Taxes

India's AI ambitions hinge on strong GCC growth and tax certainty through safe harbour rules and APAs, enabling innovation, investment and equitable digital transformation

Arvind Srivastava says next phase of customs reform must deepen stakeholder trust and leverage technology as India's expanding trade ecosystem places new demands on governance

The government has halved RoDTEP incentives with immediate effect, reducing rebate rates and value caps across categories, a move expected to raise exporters' costs amid global uncertainty

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

In the Union Budget 2022-23, the government clearly defined VDAs such as cryptocurrencies and NFTs under the Income Tax Act for the first time

Earnings in focus amid lacklustre capacity utilisation, and poor pick-up in sales for the latest available FY25 data

Budget 2026-27 Highlights: Finance Minister Nirmala Sitharaman presented her ninth straight Union Budget in the Lok Sabha on Sunday. Catch updates here

As Budget 2026 approaches, there’s a renewed debate over whether India should raise taxes on the super-rich to shore up government finances.

From February 1, 2026, cigarettes and tobacco products will be taxed under a new excise framework. The government has scrapped the GST compensation cess and replaced it with a new excise duty,

The Union Budget 2026 needs to focus on widening the direct tax base, incentivising private sector investment and freezing peak direct tax rates to further accelerate growth and generate employment opportunities, a report said. Recent reforms under GST 2.0 have demonstrated that simplification and tax moderation can coexist with strong revenue growth, challenging the long-held belief that higher tax rates are necessary to boost collections, a report titled 'Shaping India's New Taxation Ideology: Simplification, Moderation and Growth' said. "As India approaches the Union Budget, the choices made will determine whether taxation becomes a catalyst for long-term economic expansion or a constraint on ambition," the report released by a think tank Think Change Forum (TCF) on Wednesday said. The report outlines a six-point advisory for policymakers, urging them to extend the principles of GST reform to direct taxes, enforcement and investment policy At the core of the advisory is a push f

Following weeks of speculation, Britain's unpopular Labour government will deliver its second budget later Wednesday since it returned to power in a landslide election victory in July 2024 after 14 years in opposition. Treasury chief Rachel Reeves, the first woman to hold the post of Chancellor of the Exchequer, is set to tell lawmakers that more tax-raising measures are necessary to plug a hole in the public finances. Reeves said much the same at her first budget a little more than a year ago. That budget, she had insisted, would be the one and only big tax-raising budget in this parliamentary term, which is due to run to 2029. Unfortunately for Reeves, the British economy, the world's sixth-largest, is not doing as well as she hoped, with many critics blaming her decision last year to slap taxes on business. Though there were signs that the economy was on the mend in the first half of the year when it was the fastest-growing among the Group of Seven leading industrial nations, it'

Britain's Business and Trade Secretary Peter Kyle admitted that it is Labour's taxation regime that is causing the exodus of the super-rich

PwC India's survey says shifting tariffs, uncertainty are testing supply chain resilience, even as firms underuse AI, face rising ESG pressures and struggle to give supply chains strategic influence

With ₹16 trillion locked in unresolved tax disputes, India must urgently reform its judicial and tax systems to clear backlogs and restore investor confidence in a rule-based economy

Maharashtra has received an advance instalment of Rs 6,418 crore from the Central government, as part of tax devolution ahead of the festive season, Deputy Chief Minister Ajit Pawar has said. The Centre on Wednesday said it has released an additional instalment of tax devolution of Rs 1,01,603 crore to state governments to enable them to accelerate capital spending and finance their development/welfare-related expenditure. This is in addition to the normal monthly devolution of Rs 81,735 crore due to be released on October 10, it said. In a statement on Thursday, Pawar, who is also the state finance and planning minister, said that Maharashtra has received Rs 6,418 crore from the Centre. He thanked Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for releasing the funds. "With the upcoming festival season, and to enable the state to ramp up capital expenditure and provide adequate funding for our welfare and development schemes, this amount will undoubted

The New Haven school, the richest private US university after Harvard, faces an 8 per cent tax on annual investment gains from its endowment - up from 1.4 per cent

Substantial cash gifts should be received via cheques or drafts

While lower consumption taxes will indeed spur demand, particularly for durables such as autos, TVs and ACs, it may not happen immediately

Short payments of IGST on imports are usually discovered during internal audits or regulatory checks, and tend to arise due to valuation differences, classification errors, or other discrepancie

The Senate is slogging through a tense overnight session that has dragged into Tuesday, with Republican leaders buying time as they search for ways to secure support for President Donald Trump's big bill of tax breaks and spending cuts while fending off proposed amendments, mostly from Democrats trying to defeat the package. An endgame was not immediately in sight. Senate Majority Leader John Thune of South Dakota is reaching for a last-minute agreement between those in his party worried the bill's reductions to Medicaid will leave millions without care and his most conservative flank, which wants even steeper cuts to hold down deficits ballooning with the tax cuts. Thune declared at one point they were in the homestretch as he dashed through the halls at the Capitol, only to backtrack a short time later, suggesting any progress was elusive. At the same time House Speaker Mike Johnson has signalled more potential problems ahead, warning the Senate package could run into trouble when