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Net direct tax collection rose 9.4 per cent to about Rs 19.44 lakh crore in the current financial year till February 10, supported by lower refund payouts and higher corporate tax collections, according to data released by the Income Tax Department on Wednesday.Net corporate tax collection increased 14.51 per cent to Rs 8.90 lakh crore,…
UAE Corporate Tax Exemption for Non-Commercial Sports Entities Announced In a significant fiscal and policy shift this week, the United Arab Emirates Ministry of Finance announced a new corporate tax exemption for non-commercial sports entities under Cabinet Decision No. (1) of 2026, marking a major development in how the UAE supports and positions its sporting…
It took Ajay Sharma Chinta nearly three months to speak openly about what happened to him.“It wasn’t easy,” he says. “I’m still looking for a job, and I was genuinely afraid that talking about my experience might affect my future prospects.”Ajay is soft-spoken, hardworking, and widely regarded by his colleagues as talented. He was part…
This IITian took a break from her high-paying corporate job to sell Pani Puri from her home kitchen and now owns a popular supper club in London Ankita Khante had done everything right—by the book. An IIT Guwahati graduate, she was working as a product designer with a reputed multinational company in Bengaluru when life…
Join Anil Kapoor as he takes you into the thrilling universe of ‘Family Business,’ the latest Netflix series that juxtaposes the fiery aspirations of the new generation against the steadfast traditions of old money. Shot across breathtaking locations globally, this drama unpacks the cutthroat arena of finance where fierce rivals relentlessly vie for superiority. Netflix…
US stock markets opened on a mixed note on Tuesday as strong earnings from major companies lifted technology shares. However, a sharp sell-off in health insurance stocks pulled the Dow Jones Industrial Average lower amid concerns over future Medicare payments.At 9:30 am ET, the Dow Jones Industrial Average fell 305.69 points or 0.62 per cent,…
Not all stories are celebrated because the people they belong too are quietly living with their laurels. Rakesh B. Pal speaks English with near-perfect accent and enunciation. He is sharp, intelligent, and an avid reader. He trains in martial arts every morning, attends dance classes in the evening, and drives an auto for a living….
Oscar-winning composer AR Rahman recently spoke about how the amount of work coming his way has reduced and hinted that it could be due to a ‘communal thing’. Though, he clarified that nothing of the sort has ever been directly expressed to him. His comments have now drawn reactions from several celebs and now veteran…
Current provisions permit filing of modified returns following a business reorganisation only where the original return has already been filed before the reorganisation order. By Shaily Gupta and Aanchal Jain As the Union Budget 2026 approaches, expectations are running high across corporate India. This year’s budget assumes added significance as it precedes the implementation of…
After laying off 14,000 employees last year, e-commerce major Amazon has now introduced a sharper question for its corporate workforce. As reported by Business Insider, Amazon has now asked its employees to list three to five accomplishments from the past year. As part of the annual performance review process, internally known as Forte, the employees…
