Tag: income tax
India’s FY26 tax collections remain weak, FY27 may be a different story: CareEdge Ratings
New Delhi: The central government’s tax collections have remained weak so far in the ongoing financial year 2025-26 (FY26), with growth significantly lower than budgeted…
Key expectations — from income tax to GST-style customs overhaul| Business News
On 1 February, Finance Minister Nirmala Sitharaman will present the Union Budget 2026—her ninth straight budget presentation—amid expectation of an overhaul of customs duty on…
Budget 2026: Income tax cuts and cheaper goods? Here’s what many Indians want
As Indian households grapple with stretched budgets amid rising education, healthcare and housing costs, expectations from Budget 2026 are centred around measures that can restore…
Budget 2026: India’s top audit body has suggested Nirmala Sitharaman to change tax process for husband, wife
Ahead of Budget 2026 presentation by Finance Minister Nirmala Sitharaman on February 1, the Institute of Chartered Accountants of India (ICAI) has recommended that married…
Direct tax receipts climb up by 4.14%| Business News
NEW DELHI: Gross direct tax collections in the current financial year up to January 11 have seen a 4.14% annualised growth to about ₹21.5 lakh crore, driven…
The Year That Was: A year when domestic policy did the heavy lifting| Business News
In terms of economy, 2025 will be remembered as a year where domestic policy acted as a bulwark against external headwinds to growth. Inflation started…
What happens if you miss it and how to complete process online| Business News
Taxpayers across India have a few hours left to link their Permanent Account Number (PAN) with their Aadhaar card. The final deadline for completing the…
India revamps tax regime in 2025, new I-T Act to take effect from April 1
New Delhi: India overhauled its tax regime in 2025 with sharp cuts in Goods and Services Tax (GST) rates and a higher income tax exemption…
India ‘strong champion’ of measures against offshore tax evasion: OECD official
New Delhi: India is a “strong champion” in implementing transparency measures against offshore tax evasion and its recent campaign asking taxpayers to correctly report their…
With low inflation, GST cuts, easing rates, economists expect consumption to stay strong next year as well
In what would be music to India Inc’s ears, consumption momentum is expected to stay strong in the coming year, backed by low inflation, the…