…

Updated: September 4, 2025 19:41 IST

‘We should be less…’: Ruchir Sharma points out at India’s tax paradox on Nikhil Kamath’s podcast

He further endorsed a simpler regime, adding, “Studies have shown that a flat tax tends to be the best way…

September 3, 2025 20:55 IST

GST 2.0 Unveiled: TVs, ACs and other electronics to get cheaper, bringing festive relief to middle class ahead of Diwali

GST reforms to reduce compliance burden and increase transparency: FM Sitharaman

Sitharaman said Prime Minister Narendra Modi recently announced the creation of a Task Force for next generation reforms with a…

Updated: September 2, 2025 18:00 IST

Decoding Your Tax Notice: A Guide for Individual Taxpayers. (Image Source: Canva)

TAX Talk: When a tax notice keeps you awake

With India’s tax system becoming more digital, individual taxpayers are increasingly receiving tax notices. This guide explains the different types…

August 29, 2025 23:20 IST

Will government implement new GST rates before Navratri season? Traders demand early respite

A delay in the implementation of the revised GST rates could hurt the sales of businesses. The centre is also…

August 25, 2025 13:47 IST

The Godot of India's Economy: Unlocking Growth by Attracting NRIs. (Image Source: Reuters)

How one simple tax change could unleash a Rs 37,000 crore NRI windfall for India

The article analyses the impact of India’s taxation rules for Non-Resident Indians (NRIs) and how a policy change could attract…

August 23, 2025 17:22 IST

GoM favours 40% GST and cess on luxury goods and tobacco

The proposal has received similar recommendations from the GoM. However, a few state ministers have proposed an additional cess on…

August 21, 2025 17:42 IST

GST reform may let more small units join formal economy

GST reforms with fewer tax slabs could ease compliance, improve liquidity, and boost MSME participation in the formal economy. Experts…

August 19, 2025 21:34 IST

GST rate cut may spur demand for consumer goods

Experts moot ‘sin tax’ of 40% on demerit goods

The sumptuary tax however may require legal changes. It is for the GST Council and the government to work this…

Updated: August 19, 2025 12:24 IST

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Indian team to visit US for trade talks this week

World News7 hr ago

Indian officials will visit the US to finalize a trade agreement by November-end. The talks were paused due to US tariffs, but have since resumed. Both sides are working towards reducing tariffs and increasing investments. The deal is crucial for Indian exporters, as trade between the two countries reached $212.3 billion in 2024.

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