Taxation

Why second-guessing tax treaties may undermine India's growth story

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

SC Tiger Global ruling may reshape international tax jurisprudence

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

Union Budgets reflect shift in focus from tax changes to expenditure revamp

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

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

Refund pullback, not strong inflows, drives gains

Amalgamation shares taxable if they yield real, immediate gains: SC

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

Google founders eye California exit as state weighs one-time wealth tax

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

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

Net direct tax collections rose 8% to ₹17.04 trn until December 17

Net direct mopup growth lags Budget goal

Rajasthan CM steps up action against overloading and illegal liquor

Rajasthan Chief Minister Bhajan Lal Sharma directed key revenue-related departments to prepare a target-based action plan to accelerate revenue collection for the 2025-26 financial year, emphasising that robust revenue mobilisation is essential for the state's development and the smooth execution of welfare schemes.Chairing a review meeting with officials from the Excise, Transport, Commercial Taxes, and Registration & Stamps departments, the Chief Minister said the government is committed to inclusive growth and the welfare of all sections of society. He stressed that improved revenue performance would directly support development projects underway across the state.During the review of the Commercial Taxes Department, Sharma said the reduction in GST rates introduced by the central government must translate into tangible benefits for consumers. He called for strict monitoring to curb tax evasion, a crackdown on fake taxpayers, and the establishment of a more transparent tax ...

Digitalisation, financial products call for global tax info exchange: FM

Finance Minister Nirmala Sitharaman on Tuesday said with the growing digitalisation of the economy and emergence of new financial products, countries globally will have to cooperate with timely exchange of information, while ensuring fairness and public trust in the tax system. Speaking at the 18th Global Forum Plenary meeting, Sitharaman said technological tools like artificial intelligence, along with judgement, should be used to ensure that tax information exchanged among jurisdictions leads to measurable outcomes. The Global Forum on Transparency and Exchange of Information for Tax Purposes is a multilateral framework comprising 170 jurisdictions. It monitors and peer reviews the implementation of international standards on transparency and information exchange. Stating that confidentiality and cybersecurity must be maintained with great care, the minister called for joint attention and cooperation to the new challenges arising from the digitalisation of the economy, emergence o

Swiss voters overwhelmingly reject proposed 50% tax on super rich

Switzerland is home to some of the world's most expensive cities and anxiety about the cost of living has been gaining currency in local politics

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

BTA talks: India proposes UK-style totalisation agreement with US

India has proposed a US totalisation pact on the lines of its UK agreement, aiming to prevent double social-security contributions and boost savings for thousands of Indians working in America

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

CBDT extends return filing deadline for audit cases to December 10

Tax experts pointed out that the press release appears to have missed granting relief to taxpayers covered under transfer pricing (TP) provisions

Smartphone makers may pay over ₹3 trillion in taxes by end of PLI

Smartphone sector's GST collections are likely to top ₹65,000 crore this financial year; the smartphone industry has credited the PLI scheme for boosting exports

Net direct tax mop-up rises 6% to ₹11.89 trn on higher corporate tax gains

Net direct tax collection grew 6.33 per cent so far this fiscal to over Rs 11.89 lakh crore due to higher corporate tax mop-up and slower refunds. Refund issuances dropped 16 per cent to Rs 2.03 lakh crore between April 1 and October 12. Between April 1 and October 12, net corporate tax collection stood at about Rs 5.02 lakh crore, up from Rs 4.92 lakh crore in the same period of 2024. Non-corporate tax, which includes individuals and HUFs, mop up so far this fiscal stood at about Rs 6.56 lakh crore, up from over Rs 5.94 lakh crore in the same period last year. Securities Transaction Tax (STT) collection stood at Rs 30,878 crore, up from Rs 30,630 crore in the year-ago period. Net direct tax collection, which includes personal income tax and corporate tax, recorded a 6.33 per cent growth year-on-year at over Rs 11.89 lakh crore till October 12 this fiscal. It was about Rs 11.18 lakh crore in the year-ago period. Gross direct tax collection, before adjusting refunds, stood at over

GST without a seamless input tax credit system fails its core principles

We are losing touch with the soul of the indirect tax

PwC India launches GenAI Navigate Tax Hub to modernise tax functions

PwC India's Navigate Tax Hub, powered by generative AI, integrates tax expertise and secure document management to boost efficiency, accuracy and value for tax teams

GST 2.0: Towards simpler and citizen-centric indirect tax regime

The GST Council's efforts at rationalisation have steadily lowered the system's complexity while sustaining revenue buoyancy