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 2, 2026
Show AI Summary
Healthcare merger approval enables KCIL to acquire fertility and specialty hospital businesses alongside related equity issuances and investment.
Competition Commission approval covers KCIL's acquisition of up to 100% equity shareholding in AFCPL and 100% equity shareholding in ASHPL. The combination includes KCIL issuing equity shares and optionally convertible debentures to AHLL, representing 9.9% fully diluted shareholding as partial consideration, together with a further KCIL equity investment by Arvon Investments Pte. Ltd. KCIL operates mother and baby care hospitals, while AFCPL provides assisted reproductive treatment and reproductive-medicine services.
September 1, 2026
Show AI Summary
Money-laundering investigation into alleged District Mineral Fund diversion examines purported liaison activity and asset acquisition through proceeds of crime.
Money-laundering proceedings under the Prevention of Money Laundering Act concern alleged diversion of District Mineral Fund resources through the Chhattisgarh Seed Corporation. The investigation alleges siphoning of public funds by contractors in collusion with government officials and political executives. A businessman was identified as an alleged liaisoner and financial coordinator between public servants, district authorities and private vendors. Allegations also include receipt of commissions, acquisition of immovable assets from purported proceeds of crime, non-production of records, and contradictory statements during questioning.
September 1, 2026
Show AI Summary
Foreign exchange market dynamics: rupee appreciation reflected portfolio inflows, domestic growth, and possible central-bank intervention amid external pressures.
The rupee appreciated against the US dollar, supported by domestic growth, controlled fiscal slippage, portfolio-related inflows and possible Reserve Bank of India intervention. Its gains were limited by weak equity markets, rising crude oil prices and a stronger dollar. External geopolitical tensions and hawkish US monetary signals remained potential pressures. Domestic indicators showed strong economic activity, while the current account deficit widened because of a higher merchandise trade deficit. Foreign portfolio inflows continued despite investors remaining net sellers during the year.
September 1, 2026
Show AI Summary
Current account deficit widened as merchandise trade deficit increased, notwithstanding stronger services receipts, remittances, and foreign direct investment inflows.
India's current account deficit widened in the first quarter of 2026-27 as the merchandise trade deficit increased. Higher net services receipts, increased personal transfer receipts and lower net primary-income outgo partly supported the external account. Financial-account movements included higher net foreign direct investment inflows, a shift in foreign portfolio investment from net inflow to net outflow, and lower net inflows through non-resident deposits and external commercial borrowings. Foreign exchange reserves declined on a balance-of-payments basis during the quarter.
September 1, 2026
Show AI Summary
Technology-enabled tax compliance and enforcement supported higher commercial tax collections, while GST rate reductions moderated sectoral net GST growth.
Technology-enabled tax administration supported commercial tax and net GST collection growth in Andhra Pradesh during August 2026 and the cumulative period through August. AI-based analytics and scrutiny, IGST reversals, UPI-based enforcement, registration verification, Aadhaar authentication, digital payment enablement, predictive analytics and data sharing strengthened compliance, scrutiny and revenue mobilisation. Petroleum VAT, professional tax, liquor VAT and IGST settlement also increased, while GST rate reductions moderated net GST performance in specified product sectors.
September 1, 2026
Show AI Summary
Windfall gains tax on petroleum exports rises for petrol and diesel while aviation turbine fuel levy is reduced.
Special additional excise duty and road and infrastructure cess on petroleum-product exports are revised with effect from 1 September 2026. The export duty on diesel is increased, the levy on aviation turbine fuel is marginally reduced, and a duty is imposed on petrol exports. Existing duty rates for petrol and diesel cleared for domestic consumption remain unchanged. The windfall-tax framework seeks to support domestic fuel availability and deter exporters from benefiting from domestic and international price differences.
September 1, 2026
Show AI Summary
Automated Free Sale and Commerce Certificate issuance reduces manual scrutiny while preserving risk-based review for eligible exporters.
DGFT has enabled automated issuance of Free Sale and Commerce Certificates through its portal for eligible exporters of items not covered by the Drugs & Cosmetics Act, 1940. Applications satisfying prevailing framework and automated processing parameters may be issued without manual scrutiny. Applications requiring verification or not meeting those parameters may be routed for manual processing, while auto-approved applications may be flagged later for risk-based review. The mechanism seeks faster, more transparent and predictable processing while retaining necessary oversight.
September 1, 2026
Show AI Summary
Five-day banking and equitable performance incentives drive planned nationwide bank union strike amid unresolved pension demands.
United Forum of Bank Unions has proposed nationwide strike action over delayed five-day banking, the performance-linked incentive framework, and unresolved pension demands. Five-day banking was agreed under the 12th Bipartite Settlement/9th Joint Note with extended Monday-to-Friday working hours, but remains pending for implementation. Unions challenge the incentive scheme for departing from a uniform, bank-performance-linked approach and for disproportionately benefiting senior officers. The dispute is under conciliation and pending before the Delhi High Court, while pension updation, a uniform dearness allowance formula, and an old pension scheme option remain unresolved.
September 1, 2026
Show AI Summary
Equity market volatility intensified as higher crude prices, geopolitical tensions and tighter monetary expectations weakened domestic investor sentiment.
Indian equity markets closed marginally lower as higher crude oil prices, US-Iran tensions, and expectations of prolonged tight United States monetary policy weakened risk appetite. The phased Closing Auction Session contributed to a late recovery in the benchmark index. Rising crude prices and global bond yields triggered broad-based selling across several domestic sectors, while foreign institutional equity sales and weakness in overseas markets added to pressure despite stronger-than-expected domestic economic growth.
September 1, 2026
Show AI Summary
GST revenue collections show higher gross and net receipts alongside increased refunds and state-level settlement data.
GST revenue collections for August 2026 recorded total gross GST revenue of Rs. 1,99,853 crore, reflecting 14.8% growth over August 2025. Total refunds were Rs. 31,795 crore, including domestic refunds and export IGST refunds processed through ICEGATE. After adjustment of refunds, total net GST revenue was Rs. 1,68,057 crore, representing 8.3% growth. SGST collections and the SGST component of IGST settlement were separately identified for States and Union Territories, with post-settlement SGST aggregating Rs. 95,531 crore.
September 1, 2026
Show AI Summary
Trade facilitation and customs preparedness feature in AILBIEA's Silver Jubilee knowledge conference on liquid bulk commerce.
AILBIEA's Silver Jubilee programme focuses on trade facilitation, customs modernisation, GST dispute preparedness and maritime-risk issues affecting liquid bulk trade. The Knowledge Conference includes sessions on the Authorised Economic Operator advantage, next-generation customs technology, GST Appellate Tribunal-era dispute preparedness, and geopolitical risks to sea-borne trade. It also marks the launch of AGS 360, integrating port information, vessel tracking, port-call estimates and maritime intelligence.
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.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Showing Results for : Reset Filters

