As Finance Minister Nirmala Sitharaman readies Budget 2026, ASSOCHAM has urged greater direct-tax clarity under the Income Tax Act, seeking SEP rationalisation, tax certainty for data-centre investments, and an extension of the 15% manufacturing tax rate. But will these reforms…
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A case involving fraudulent availment of Input Tax Credit (ITC) amounting to approximately ₹31.95 crore has been detected, as reported by the Ministry of Finance in an official release.
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Indian refiners, responsible for over half of the nation’s Russian crude imports, have halted purchases for upcoming months. This decision follows US sanctions on major Russian producers, leading top buyers like Reliance Industries to cease Russian cargo acquisition. Smaller entities…
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As Finance Minister Nirmala Sitharaman prepares to present the Union Budget 2026 on February 1, ASSOCHAM has urged the government to introduce a one-time customs amnesty scheme, operationalise voluntary disclosure provisions, and align customs and transfer pricing valuations, but will…
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Tata Consultancy Services is investing $6.5 billion to bolster its digital capabilities and guard against “tech colonization” as India’s digital infrastructure demand surges. The company aims to become the world’s largest AI-led services firm, funding this expansion through a mix…
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India’s IPO market anticipates a blockbuster November, with over ₹76,000 crore in public issues expected across various sectors. This surge is driven by a strong Q4 trend, a rebound in the secondary market, and the urgency to comply with US…
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