TAXATION


Moneylife Digital Team 10 March 2026
The National Stock Exchange of India Ltd (NSE) has directed its trading members, including brokers and sub-brokers, to furnish details of excess securities transaction tax (STT) collected from clients but not remitted to the government for FY23-24 and preceding years, following instructions...

Read More



Moneylife Digital Team 10 March 2026
The income tax (I-T) department has detected suppression of sales worth around ₹408 crore in the restaurant sector following a nationwide survey conducted across multiple cities, the Union ministry of finance says in a release.   According to an official statement, the department conducted...

Read More



Debayan Roy (Bar  and   Bench) 09 March 2026
The Supreme Court on Monday declined to entertain a petition challenging provisions of the Income Tax Act, 2025, which empower tax authorities to conduct raids without notice and search not only physical spaces but also private computer systems and virtual digital spaces while probing suspected...

Read More



Moneylife Digital Team 07 March 2026
The income tax appellate tribunal (ITAT) has set aside a reassessment order passed against former Indian Premier League (IPL) commissioner Lalit Kumar Modi pertaining to his taxable income for FY10-11, ruling that the reassessment proceedings were fundamentally flawed on jurisdictional...

Read More



SN Thyagarajan (Bar  and   Bench) 05 March 2026
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has set aside a service tax demand of over ₹56 lakh raised against actor Rajinikanth for leasing a property to a hotel operator (R Rajinikanth Vs Commissioner GST & Central Excise).   A Bench of Member...

Read More



Moneylife Digital Team 05 March 2026
A trade court in the US has directed federal authorities to begin refunding tariffs collected under president Donald Trump’s global import duties that were invalidated by the Supreme Court last month, marking a significant development in a legal battle involving billions of dollars.   Judge...

Read More



Moneylife Digital Team 28 February 2026
In a major development that sent ripples through the banking sector, Fino Payments Bank Ltd's managing director and chief executive officer (MD&CEO) Rishi Gupta, has been arrested under provisions of the goods and service tax (GST) law. While the board appointed Ketan Merchant, its chief...

Read More



Major DP Singh 19 February 2026
The Union Budget 2026 has triggered sharp concern within the armed forces community after the finance minister (FM) announced that disability pensions of armed forces personnel who continue in service until superannuation would be brought under the tax net. The proposal, as it stands, is not...

Read More



Moneylife Digital Team 09 February 2026
With less than two months to go before India’s biggest direct tax overhaul in six decades takes effect, the income-tax (I-T) department has invited public and stakeholder feedback on the draft Income-tax Rules and Forms, 2026, signalling the final phase of preparations for the new Income-tax...

Read More



Moneylife Digital Team 03 February 2026
The Mumbai bench of the income tax appellate tribunal (ITAT) has delivered a strong rebuke to the tax department’s practice of making additions for alleged 'on-money' payments based solely on third-party statements, holding that taxpayers cannot be compelled to prove a negative in the absence...

Read More



Moneylife Digital Team 02 February 2026
The sharp rise in retail participation in India’s derivatives market and mounting regulatory concerns over speculative trading have emerged as key themes behind the Union Budget 2026 decision to raise the securities transaction tax (STT) on futures and options (F&O).   A Lok Sabha reply by...

Read More



Moneylife Digital Team 02 February 2026
The Union Budget 2026 has delivered a significant policy shift for investors in sovereign gold bonds (SGBs), effectively ending the long-held assumption that capital gains on these instruments are tax-free at maturity for all holders.   With gold prices touching record highs and investors...

Read More



Moneylife Digital Team 02 February 2026
Union Budget 2026 has unveiled a series of targeted measures aimed at easing investment, taxation and compliance for non-resident Indians (NRIs) and persons resident outside India (PROIs), signalling a renewed effort by the government to deepen economic engagement with the Indian...

Read More



Moneylife Digital Team 01 February 2026
Signalling continuity after last year’s sweeping overhaul of the tax regime, finance minister (FM) Nirmala Sitharaman on Sunday left personal income-tax (I-T) rates and slabs unchanged in the Union Budget 2026–27. Instead of altering rates, the government has chosen to focus on simplifying...

Read More



Moneylife Digital Team 01 February 2026
The income tax (I-T) department on Sunday issued a clarification on the increase in securities transaction tax (STT) on derivatives, stating that the higher rates apply only to futures and options (F&O) transactions (sale and exercise), while all other STT rates remain unchanged. "The revised...

Read More



Prashant Jha (Bar  and   Bench) 19 January 2026
The Delhi High Court on Monday quashed the income tax reassessment notices issued to NDTV founders Prannoy Roy and Radhika Roy in March 2016 over certain interest-free loans advanced by RRPR Holding, the promoter of NDTV.    A Division Bench of Justices Dinesh Mehta and Vinok Kumar also...

Read More



Makar Sankranti, in the south of the country, particularly in Tamil Nadu, is the harbinger of a new solar month that is eagerly awaited to start new initiatives—a marriage in the family, buying a house, or starting a business.   Even the most sanguine in the finance ministry would not have...

Read More



Moneylife Digital Team 15 January 2026
In a significant blow to foreign investors leveraging offshore structures, the Supreme Court of India has ruled that US-based investment firm Tiger Global must pay capital gains tax on its US$1.6bn (billion) stake sale in Flipkart to Walmart in 2018. The verdict, delivered by justice JB...

Read More



KBS Sidhu 14 January 2026
What the Income-Tax Numbers Reveal Beyond the CBDT Press Note   India’s latest direct-tax numbers paint a picture that is neither a triumph nor a disaster. They suggest a system that remains broadly stable in aggregate, but one that is increasingly dependent on individuals—and on accounting...

Read More



Moneylife Digital Team 08 January 2026
US president Donald Trump has backed a hardline bipartisan sanctions bill that would allow Washington to impose tariffs of up to 500% on countries purchasing Russian oil, significantly raising pressure on major buyers such as India, China and Brazil.   The development was confirmed by...

Read More

Free Helpline
Legal Credit
Feedback