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MAT overhaul pushes for new regime

India, Feb. 2 -- Minimum Alternate Tax (MAT) is a backstop corporate tax under Indian law that requires a company to pay at least 15% of its book profit when its normal income-tax liability is lower. ... Read More


Govt charts out new corridor for domestic rare earths supply

New Delhi, Feb. 2 -- Union finance minister Nirmala Sitharaman on Sunday proposed establishing dedicated rare earth corridors in Odisha, Kerala, Andhra Pradesh and Tamil Nadu to counter constrained gl... Read More


social security, AGRI concerns not ADDRESSED: RSS offshoots

NEW DELHI, Feb. 2 -- Offshoots of the Rashtriya Swayamsevak Sangh, the ideological fount of the ruling Bharatiya Janata Party (BJP) have flagged concerns about the Union Budget, pointing out that it d... Read More


16th FC receives mixed reactions from states

Thiruvananthapuram/Chennai/Shimla, Feb. 2 -- The 16th finance commission's decision to tweak the formula for devolution of taxes to states received a mixed response on Sunday with some states welcomin... Read More


230% increase seen in ULB grants with focus now on cities

New Delhi, Feb. 2 -- The 16th Finance Commission (FC) has more than doubled the grant for urban local bodies to Rs.3,56,257 crore for 2026-31 from Rs.1,55,000 crore for 2021-2026. These funds will inc... Read More


F&O STT goes up; analysts say move 'ill-timed'

New Delhi, Feb. 2 -- Union finance minister Nirmala Sitharaman, in her Budget 2026 speech, increased the securities transaction tax (STT) on futures and options (F&O) transactions, raising the levy on... Read More


Mega benefits for MSME sector in Union Budget

new delhi, Feb. 2 -- India's 7.4 million micro, small, and medium enterprises (MSMEs) will soon be beneficiaries of a new Rs. 10,000 crore fund, a top-up of an existing fund for startups, and reforms ... Read More


Rs.20,000 cr incentives for carbon capture, utilisation and storage

new delhi, Feb. 2 -- The Centre will roll out a scheme to incentivise the carbon capture, utilisation, and storage (CCUS) technologies with an outlay of Rs.20,000 crore for a period of five years, Uni... Read More


PAN enough for tax deduction on buying property from NRIs

New Delhi, Feb. 2 -- One of the key tenets of taxation is that it should be easy to comply. Government has been working towards bringing in certainty and ease of compliance in successive budgets and u... Read More


Alcaraz youngest to career Slam

Mumbai, Feb. 2 -- Moments before stepping onto court in his attempt to scale an unconquered peak then, Carlos Alcaraz, with those large headphones strapped to his ears, was grooving along and goofing ... Read More