HIGHLGHTS

February 1, 2026

Contents
Summary
Note

Note

-

Bookmark

Print

Print

New Delhi, Feb 1 (PTI)Following are the top stories at 9.20 pm: TOP STORIES DEL232 2NDLD BUDGET (7.54 PM)

FY27 Budget: Capex, manufacturing, tax incentives take centre stage; markets wobble on STT hike New Delhi: Finance Minister Nirmala Sitharaman on Sunday announced measures to boost manufacturing, offered long-term tax incentives for global data centres, and support for agriculture and tourism as she unveiled a Rs 53.5 lakh crore Union Budget for 2026-27, seen as a long-term blueprint for sustaining growth amid rising global risks.

PAR132 LS-LD FINANCE COMMISSION (2.07 PM)

16th Fin Comm recommends states share in Central taxes at 41 pc for 5 years till 2031 New Delhi: The 16th Finance Commission, headed by former Vice-Chairman of the Niti Aayog Arvind Panagariya, has recommended retaining states' share in Central taxes at 41 per cent for the five-year period beginning April 1, 2026.

DEL257 BUD-2NDLD CAPEX (9.04 PM) Govt hikes capex target to Rs 12.2 lakh crore for FY27 New Delhi, Feb 1 (PTI) Sustaining focus on public expenditure, Finance Minister Nirmala Sitharaman on Sunday raised the capex target to Rs 12.2 lakh crore for FY27 from the revised estimate of Rs 10.95 lakh crore for the ongoing financial year.

DEL226 BUD-DIVIDEND (7.38 PM)

Centre expects Rs 3.16 lakh cr dividend from RBI, banks in FY27 New Delhi: The Centre expects Rs 3.16 lakh crore in dividends and surpluses from the Reserve Bank of India, nationalised banks, and financial institutions in 2026-27, up about 3.75 per cent over the current fiscal.

PAR133 LS-BUDGET-SIDELIGHTS (3.49 PM)

Sitharaman skips poetry, keeps focus on investments, growth in 85-min Budget speech New Delhi: Draped in a purple Kanjivaram saree with golden checks and a coffee brown border featuring intricate thread work, Finance Minister Nirmala Sitharaman honoured the weaving traditions of her poll-bound home state of Tamil Nadu as she presented a record ninth consecutive Union Budget in the Lok Sabha on Sunday.

