Page 2 - Monika Yadav

India's new test for Permanent Establishment: Control over Presence

The Hyatt case has reignited a debate over what constitutes a permanent establishment, with courts increasingly focusing on the 'form over substance' principle

Charitable institution forms to be overhauled ahead of new I-T Act rollout

Das said he shared stakeholders' concerns regarding the complexity of the existing audit report forms filed by trusts

GST fast-track registration scheme triggers spike in automatic approvals

142,000 applications cleared in 15 days

Piyush Goyal to convene the Board of Trade to assess US tariff hit

Piyush Goyal will review export challenges, logistics gaps and trade deal gains as industry seeks clarity on the new Export Promotion Mission

Govt notifies capital gains scheme, expands digital payment options

The Capital Gains Accounts (Second Amendment) Scheme, 2025 adds digital payments, e-statements and mandatory online closure from 2027, modernising the 1988 framework for reinvesting capital gains

SC quashes age, tenure norms for tribunals; calls for new oversight body

The Supreme Court scrapped the 50-year age bar and four-year tenure for tribunal members under the 2021 law, restored earlier rules, and directed the Centre to set up a National Tribunals Commission

Budget 2026-27: Make demergers tax-neutral, biz houses nudge govt

Industry representatives believe that addressing these issues will improve ease of doing business, facilitate legitimate restructuring, and reduce future tax disputes

CBDT confident of meeting FY26 tax target; refund checks slowing outflows

Chairman Ravi Agarwal says the department expects to meet its ₹25.2 trillion direct tax goal for FY26, with refunds slowing due to verification of incorrect claims and a dip in filings this year

CBDT plans nationwide outreach ahead of new Income Tax Act, 2025 rollout

Starting January 2026, the CBDT will conduct nationwide awareness and training programmes to familiarise taxpayers with the new Income Tax Act, 2025, which comes into effect on April 1, 2026.

Pre-Budget talks: MSMEs urge relief package for exporters hit by US tariff

MSME players in pre-Budget talks seek collateral-free credit, relaxed NPA norms, and tax reliefs to offset the impact of a 50% US tariff hike on exports and ease liquidity pressures

India's net direct tax collection up 7% so far in FY26: CBDT data

The Centre has budgeted Rs 25.2 trillion in direct tax collections for FY26. In the previous year, net direct taxes rose 13.6 per cent to Rs 22.26 trillion, surpassing the Budget estimate

Notebook makers raise GST concerns, warn of rising costs and import surge

The All India Notebook Manufacturers Association has urged the government to address GST anomalies that are pushing up raw material costs and could lead to cheaper imports from ASEAN countries

After September high, e-way bills soften 4% to 126.85 million in October

Tax experts said the month-on-month moderation in October may also reflect transitional business responses that have been observed since the GST-2 rate rationalization exercise of September 20222

GST collections dip in 20 of 36 states and Union Territories in October

Twenty of India's 36 states and UTs saw GST revenue decline in October 2025 - the weakest month of FY26 - as businesses adjusted to the GST 2.0 rate cuts implemented in late September

Simpler tax rules, quicker dispute resolution among key Budget demands

CII, Ficci, Assocham and PHDCCI have made common recommendations for Budget 2026-27, seeking predictable tax rules, rationalised TDS slabs, and faster resolution of pending appeals

GST net revenues inch up 0.6% in October; refunds jump nearly 40%

Muted domestic mop-up reflects rate-cut impact, festive deferment; import GST boost cushions growth

Fast-track high-value tax disputes, revamp TDS rules: CII to govt

CII noted that tax litigation continues to burden businesses, with more than five lakh appeals involving nearly ₹18 lakh crore pending before the commissioner (appeals)

CBIC issues rules allowing voluntary correction of Customs entries

The Board amended the Levy of Fees (Customs Documents) Regulations, 1970 to introduce a ₹1,000 fee for each electronic application filed under the new voluntary revision mechanism

Assocham for easing direct tax measures to spur investor confidence

Chamber urges fiscal clarity for global data players, IBC loan waiver relief, and revival of the 15 per cent corporate tax rate to attract new investments

PHDCCI bats for concessional 15% tax rate for new manufacturing units

PHDCCI urges revival of concessional tax for new manufacturing units, reinstatement of R&D incentives, and GST reforms to ease compliance and boost India's competitiveness