Page 4 of Tax

GOP Tax Bill: No tax on tips and overtime, bigger bills for ivy league and remittances – Key highlights

While corporate interests secured key victories, the bill also included measures aimed at working-class voters, such as making tips and…

May 13, 2025 09:29 IST

Central Board of Direct Taxes, CBDT, tax, Vivad se Vishwas scheme, taxpayers, tax litigation, revenue

Mumbai and Delhi regions assigned higher direct tax targets

The Karnataka and Goa region has been given a collection target of Rs 2.81 lakh crore, representing 11.15% of the…

May 11, 2025 22:57 IST

Compliance leads to unsustainable margins, while tax evasion remains the more profitable route

Why Khaini remains largely untaxed

While legally traded khaini is taxed heavily, the majority of the ₹45,000 crore smokeless tobacco market remains informal and untaxed.

Updated: July 24, 2025 21:08 IST

Global Tax Convention at UN

In May, 2023, African finance ministers called on the UN to start negotiations on a tax convention, similar to the…

November 27, 2023 13:47 IST

GST, GST collections, tax administration, economy, compliance, Data analytics, Artificial Intelligence, GST frauds, tax loopholes, global headwinds

GST collections: Signifying economic resilience

Persistent improvement in tax collections bodes well for the fiscal position, and indicates economic resilience along with greater formalization in…

November 21, 2023 11:42 IST

Tax news, Tax in India, Income tax, tax report, economy news

Tax Talk: Need clarity on taxation of under-construction flat sale

Ambiguity around date for calculating indexation benefits persists

November 11, 2023 06:30 IST

The absurdity of large tax demands: Such demands have often been made despite laws and court decisions to contrary

In the recent past, the Directorate-General of Goods and Service Tax Intelligence (DGGI) has reportedly issued show-cause notices to several…

November 8, 2023 04:30 IST

tax, tax data analytics, compliance cost savings, revenue, tax incentives, automation, tax regulations, investment, tax law, mergers and acquisitions, data volumes, tax liabilities

Tax data analytics: How compliance can fuel growth

According to a recent survey by EY, only 34% of tax executives say they have access to high-quality data for…

November 7, 2023 15:39 IST

Alcoholic Beverage industry, market revenues, ISWAI, GDP, tax collection, tax revenue, economic contributions, IMFL, employment, F&B industry

India’s AlcoBev industry to touch $64 billion by 2030, says ISWAI report

India’s Alcoholic Beverage market, with an estimated market size of $52.4 billion in 2021, roughly contributed to 2 per cent…

November 6, 2023 13:32 IST

Tax on Commercial Property: Your top queries answered

Have you invested in commercial real estate and are keen to know about the taxability of commercial property? Get all…

October 30, 2023 16:04 IST

Explained: Recent Supreme Court judgement on applicability of Most Favoured Nation (MFN) for Taxation

The Apex Court held that a notification under Section 90(1) is necessary and a mandatory condition for a court, authority,…

October 26, 2023 12:10 IST

Dabur Ltd, Dabur Q3 results, quarter earnings, profit, revenue, EBITDA, rural market, FMCG, raw material costs

Dabur receives GST tax demand notice of Rs 320.6 crore

Dabur said that it is reviewing the intimation and evaluating the next steps in the matter. The company, it said,…

October 17, 2023 16:14 IST

Breaking Down the Global Minimum Tax: Key considerations for developing nations

The global minimum tax represents a significant shift in international tax policy, particularly for developing nations. By carefully navigating this…

October 4, 2023 14:36 IST

Coforge receives tax demand of Rs 83 crore for FY 2019-20

Coforge on Thursday said that it has received income tax demand of Rs 83 crore for the financial year 2019-20.

September 28, 2023 15:07 IST

NCC Ltd, order, electrical division, joint venture, Brihanmumbai Municipal Corporation, government agencies

BASF on Karnataka HC ruling on Rs 764.01 crore tax dispute case

BASF India on Wednesday said that the Karnataka High Court has quashed the order of Central Sales Tax Appellate Authority…

September 27, 2023 15:44 IST

Many a fix, but still no cure: The core issue—an ill-founded treatment of investment as income—remains unresolved

Variation of 10% between the fair market value and the issue price is acceptable.

September 27, 2023 06:25 IST

Bury retro tax ghost: Govt may redefine taxation of online gaming, but should not punish industry for its own failure

The firm’s contention is that Rummy, even if played with money stakes, was a skill-game and would attract only 18%…

September 25, 2023 04:00 IST

70.9 million returns filed till Sept 23: I-T Dept

“Taxpayers are requested to avail this opportunity and respond to such intimations to enable cleaning up/reconciliation of pending demands and…

September 24, 2023 04:15 IST

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Bank of Maharashtra posts strong growth in Q2 FY26: Net profit rises 23 %

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Bank of Maharashtra recorded a 23.09% YoY growth in profit in Q2 FY26, reporting a net profit of Rs 1,633 crore. The bank also saw a 15.71% YoY increase in Net Interest Income, reaching Rs 3,248 crore. Its total income for the quarter was Rs 5,63,909 crore, showing a 14.20% growth.

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