Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
September 1, 2026
Show AI Summary
Personal guarantor insolvency: repayment plan stayed pending majority determination, with restraint on direct or indirect asset alienation.
Personal-guarantee insolvency proceedings involve a stay on implementation of a repayment plan because the earlier members' views did not produce a clear majority capable of taking effect. The personal guarantor has been restrained from directly or indirectly alienating assets pending further hearing. The dispute follows split views on approval of the plan, claim admission and voting, followed by a third-member opinion that did not resolve the absence of a determinative majority. Creditors dispute the proposed recovery, claim treatment and declared net worth relevant to the guarantees.
September 1, 2026
Show AI Summary
Rupee exchange-rate movement reflects portfolio inflows, growth data and possible central-bank support, while crude oil prices constrain gains.
Foreign-exchange market conditions strengthened the rupee by 28 paise to 94.94 against the US dollar, supported by domestic growth, controlled fiscal slippage and portfolio inflows. Possible Reserve Bank of India intervention was also identified as supportive. Higher crude oil prices, weak domestic equities and hawkish US monetary-policy signals were identified as constraints on further appreciation. Foreign investment flows, stronger-than-expected domestic growth and the fiscal-deficit position remained material factors affecting currency conditions.
September 1, 2026
Show AI Summary
Money-laundering probe into public service recruitment irregularities examines alleged question-paper leaks, selection manipulation, and laundering through purported CSR donations.
Money-laundering investigation under the Prevention of Money Laundering Act concerns alleged irregularities in Public Service Commission recruitment examinations. Allegations include question-paper leaks, manipulation of candidate selection, and illegal gratification for securing appointments of relatives and favoured candidates. Recruitment rules were allegedly amended to facilitate selection of relatives. Alleged proceeds of crime were collected in cash and routed through layered banking transactions, including through a family-controlled samiti presented as receiving corporate social responsibility donations for a non-existent college.
September 1, 2026
Show AI Summary
Personal guarantor settlement scrutiny intensifies as asset alienation is restrained pending review of a disputed creditor repayment proposal.
A five-member special bench found that no clear majority view existed under section 419(5) of the Companies Act and stayed the third member's order that had permitted the proposed recovery. Notices were directed to all parties, and the guarantor was restrained from directly or indirectly alienating property pending further consideration. The dispute concerns approval of a personal guarantor's repayment proposal, treatment of guarantee claims, creditor voting support, assessment of the personal estate, and scrutiny of declared net worth.
September 1, 2026
Show AI Summary
Personal insolvency proceedings restrict property alienation while notices issue to parties in the debtor's case.
A five-member special National Company Law Tribunal bench hearing Subhash Chandra's personal insolvency matter issued notices to all parties and restrained him from alienating property directly or indirectly. The restraint applies during the continuing insolvency proceedings and concerns dealings with the relevant property. The procedural measure requires the interested parties to participate in the matter.
September 1, 2026
Show AI Summary
Aadhaar authentication alternatives enable eligible farmers with failed fingerprint verification to access loan-waiver benefits after identity verification.
Elderly farmers whose fingerprints cannot be captured for Aadhaar authentication may approach an Aaple Sarkar Seva Kendra with their Aadhaar card and bank passbook. Loan-account details are verified on the scheme portal before authentication is initiated. If authentication fails, the concerned tehsildar verifies identity using the Aadhaar card, bank passbook and 7/12 land record extract. Eligible farmers receive loan-waiver benefits directly in their bank accounts after authentication, identity verification and satisfaction of the scheme's eligibility criteria.
September 1, 2026
Show AI Summary
GST collection growth reflected higher domestic and import revenue, while increased refunds moderated net collections during August.
