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One of the most notable changes is the introduction of a unified ‘Tax Year’. (AI image) By Sunil BadalaAs we approach FY 2026-27, the country stands at the cusp of one of the most significant overhauls of its income-tax framework in decades. With the introduction of the new Income-tax Act, 2025 and the Income-tax Rules,…
NEW DELHI: Letting a pet dog roam without a leash in public places could become expensive in Delhi, with a penalty set to rise from Rs 50 to Rs 1,000 under proposed amendments to municipal laws.The change is part of the Jan Vishwas (Amendment of Provisions) Bill, 2025, introduced in the Lok Sabha on Friday…
NEW DELHI: The Defence Acquisition Council (DAC), chaired by defence minster Rajnath Singh, on Friday granted Acceptance of Necessity (AoN) for defence procurement proposals worth about Rs 2.38 lakh crore, aimed at strengthening the operational capabilities of the armed forces.For the Indian Army, approvals include the Air Defence Tracked System, Armoured Piercing Tank Ammunition, High…
The US Supreme Court on Friday upended President Donald Trump’s tariff playbook – and temporarily flipped the winners-and-losers board for major exporters, with India and China among the clearest beneficiaries.Driving the news India DEFEATS Trump In Tariff War? EU-New Delhi FTA Drops Like A Bomb On US Strategy | Here’s How What happened: The court…
The Reserve Bank of India (RBI) on Thursday issued draft directions to revise and consolidate guidelines on the Kisan Credit Card (KCC) scheme, aimed at expanding coverage, streamlining operational aspects and addressing emerging requirements in the agriculture sector.The central bank has invited comments and feedback on the draft guidelines from regulated entities, members of the…
Bryson DeChambeau (Image Source: Getty) Nobody expected the opening week of the 2026 LIV Golf League season to be this contentious, but here we are after a brutal and direct shot from star player Bryson DeChambeau aimed squarely at the tour’s new tournament structure. The league, which was established with a 54-hole, three-round format, has…
Virat Kohli, Rohit Sharma, and Shubman Gill. (PTI Photo) NEW DELHI: The Board of Control for Cricket in India (BCCI) is set to make a major overhaul in its Annual Central Contracts system, with sweeping changes that could significantly reshape the hierarchy of Indian cricket’s elite players. As per an ANI report citing sources within…
India needs a comprehensive overhaul of its import tariff structure and customs administration to reduce trade costs, improve manufacturing competitiveness and revive export growth, think tank Global Trade Research Initiative (GTRI) said on Saturday, PTI reported. In a report titled A Blueprint for Modernizing India’s Import Tariffs and Customs Regime, GTRI recommended a gradual move…
Rationalising import duties and stepping up budgetary allocations in the upcoming Union Budget could give a strong push to domestic manufacturing and exports, Deloitte India said on Tuesday.The consulting firm said the Budget for 2026-27, which is scheduled to be presented on February 1, should build on the government’s ongoing efforts to strengthen manufacturing at…
The requirement to issue TDS and TCS certificates is increasingly seen as redundant. (AI image) India’s tax deduction at source (TDS) framework, originally designed as a mechanism to ensure steady revenue inflows and improve tax compliance, has over the years become a source of complexity, cash-flow stress and litigation for businesses. With the scope of…
