Page 2 - Monika Yadav

Budget 2026-27: FM Nirmala Sitharaman for 'a lot more on disinvestment'

Says IBC amendment Bill will come up in second half of Budget session

Income Tax dept aims to dispose of over 200,000 CIT(A) appeals in FY26

Building on last year's clearance of 172K cases, I-T department is pushing for faster appeal disposals, penalty reforms and system-driven processes to curb litigation and boost tax certainty

Budget 2026: Govt introduces penalty framework for crypto trading entities

The framework includes Rs 50,000 fine for furnishing inaccurate information or failing to rectify inaccuracies

Budget 2026: MAT rationalisation to help migration to new tax regime

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

FM: Building ecosystem for improving productivity, employment generation

Finance Minister Nirmala Sitharaman and top officials explain the thinking behind Budget 2026-27, from record capex and tax reforms to disinvestment and global risks

Economic Survey bats for trust-based e-Way Bill system to ease logistics

The survey proposes policy designs relying on trust-based models, such as a "trusted dealer" framework, where taxpayers with strong compliance records face minimal physical checks

Eco Survey suggests synergy between I-T & customs on related-party imports

Experts welcomed the recommendation, saying it could lower transaction costs and litigation, making India more competitive against peer economies

Budget 2026-27: Experts seek reforms to ease I-T litigation backlog

Experts suggest direct ITAT access and stronger dispute resolution mechanisms to tackle 5.4 lakh pending tax appeals and ease litigation backlog

EoI deadline for Customs Integrated System extended to Jan 31

According to the revised notice, the timelines for both purchase of the EoI document and bid submission have been revised from the earlier January 21 deadline

M Nagaraju to V Anantha Nageswaran: Meet Sitharaman's team for Budget FY27

As Nirmala Sitharaman prepares to present her ninth Budget, a new team of top bureaucrats and economists will shape India's FY27 fiscal and reform roadmap

GSTAT eases appeal scrutiny norms in initial phase to help taxpayers

In a relief for taxpayers, the GST Appellate Tribunal has asked registries to take a lenient view on procedural defects in appeals during the initial six months

Ahead of Union Budget, industry seeks scrapping of Customs SVB

Ahead of Budget 2026-27, industry urges scrapping Customs SVB, proposing risk-based post-clearance audits to cut delays and compliance costs

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