GST collections recorded year-on-year growth in August, with gross receipts reaching about Rs 2 lakh crore. Domestic transaction revenue increased to over Rs 1.37 lakh crore, while import-related revenue rose to Rs 62,604 crore. Refunds increased to Rs 31,795 crore, and net GST collections stood at Rs 1.68 lakh crore after refunds.
September 1, 2026
Show AI Summary
Personal insolvency repayment plan faces fresh hearing after a split bench prevents enforcement and restrains guarantor property transfers.
Personal insolvency proceedings were reopened before a five-member special bench after a split view on a repayment plan. As no majority view existed, including that of the third member, no final order was in force and the repayment-plan determination could not be acted upon. Notices were issued to all parties, including dissenting creditors, and the guarantor was restrained from directly or indirectly alienating property pending further consideration. Dissenting creditors also challenged the repayment-plan determination before the appellate tribunal.
September 1, 2026
Show AI Summary
Equity market sentiment weakens as higher crude prices, geopolitical tensions and tighter monetary policy expectations curb risk appetite.
Equity-market sentiment weakened as higher crude oil prices, renewed US-Iran tensions, and expectations of prolonged tight US monetary policy reduced emerging-market risk appetite. The Sensex and Nifty declined, while domestic GDP growth above projections offered partial support. Weakness in several Asian markets, a lower US market close, and net foreign institutional equity sales reinforced cautious trading conditions.
September 1, 2026
Show AI Summary
Money laundering investigation triggers searches linked to alleged Public Service Commission irregularities, including premises of a former chief minister's assistant.
A money-laundering investigation under the Prevention of Money Laundering Act has led to searches at seven locations in Chhattisgarh in connection with alleged irregularities at the Chhattisgarh Public Service Commission. The search operation includes the premises of K. K. Chandrakar, personal assistant to former Chief Minister Bhupesh Baghel. The investigation remains at the search and inquiry stage.
September 1, 2026
Show AI Summary
Income-tax return filing: non-audit business and professional taxpayers use applicable forms by prescribed due dates.
August 31, 2026 was the due date for taxpayers having business or professional income who were not subject to audit. Such non-audit taxpayers may use ITR-3, ITR-4, ITR-5 or ITR-7, as applicable. ITR-3 applies to individuals and Hindu Undivided Families with proprietary business or professional income, while ITR-4 is intended for small and medium taxpayers. ITR-5 applies to firms, limited liability partnerships and cooperative societies, and ITR-7 applies to trusts and charitable institutions.
September 1, 2026
Show AI Summary
Gold smuggling enforcement targets transit abuse, concealed carriage, and border routes through coordinated seizures and arrests nationwide.
Intelligence-led enforcement against organised gold smuggling resulted in the seizure of over 42 kg of foreign-origin gold and around 10 kg of foreign-origin silver, collectively valued at more than Rs. 65 crore, and the arrest of 25 persons. Operations targeted networks using airport transit routes, airport personnel, land-border corridors, coastal routes, and domestic road transport. Gold was concealed in wax, compound, paste, raw-chain and bar forms, including through body concealment, internally secreted capsules, clothing, and specially created cavities.
September 1, 2026
Show AI Summary
Predictive consumption-expenditure framework will use household survey data to support poverty estimation, consumption analysis, and economic planning.
MoSPI and Thapar Institute of Engineering & Technology have entered into a memorandum of understanding for a research study to develop a predictive and analytical framework for monthly consumption expenditure in India. The study will use Household Consumption Expenditure Survey data to estimate Monthly Per Capita Consumption Expenditure at national and state levels, analyse household consumption patterns, and generate evidence relevant to poverty estimation and broader economic planning.
August 31, 2026
Show AI Summary
Personal insolvency repayment plans: conflicting views on binding dissenting creditors prompted reconsideration through an expanded adjudicatory bench.
