The further softening of the CPI inflation in June to 2.10 per cent — lowest year-on-year inflation recorded since January 2019 — gives the Reserve Bank of India (RBI) significant room to manoeuvre but we do not expect an immediate…
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The Income Tax Department has launched extensive raids across India, targeting individuals and entities involved in facilitating fake tax deductions. Over 200 premises were searched, focusing on fraudulent claims related to political donations, tuition fees, and medical expenses. Investigations revealed…
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At the CII GCC Summit, MeitY emphasised expanding India’s global capability centres (GCCs) beyond six key hubs to tier-II cities. Industry leaders stressed infrastructure upgrades, digital talent platforms, and innovation focus. A national GCC policy is in development, with potential…
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India’s tax administration has undergone a significant transformation, marked by a five-fold increase in income tax refunds and a three-fold rise in direct tax collections. The processing time for refunds has drastically reduced from 93 days to just 17, driven…
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Bitcoin hits a new high, and Indian platforms introduce crypto options. This follows the launch of crypto futures. Traders are drawn to leverage and potential tax benefits. The crypto rally is boosted by hopes of US regulation. Volumes are still…
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The Supreme Court provided relief to InterGlobe Aviation and SpiceJet. It dismissed the customs department’s appeal. The appeal sought integrated goods and services tax retrospectively. This was for re-import of aircraft parts after foreign repairs. The court stated that a…
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