Taxation

Internet has been tariff-free for decades; if that changes, it's because the world has decided it can't allow the US to run its digital empire forever

₹1/GB data tax could fetch ₹30,000 crore but raise mobile bills by up to 20%, says IIFL; proposal may face pushback over regressive impact

New guidelines introduce flexibility in quoting DIN in tax communications while ensuring traceability and reducing litigation over procedural lapses

Kaushik Basu says progressive taxation on very high incomes can reduce inequality without weakening enterprise, while experts stress restoring trust through jobs and welfare systems

High courts are tightening scrutiny of GST enforcement actions, emphasising due process and procedural fairness in cases involving registration suspensions and bank account attachments

A Washington, DC, federal court on Tuesday rejected a request from an immigrant rights group to temporarily block the IRS from sharing certain taxpayer data that could make it easier to identify and deport people who are in the US illegally. A three-judge panel for the US Court of Appeals for the DC Circuit declined to issue a preliminary injunction for the immigrants' rights group, Centro de Trabajadores Unidos, and other nonprofits that are suing the federal government over the data-sharing agreement signed last April by Treasury Secretary Scott Bessent and Homeland Security Secretary Kristi Noem. The agreement allows US Immigration and Customs Enforcement to submit names and addresses of immigrants inside the US illegally to the IRS for cross-verification against tax records. In declining the preliminary injunction request, Judge Harry T Edwards wrote that the nonprofit groups "are unlikely to succeed on the merits of their claim," since the information the agencies are sharing .

This sharp increase was largely driven by increased payments from the top three payers, the watchdog said, noting the increased risk of more concentrated receipts

The government is free to change the law for the future. But changing the tax outcome of past investments weakens confidence in the stability of the system

Under threat of retaliation from the US, G7 leaders pre-negotiated the new terms in June, and Inclusive Framework members rubber-stamped them last month to avoid picking another fight with Mr Trump

The Finance Minister presented the Budget in Kartavya Bhawan anchored in three core kartavyas - driving economic growth, empowering citizens, and ensuring equitable access to opportunity

The futures and options market had seen a lot of speculative activity, and to that extent, the effort of the government to reduce volumes in that space is understandable, says Jaipuria

Budget 2026 converts MAT into a final levy at 14 per cent, limits MAT credit utilisation, and extends exemptions for non-residents to encourage a shift to the new concessional corporate tax regime

Benchmark indices dived by over 2 per cent in a special trading session on Sunday. EY India takes a look at how Nifty 50 firms responded to Union Budget 2026-27

Budget 2026 proposes a major overhaul of share buyback taxation, shifting proceeds from dividend income to capital gains to simplify rules, reduce arbitrage, and rebalance outcomes for promoters

High private investment requires sound tax policy and the rule of law

Given the findings of the SC, it is likely to send mixed signals to foreign investors and unsettle various long-settled positions around tax treaty benefits

Of course, there are a few changes in the taxation regime in most Budgets, but these have become fewer over the years

Refund pullback, not strong inflows, drives gains

The court clarified that such substitution is not a tax-neutral event merely because it occurs by operation of law

The Google founders' shrinking connections to California underscore the impact of a potential ballot measure that would affect the state's wealthiest residents