National Company Law Tribunal constituted a five-member bench after conflicting views on a personal insolvency repayment plan left no majority position for a formal order. The central issue is whether creditor approval of the plan binds dissenting creditors and extinguishes their claims against the personal guarantor. One view preserved dissenting creditors' independent recovery rights, while another applied the creditor-approved plan uniformly to all creditors. Disagreement also concerns the Adjudicating Authority's power to examine the resolution professional's report of the creditors' meeting.
August 31, 2026
Show AI Summary
Personal insolvency repayment plans raise unresolved questions on dissenting creditors' rights and uniform extinguishment of claims.
Personal insolvency proceedings were referred for fresh adjudication because no majority emerged on the repayment plan. The Technical Member rejected the plan; the Judicial Member confined it to consenting creditors while preserving dissentents' recovery rights; and the Third Member approved it with uniform extinguishment of all creditors' claims. The dispute concerns whether creditor approval under section 115(1) binds dissenting creditors, the effect of section 79(2)(g), and the Adjudicating Authority's power to examine the Resolution Professional's creditors' meeting report.
August 31, 2026
Show AI Summary
Rupee exchange-rate support through suspected intervention and FCNR(B) inflows offset pressure from dollar strength and higher crude prices.
Rupee exchange-rate movement reflected a recovery from early losses to close stronger against the US dollar, amid market expectations of Reserve Bank of India support at lower trading levels. Pressure arose from higher US Treasury yields, possible US rate-hike expectations and a broad dollar rally. Suspected intervention, FCNR(B)-related foreign-currency flows and the special USD-INR forex swap facility supported sentiment, while rising crude prices, geopolitical supply risks and foreign institutional equity outflows remained adverse factors.
August 31, 2026
Show AI Summary
Income-tax return filing for non-audit business and professional taxpayers closes at midnight, requiring use of applicable forms.
Income-tax return filing for Assessment Year 2026-27 reaches its due date on 31 August 2026 for taxpayers having business or professional income who are not subject to audit. Such taxpayers may file the applicable ITR-3, ITR-4, ITR-5 or ITR-7. ITR-3 applies to individuals and Hindu Undivided Families with proprietary business or professional income, ITR-4 to small and medium taxpayers, and ITR-5 to firms, limited liability partnerships and cooperative societies.
August 31, 2026
Show AI Summary
Monthly fiscal accounts track receipt composition, expenditure allocation, tax devolution, interest payments, and major subsidy outgo through July.
Union Government monthly accounts through July 2026 record total receipts comprising net tax revenue, non-tax revenue and non-debt capital receipts, with tax devolution transferred to State Governments. Total expenditure is divided between revenue and capital expenditure. Revenue expenditure includes interest payments and major subsidies.
August 31, 2026
Show AI Summary
Personal guarantor insolvency distinguishes guarantee liability from borrower debt while creditor voting challenges question repayment-plan approval.
Personal insolvency proceedings concerning personal guarantees distinguish a guarantor's liability from the underlying borrowing entities' debts. Claims against the guarantor arise from guarantees furnished for loans obtained by Essel Group-associated entities, while the borrowers' repayment obligations remain enforceable and creditors may pursue corporate assets and securities. Dissenting lenders have challenged the resolution-plan voting process, alleging that family-linked associates or related parties should have been excluded from committee of creditors voting.
August 31, 2026
Show AI Summary
National accounts revisions align GDP and sectoral estimates with updated price, production and banking service indicators.
National Accounts Statistics-2026 incorporates updated Producer Price Index, Index of Industrial Production and Banking Services Price Index series with base year 2022-23 into annual and quarterly GDP estimates. The revised indicators expand coverage, update weights and improve price mapping for national-account activities. GDP and gross value added estimates from 2022-23 onwards are revised at current and constant prices, with sector-specific effects in mining and quarrying, manufacturing, trade services, general government and departmental enterprises. Supply and Use Tables for 2022-23 and 2023-24 are also updated.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Showing Results for : Reset Filters

