Page 3 of Tax News

GST, GST collection, GST revenue, exports, imports, GST refund, geopolitical factors, consumer spending

56th GST Council Meeting: Slabs, cess and simplification – Here’s what to expect

The 56th GST Council meeting is expected to take up key issues including rate rationalisation, compensation cess, and compliance simplification.…

4 months agoJune 26, 2025

tax demands, refunds, Nirmala Sitharaman, finance ministry, tax

Accelerate disposal of tax demands, refunds: Nirmala Sitharaman

FM Nirmala Sitharaman urges faster disposal of tax disputes, quicker refunds, and improved grievance redressal. Calls for region-wise strategies, simplified…

4 months agoJune 23, 2025

Oman set to roll out personal income tax – who will be affected?

By diversifying its revenue base, Oman aims to safeguard itself from the unpredictable shocks of the energy market.

4 months agoJune 23, 2025

tax collections, advance tax collections, net tax collections, net direct tax, indirect tax, indian economy

Net direct tax collection dips 1.39% to Rs 4.59 lakh crore amid slower advance tax growth

Advance tax collections, a key indicator of corporate profitability and individual income, rose by just 3.87% year-on-year to Rs 1.56…

4 months agoJune 21, 2025

tax, advance taxes, direct tax, money, Tax rates, ICRA, Income Tax department

Advance taxes grow just 3.6% in Q1

India’s Q1 FY26 advance tax collections rose just 3.6% YoY to Rs 1.54 lakh crore, hit by income tax reliefs…

4 months agoJune 17, 2025

ITR Filing AY 2025-26: Offline utilities for THESE tax return forms available now

ITR Filing 2025: Common Offline Utilities (JavaScript-based/JSON utility) are built on the latest system architecture adopted by the Income Tax…

5 months ago

India Inc, operating margin, Q1FY26 outlook, demand, input cost, semiconductors, PLI scheme, infrastructure-oriented sectors, consumption sectors, food inflation

States seek higher share in tax kitty, citing population & GDP contribution

States urge 16th Finance Commission to raise their tax share from 41% to 50%, citing population, poverty, and GDP contributions.…

5 months agoJune 10, 2025

TCS, money, tax collected at source, tax, income tax, tax news

Your Money: Forex cards need not mean TCS

Avoid costly travel money mistakes. Learn why forex cards are smarter than cash or credit cards for international travel. No…

5 months agoJune 9, 2025

Allahabad High Court rules Patanjali’s Rs 273.5 crore GST penalty as civil, not criminal (Image: X)

No relief for Patanjali: Allahabad High Court dismisses plea against Rs 273.5 crore GST penalty

Allahabad High Court rejects Patanjali Ayurved’s petition challenging Rs 273.5 crore GST penalty, ruling that such penalties are civil in…

5 months agoJune 3, 2025

This is not the first time President Trump has attempted to introduce a remittance tax.

Remittance tax fallout: Should NRIs pull money out of US

The proposed policy could massively affect the 2.9 million Indian immigrants currently living in the U.S. (as of 2023), who…

5 months agoMay 28, 2025

direct tax, fiscal, RBI, economy, Finance Minister, income tax

Fiscal, monetary steps may lift growth to upper end of 6.3-6.8% forecast: Finmin

India’s FY26 growth may hit 6.8% amid tax relief, RBI rate cuts, and strong investment outlook, says Finance Ministry. US-India…

5 months agoMay 27, 2025

The Indian government has reinstated the Remission of Duties and Taxes on Exported Products. (Image Source: FE)

Tax refund scheme for exports extended to EoUs, SEZ units

The Indian government has reinstated the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme benefits for Export Oriented…

5 months ago

While the US might see short-term gains, such protectionist measures could undermine its global leadership. India should prioritize tariff negotiations. (Image Source: Reuters)

Nuisance value is the big issue

US remittance tax, India remittances, cross-border taxation, double taxation, current account impact, H-1B visa, Green Card, global leadership, trade negotiations,…

5 months agoMay 26, 2025

Billionaire Shravin Bharti Mittal leaves Britain, relocates to UAE amid UK’s stringent tax regime

Mittal’s departure is part of a wider trend that sees younger billionaires following in the footsteps of older generations, relocating…

5 months agoMay 25, 2025

loans, long-term capital gains, shares, money, home loans

Set off your options trading loss against LTCG from shares; your queries answered

Explore how to set off options trading loss against LTCG, claim tax deductions on two home loans including let-out property,…

5 months agoMay 23, 2025

If passed, the USA Act would allow individuals to contribute up to $10,000 annually into a Universal Savings Account.

Netizens unhappy with remittance tax cut to 3.5%, ‘from 0 to 3.5% is never a relief’

The new tax will not affect US citizens or nationals who use qualified remittance providers. However, it will apply to…

5 months agoMay 23, 2025

ITC Ltd, cigarettes, FMCG, profit, revenue, EBITDA, Q1FY26, quarter results, consumption, rural growth

Classic to Clove: ITC leans on cigarette biz as costs rise, competition heats up – Why is cigarette bet paying off?

Analysts said that ITC’s cigarette business remained the cornerstone of stability in its Q4FY25 with steady volume growth of around…

5 months agoMay 23, 2025

How Trump’s “one big beautiful bill” will impact Indians? Here’s all you need to know

This is not the first time President Trump has attempted to introduce a remittance tax. During his first term, a…

5 months agoMay 20, 2025

Page 3 of Tax News

Latest News

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

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

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

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

TAX Talk: When a tax notice keeps you awake