Net corporate tax collection increased 14.51 per cent to Rs 8.90 lakh crore, while tax collection from non-corporates, including individuals and Hindu Undivided Families (HUFs), grew 5.91 per cent to about Rs 10.03 lakh crore during the period, PTI reported.
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In a significant ruling, the Bombay High Court has reaffirmed that summonses issued under the CGST Act serve solely for the purpose of inquiries and recording statements, and do not authorize detention. A petitioner, who sought reparations for what they…
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India is entering a new era of opportunity. Strong trade deals with the US, UAE, Britain, and EU are opening global markets. The nation is excelling in advanced manufacturing, particularly in mobile phones and chip design.
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IDFC FIRST Bank has secured a crucial nod from the Reserve Bank of India. ICICI Prudential Asset Management Company, along with group entities of ICICI Bank, can now acquire up to 9.95% of the bank’s paid-up share capital. This development…
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India is set to release inflation figures using a new index on Thursday, which analysts predict may indicate elevated price pressures. This revised Consumer Price Index, reflecting updated spending patterns and new categories, could influence the central bank’s decision to…
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India’s trade surplus with the United States is projected to exceed 90 billion US dollars annually. This surge is driven by a significant rise in Indian exports to the US, potentially crossing 100 billion US dollars. Simultaneously, imports from the…
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