Budget's MAT overhaul may trigger one-off hits to select company financial statements

New Delhi, Feb. 10 -- A Union budget effort to march corporates into India's new low-tax regime may deal a one-time blow to several companies following the old tax regime. Restrictions on tax credits ... Read More

MAT recast may spark some one-off damage

new delhi, Feb. 10 -- A Union budget effort to march corporates into India's new low-tax regime may deal a one-time blow to several companies following the old tax regime. Restrictions on tax credits ... Read More

New income tax rules raise PAN threshold, meal allowances

New Delhi, Feb. 9 -- The draft Income-tax Rules, 2026, released for public consultation before their implementation from 1 April, have raised the threshold for quoting permanent account number (PAN) f... Read More

Tax dodgers beware: I-T is searching GST data to widen tax base

New Delhi, Feb. 9 -- The Income Tax department may soon start drilling into goods and services tax (GST) data in an effort to widen India's direct tax base and improve compliance, two people familiar ... Read More

Cyber threats, geopolitical shocks, climate change top risks for Indian businesses, finds industry survey

New Delhi, Feb. 8 -- Cybersecurity breaches, geopolitical uncertainty and climate-related events have emerged as the most critical risks for Indian companies as businesses grapple with a complex mix o... Read More

IT department seeks feedback on rules that make filing easier under Income Tax Act, 2025

New Delhi, Feb. 7 -- The Income Tax department on Saturday sought public feedback on a set of draft rules under the Income Tax Act, 2025 aimed at making the filing of taxes simpler. The new tax law c... Read More

Recent reforms effectively a new direct tax code: CBDT chief

New Delhi, Feb. 5 -- India's long-awaited overhaul of its direct tax regime has effectively arrived in stages, combining the simplified Income Tax Act enacted last year with a toned-down penalty and a... Read More

'Slower FY27 customs revenue growth reflects India's push for competitiveness, trade liberalisation'

New Delhi, Feb. 3 -- The moderation in customs duty revenue growth projected for fiscal year 2027 (FY27) in the Union budget is due to lowering customs duty on raw materials and inputs to make Indian ... Read More

Customs duty collections will grow slower next fiscal. There are two reasons

New Delhi, Feb. 3 -- The moderation in customs duty revenue growth projected for fiscal year 2027 (FY27) in the Union budget is due to lowering customs duty on raw materials and inputs to make Indian ... Read More

Budget 2026 seeks to make tax regime less adversarial, more predictable: official

New Delhi, Feb. 2 -- The fiscal year 2027 (FY27) Union budget signals a broader reset in India's tax policy, combining efforts to reduce disputes and ease compliance for domestic taxpayers with target... Read More

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