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CCI fines Intel Rs.27 crore on 'discriminatory' warranty policy for 8 years

New Delhi, Feb. 12 -- The Competition Commission of India (CCI) has imposed a penalty of Rs.27.38 crore on Intel Corp for its "discriminatory" India-specific warranty policy for microprocessors, under... Read More


Rare mix of strong growth, low inflation shows India's resilience: Sitharaman

New Delhi, Feb. 12 -- Finance minister Nirmala Sitharaman on Thursday defended the National Democratic Alliance government's economic record and the FY27 Union budget, contending that India has delive... Read More


'Budget addresses global challenges for business: Nirmala Sitharaman

New Delhi, Feb. 11 -- The Union budget for FY27 has squarely addressed the challenges faced by Indian businesses due to higher tariffs and other global challenges, finance minister Nirmala Sitharaman ... Read More


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