In a fresh move to strengthen tax compliance in the digital economy, the Income Tax Department has issued notices to 4–5 foreign digital firms over the possible existence of a Permanent Establishment (PE) in India. The development highlights the government’s increasing focus on ensuring that global tech firms earning sizeable revenue from Indian users are … Read more
As the countdown to the Union Budget 2026–27 begins, expectations are soaring across India. From taxpayers and businesses to investors and economists, everyone is watching closely to see how the government plans to steer the economy in the year ahead. To be presented by Finance Minister Nirmala Sitharaman, Budget 2026 comes at a time when … Read more
By Ayush Bansal | January 2026 A fresh wave of farmers protest has erupted across India’s tobacco-growing belts after the Union Government announced a steep hike in excise duty on cigarettes and pan masala, effective February 1, 2026. The decision, which ends a seven-year freeze on tobacco taxes, has drawn sharp criticism from farmers and … Read more
After maintaining unchanged excise duty rates for nearly seven years, the Government of India has announced an increase in excise duty on cigarette and pan masala prices rise, effective from February 1, 2026. This decision marks a major policy shift in the taxation of so-called “sin goods” and is expected to lead to higher retail … Read more
The relaunch of the Tata Sierra has generated strong interest among Indian car buyers, especially with expectations of both ICE and electric variants. Along with design and features, buyers should clearly understand how recent GST rules and existing tax structures affect the final cost and tax benefits of purchasing the new Tata Sierra. This article … Read more
New Delhi: As Indian investors explore options beyond traditional equity and debt, silver-based mutual funds are steadily gaining attention. Among the available choices, Kotak Silver ETF Fund of Fund – Direct Growth has emerged as a practical way to invest in silver without dealing with the storage issues of physical metal or the operational requirements … Read more
The GST portal has released a detailed FAQ for GSTR-9 & GSTR-9C for FY 2024-25, providing much-needed clarity on ITC reporting, auto-population, reversals, reclaims, and late fees. These updates are important for taxpayers, businesses, and professionals preparing annual returns. Below is a simplified and concise explanation of the key changes and rules. When Will GSTR-9 … Read more
Higher corporate profits, rising personal incomes, and improved tax compliance drive steady growth in direct tax revenues.India’s net Direct Tax collection rises 8%, Rs 17.05 lakh crore by December 17, 2025 supported by strong corporate earnings, higher individual income tax, and improved compliance, signalling economic stability. New Delhi: India’s net direct tax collection has recorded … Read more
In recent months, many taxpayers across India have received SMS and email alerts from the Income Tax Department regarding bogus political donation claims. These messages are part of a nationwide verification drive aimed at stopping misuse of tax deductions under Section 80GGC and Section 80GGB of the Income Tax Act. If you have claimed a … Read more
Tax systems around the world are changing—and fast. In a significant move toward modern governance, the Federal Government (FG) has joined hands with France to push forward digital tax transformation. At its core, this partnership is about one simple idea: making taxes easier, fairer, and more transparent for everyone. As governments increasingly rely on technology … Read more