Bold Startup-Led Measures & Tax Relief: Startup Policy Forum Members Applaud Union Budget 2025 for Fueling India’s ‘Viksit Bharat’ Vision

February 3, 2025

Contents
Summary
Note

Note

-

Bookmark

Print

Print

New Delhi, Delhi, India – Business Wire India Startup Policy Forum (SPF) members – leading startup founders and CEOs across sectors - have unanimously lauded the budget as a “game-changing catalyst” for the Indian economy and ecosystem, calling it a transformative moment that spurs innovation, fuels consumption-led growth and promotes inclusion. Startup industry leaders emphasized that the budget’s bold measures—from tax relief for the middle class to enhanced credit access for MSMEs and fund of funds for startups—will unlock spur consumption, entrepreneurship, and global competitiveness, positioning India as a 21st-century economic powerhouse.

SPF founding members shared their perspectives on the Union Budget 2025, highlighting its impact on startups, MSMEs, and economic growth. “This budget strikes a thoughtful balance between fiscal prudence and aggressive growth,” said Harshil Mathur, CEO of Razorpay while OYO’s Ritesh Agarwal hailed the shift from “celebrating valuations to creating value,” emphasizing India’s dual focus on empowering AI researchers and small-town entrepreneurs.

Find below the reactions from the Startup Policy Forum (SPF) founding members: • Harshil Mathur, CEO & Co-Founder, Razorpay: "The Union Budget 2025 strikes a thoughtful balance between stimulating consumption, maintaining fiscal prudence, and fostering long-term economic growth. The significant tax cuts are a timely move to drive greater consumption, putting more money in the hands of the middle class, which will ultimately boost demand across sectors. The budget reinforces the government’s commitment to building a business-friendly regulatory environment—one that empowers startups and MSMEs to scale with confidence. The push towards MSMEs with enhanced credit guarantees, the introduction of special cards for micro-enterprises, and the Rs. 30,000 UPI limit on credit cards for street vendors is a game-changer, promoting financial inclusion, driving digital transactions, and creating employment. Furthermore, the establishment of a mechanism under the Financial Stability and Development Council (FSDC) to assess financial regulations is a proactive step toward ensuring regulatory adaptability." • Kunal Shah, Founder, CRED: “New income tax limits could cause big jump in Gen Z consumption spends.” • Amrish Rau, CEO, Pine Labs: “Middle class India is earning between 6-12 Lakhs. Returning 60-70K back will help them invest in children education, housing and family care. These tax cuts will provide a boost to consumption and economic activity in non-metro city. The move will have long term positive implications.” • ⁠Lalit Keshre, Co-Founder & CEO, Groww: “The revised tax structure leaves more money in hand for the middle class, empowering retail investors to allocate more towards wealth creation. This will further boost financialisation of savings, as retail investors look to build long-term financial security.” • Ritesh Agarwal, Founder & Group CEO, OYO: "We need to look beyond the Rs 10,000 crore headline - what's exciting isn't just the capital, it's the confidence. After almost a decade of Startup India, we're moving from celebrating valuations to creating value. This Budget shows we understand that building for India means empowering both the AI researcher and the small-town entrepreneur. That's how you create an innovation economy, not just a startup economy." • Varun Dua, CEO, Acko: “The move to 100% FDI in insurance is a bold step toward India’s vision of ‘Insurance for All by 2047,’ unlocking global capital, innovation, and deeper market penetration.” • Aloke Bajpai, Group CEO, ixigo: “We are pleased that the government will continue to prioritize the UDAN scheme to enhance regional air connectivity, benefiting travelers from Tier 2 and Tier 3 cities. Great to see focus on developing greenfield and brownfield airports in Bihar and expansion of Patna airport. For a population of 120+ million, we had only 3 operational airports there. The development of new airports is essential to meet the rising demand for air travel, support first-time flyers, and accommodate the region’s growing air traffic. The government's continued focus on developing 50 new tourist destinations, with a special emphasis on spiritual sites, will further drive growth of domestic and inbound travel. Spiritual tourism has been witnessing strong growth in the last two years. Bookings to destinations like Varanasi, Gaya, Shirdi, Puri, Haridwar, and Vaishno Devi increased by 100-150% YoY on ixigo last quarter. Initiatives like visa fee waivers and e-visa options for select tourist groups will further enhance India’s appeal as a global destination, making travel more accessible and boosting inbound tourism.” • Bipin Preet Singh, Co-founder & MD, MobiKwik: "This