Taxpayers with business or professional income now have until August 31, 2026, to file their income tax returns, extending the deadline for eligible individuals and easing compliance amid varying reporting requirements. The tax-filing season has reached a key deadline, and…
The Tamil Nadu government has launched a public consultation to explore innovative avenues for boosting the state’s finances, involving experts and citizens in shaping a more self-reliant fiscal future. The Tamil Nadu government has opened a public consultation on ways…
The Income Tax Appellate Tribunal’s decision may alter the tax treatment of ESOP buybacks in India, especially post-acquisition or restructuring, affecting startups and employees alike. The Income Tax Appellate Tribunal in Bengaluru has ruled that gains from the repurchase of…
India’s services economy expanded at its slowest pace since February 2022 in July, reflecting softer demand and ongoing challenges, despite positive business confidence and export gains. India’s services economy lost momentum in July, with a private survey showing the sector…
A parliamentary report calls for swift conclusion of India’s trade pact with the US, emphasising the need for protection against future tariff shocks and technical barriers to ensure stable export growth amid ongoing negotiations. India should conclude its proposed trade…
Finance Minister Nirmala Sitharaman announces plans to lower customs duties on most goods to single digits by 2027-28, as part of ongoing efforts to simplify India’s tax system and boost manufacturing linkages with fiscal discipline. Finance Minister Nirmala Sitharaman said…
India’s Commerce Department is overhauling its testing, certification, and accreditation framework to reduce export barriers and capitalise on recent trade agreements, aiming to strengthen the country’s global market share and support small and medium enterprises. India’s Commerce Department has begun…
India and Russia are actively working to double their bilateral trade to $100 billion by 2030, expanding beyond energy to include agriculture, pharmaceuticals, and engineering, amid growing labour and civil nuclear ties. India and Russia are pushing to lift annual…
The Reserve Bank of India has increased its upper-layer list of non-banking financial companies to 17 entities, incorporating four government-backed firms, as Tata Sons remains under regulator review amid debates over its public listing and governance. The Reserve Bank of…
India’s chemicals industry is benefiting from a strategic policy shift towards cluster-based ecosystems, aimed at lowering costs, boosting investment, and advancing higher-value outputs amid global trade shifts. India’s chemicals sector is drawing stronger policy support as the government pushes a…
