Tag: Direct tax

Wealth funds warm to active management – and China

MarketJuly 13, 2025

By Libby George and Marc Jones LONDON (Reuters) -The world's sovereign wealth funds are turning to active fund management and investments in China, while central banks are...

I-T refunds up 6x in 11 years at ₹4.8L crore

EconomyJuly 13, 2025

The income-tax department has issued ₹4.76 lakh crore in refunds in FY25, a staggering increase from ₹83,008 crore in FY14, officials said.This 474% surge in 11 years outpaces the 274% growth recorded in gross direct...

No GST on UPI transactions over Rs 2,000, clarifies govt; terms rumors as baseless

EconomyApril 18, 2025

The Ministry of Finance has categorically denied recent rumors suggesting that it is planning to impose Goods and Services Tax (GST) on Unified...

Revamping I-T Act: Sitharaman to introduce revised bill half the length of current code for greater simplicity

EconomyFebruary 2, 2025

Finance minister Nirmala Sitharaman will introduce a new income tax bill in parliament next week that will be half as long as the...

Govt releases tax devolution of Rs 1.73 lk cr to states to accelerate capital spending

EconomyJanuary 10, 2025

The Union Government on Friday released tax devolution of Rs 1,73,030 crore to state governments, as against the devolution of Rs 89,086 crore...

Caramelised popcorn’s sweetness in jeopardy? Sitharaman’s GST clarification adds a tangy twist

EconomyDecember 21, 2024

The GST Council, led by Finance Minister Nirmala Sitharaman, has clarified the tax treatment of popcorn. It has been decided that pre-packed and...

India’s vision is to become world’s most efficient and trusted trade hub: Revenue secy

EconomyNovember 29, 2024

New Delhi: India's vision is to become the world's most efficient and trusted trade hub by expanding participation of authorised economic operators (AEOs),...