budget is a game-changer for India's entrepreneurs, especially MSME which drives our economy. By expanding credit guarantees and easing access to capital for startups, it empowers businesses to grow fearlessly. The introduction of a new Fund of Funds scheme (FFS) with an expanded scope and a fresh contribution of another Rs 10,000 crore is a welcome move and will provide a much-needed boost to the startup ecosystem. It is a bold step towards an Atmanirbhar Bharat. Moreover, the exemption of income tax for salaried individuals earning up to Rs.12 lakh brings significant relief to the middle class.” • Pallavi Shrivastava, Co-founder, Progcap: “Progcap welcomes the Union Budget 2025, which strengthens the foundation for MSME growth by addressing long-standing challenges in access to credit, scalability, and global competitiveness. With MSMEs contributing 45% to India’s exports, the newly announced export promotion mission will help businesses navigate non-tariff barriers and expand globally. As MSMEs scale up to meet global demand, they will need stronger financial, technical, and skilling support. We believe these budgetary measures will catalyse the next wave of MSME growth, fostering a more inclusive and resilient financial ecosystem. Progcap looks forward to working with MSMEs to leverage these opportunities, ensuring they have the credit, flexibility, and support needed to grow, innovate, and thrive.” • ⁠Ramakant Sharma, Founder, Livspace: “The Union Budget 2025 has introduced host of measures & initiatives aimed at various sectors including the Start-up ecosystem thereby paving the way for transformative & innovative business models. The new tax structure is a welcome move as it provides the middle class, great relief by making income upto 12 LPA tax free- leading to more consumption, which will usher in good growth and therefore re-energise our economy overall.” • ⁠Jitendra Gupta, Founder & CEO, Jupiter: "Budget is quite focused on increasing growth via consumption of middle class which is a very good step. And focus on SME and startup in budget through higher credit guarantee is another very progressive step from the govt. Overall, a very development focused budget." • ⁠Shashank ND, Cofounder & CEO, Practo: “This budget takes important steps to strengthen India's medical tourism sector, especially in light of the expected shortage of 10 million healthcare workers by 2030. It reinforces the vision of ‘Heal in India’ and ‘Heal by India,’ positioning India as a global leader in healthcare. With partnerships between the public and private sectors, and the addition of 75,000 new medical seats, we can meet both domestic and global demand, ensuring India becomes a high-quality global hub for healthcare. Together, we can make this vision a reality.” • Nalin Negi, CEO, BharatPe: "The changes in tax slabs introduced in this year’s Budget are a big relief for the middle class, putting more money in their hands. With higher disposable income, people will feel more confident about investing in wealth-building opportunities while also spending more on everyday needs. This will not only boost demand for investment products but also drive overall economic growth." • Sanket Shah, CEO, InVideo: “It will go down as a historical budget. If the consumption in the country grows exponentially, we will see a big impact on the overall economic growth. This is what India needs.” • ⁠Anirudh Sharma, Founder & CEO, Digantara: “Slashing customs duties on ground installations for satellites and satellite/rocket components along with a strong budget push for space, is a massive tailwind for India’s space sector. This bold, forward-looking move cuts costs, accelerates deployment, and strengthens the foundation of a spacefaring nation. For Digantara, it significantly reduces overheads and fuels local development, enabling us to scale faster and drive innovation in India’s growing space ecosystem.” • Vikram Chopra, CEO, CARS24: “With the tax exemption raised to Rs.12L, over 7 crore families now have greater financial flexibility. For many, the dream of car ownership is now within reach. At CARS24, we see this shift firsthand—65% of used car buyers upgrade from two-wheelers, seeking safer & better mobility. More income = better drives, better lives. Exciting times ahead for India’s auto industry!”​ • Amit Jain, Co-Founder and CEO, CarDekho: “The Budget’s special focus on the electric vehicle (EV) ecosystem is a noteworthy step towards advancing sustainable mobility. The inclusion of 35 additional capital goods for EV battery manufacturing under the exemption list is a game-changer. Additionally, the exemption of scrap materials such as lithium-ion batteries, lead, zinc, and 12 other critical minerals will further accelerate the growth of the e-mobility sector.” To View the Image, Click on the Link Below: Startup Policy Forum (SPF) Members Applaud Union Budget 2025 (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR PWR

Topics

Acts Income Tax