Monika Yadav

Tiger Global case: Foreign investors' interest in GIFT City may increase

Tax experts say GIFT IFSC-based specified funds may offer a more certain and tax-efficient route amid increased scrutiny of treaty-based capital gains exemptions

Tiger Global case: Govt to adjust ₹968 cr tax withheld, say CBDT sources

CBDT to adjust ₹968 crore tax withheld on Tiger Global's Flipkart exit after Supreme Court upheld India's right to tax the transaction

SC ruling on Tiger Global: Gaar emerges as key tool in tax enforcement

Supreme Court's Tiger Global ruling strengthens GAAR, pushing taxpayers to rethink treaty benefits, legacy structures and cross-border tax planning

CBIC extends export incentives to postal shipments from January 15

Extending export incentives to postal shipments will make global e-commerce more accessible for small businesses in Tier-2 and Tier-3 towns

Net direct tax collections up nearly 9% to ₹18.38 trillion till Jan 11

Refund pullback, not strong inflows, drives gains

Budget: Tax experts seek clarity on employment deductions available to biz

Ahead of Budget FY27, tax experts seek clarity on Section 80JJAA as ambiguities over employee cost deductions trigger scrutiny and risk disputes for companies

E-way bill generation hits fresh high in December on strong goods movement

December saw the highest-ever e-way bill generation, signalling strong goods movement, improved consumption, and the impact of GST 2.0 rate rationalisation

OECD Pillar Two safe-harbour rules offer limited relief to Indian MNEs

Tax experts say the extension is relevant for Indian MNEs with overseas operations, even though India itself has not yet implemented Pillar Two

Govt may relax transfer-pricing regime, make eligibility rules flexible

Move aimed at making safe-harbour rules more attractive and practical

Excise duty on tobacco, health cess on pan masala from February 1

From February 2026, India replaces GST compensation cess with excise and health cess on tobacco and pan masala, introducing capacity-based duties and higher cigarette taxes

2026 to bring data, policy, tax changes; labour codes, CBAM to take effect

With new GDP, CPI and IIP base years, sweeping tax reforms, GST overhaul, labour code rollout and EU's carbon tax, 2026 is set to reshape India's economic, regulatory and labour landscape

Amnesty scheme on anvil to ease Customs cases backlog, clear disputes

Gold, wilful default, narcotics and smuggling cases to be kept out

GST Council may weigh 5% levy on air, water purifiers as AQI worsens

The GST Council may consider cutting tax on air and water purifiers from 18% to 5%, amid worsening air quality and calls to treat them as essential public health equipment

Govt issues EoI for unified customs portal to integrate ICEGATE, RMS, ICES

CBIC has floated an EoI to shortlist up to eight bidders for building a Customs Integrated System that unifies ICEGATE, RMS and ICES to cut cargo clearance time

I-T dept flags inaccuracies in returns, allows revised returns up to Dec 31

The notices have been issued under Section 142(1) of the Income-tax Act, which empowers the department to seek information or documents during assessment proceedings

Sudden I-T 'NUDGE' unsettles taxpayers ahead of December 31 deadline

CBDT is reaching out via SMS and email under its NUDGE campaign, urging identified taxpayers to review potentially ineligible deductions for AY 2025-26 and revise returns by December 31, 2025

MSME body pitches unified regulator; seeks banking oversight shift

According to Fisme, the Indian banking system operates under conditions of monopolistic competition, with high switching costs giving banks significant market power over borrowers, particularly MSMEs

I-T dept flags ₹5,500 cr in suspicious political donation-linked tax claims

Investigations found that intermediaries were advertising "guaranteed refunds" in cinema halls and on social media platforms, luring taxpayers into making non-genuine claims in return for a commission

GST 2.0 pushes eway Bill volumes to third-highest ever at 129.8 mn in Nov

E-way bill generation climbed to 129.8 million in November, the third-highest monthly total so far, rising 28 per cent year-on-year as trade activity strengthened and controls to curb misuse tightened

GSTAT state benches may miss December rollout as staffing, infra lag

The rollout of GST appellate tribunal benches is likely to miss the December deadline as staffing gaps and infrastructure delays stall operations, leaving lakhs of tax disputes unresolved