DEL258 PB-MODI-LD BUDGET (9.08 PM)

Budget focuses on making cities centres of development; EU trade deal to benefit Punjab: Modi Jalandhar: Prime Minister Narendra Modi on Sunday said the Union Budget 2026-27 laid huge focus on transforming Jalandhar, Ludhiana and many other cities of the country into big centres of development.

DEL231 POLL BOUND STATES-BUD-REAX (7.52 PM)

Leaders from poll-bound Kerala, West Bengal, Tamil Nadu slam Union Budget, Assam CM welcomes it New Delhi: Leaders of the ruling parties in election-bound Kerala, Tamil Nadu and West Bengal slammed the Union Budget on Sunday for "overlooking" their states, even as Himanta Biswa Sarma, the chief minister of Assam, where polls are also due this year, welcomed it.

DEL217 BUD- DEF 3RDLD-ALLOCATION (7.13 PM)

Lessons from Sindoor: India allocates Rs 7.85 lakh cr for defence; capital outlay up by nearly 22 per cent New Delhi: India on Sunday set aside Rs 7,84,678 crore as defence outlay for 2026-27 in a steep hike of 15 per cent over last year's allocation of Rs 6.81 lakh crore amid the military's renewed push to procure new weapon systems in the face of security challenges from China and Pakistan.

DEL252 BUD-MEA-LD-ALLOCATION (8.40 PM)

India zeroes out Chabahar port outlay, slashes Bangladesh aid in 2026-27 budget New Delhi: India has not allocated funds for the Chabahar port project in Iran in the Union Budget for 2026-27 and has halved the development assistance for Bangladesh to Rs 60 crore in reflection of frosty bilateral ties.

DEL260 BUD-LD OPPN REAX (9.17 PM)

Hollow and directionless Budget ignored people's hardships: Opposition New Delhi: Opposition parties on Sunday described the Union Budget as "hollow" and "directionless", claiming it failed to address key political and economic challenges in the country while expenditure had been slashed in several sectors affecting the common man.

NATION DEL221 BUD-2LD-AGRI (7.26 PM)

Budget 2026:FM launches AI tool for farmers, hikes agri & allied sector spend 7pc New Delhi: Finance Minister Nirmala Sitharaman on Sunday unveiled a comprehensive package for the livestock, fisheries and high-value agriculture sectors in Budget 2026-27, with a total allocation of Rs 1,62,671 crore for agriculture and allied activities - a 7.12 per cent increase from the revised estimate of Rs 1,51,853 crore for 2025-26.

DEL239 BUD-VAISHNAW (8.10 PM)

Investment in data centres may cross USD 200 bn, nuclear energy important to power it: Vaishnaw New Delhi: The government expects investment in data centres to cross USD 200 billion, about Rs 18.33 lakh crore, and nuclear energy will be an important component in the ecosystem to power it, Union Electronics and IT Minister Ashwini Vaishnaw said on Sunday.

DEL224 BUD-2NDLD HOME (7.32 PM)

MHA gets Rs 2.55 lakh crore in Budget; IB sees massive hike of 68 per cent in allocation New Delhi: The Union Budget 2026-27 on Sunday allocated over Rs 2.55 lakh crore to the Ministry of Home Affairs, reflecting an increase of around 9.44 per cent from the budget estimates of over Rs 2.33 lakh crore provided to it in 2025-26.

DEL181 BUD-LD EDUCATION (5.41 PM)

Education: 5 varsity townships, girls hostel in each district among major announcements in Budget New Delhi: Five university townships in the vicinity of major industrial and logistic corridors, girls hostel in every district, setting up of content creator labs in 15,000 schools and 500 colleges and reduction of the tax collection at source (TCS) rate to 2 per cent for education are among the proposals announced in the Union Budget for the education sector.

MDS71 BUD-SOUTH-POLL BOUND STATES (7.55 PM)

Union Budget: Poll-bound TN, Kerala express disappointment Chennai/Thiruvananthapuram: The ruling dispensations of Tamil Nadu and Kerala, two key poll-bound southern states on Sunday expressed strong dissatisfaction over the budgetary announcements made by Union Finance Minister Nirmala Sitharaman, with Chief Minister M K Stalin wondering why his state TN was not given something even in the election year, while his Kerala counterpart accused the Centre of neglecting the state.

DEL190 CONG-EPSTEIN-PM (6.00 PM)

Congress demands PM Modi to come clean on 'disclosures' on him made in Epstein files New Delhi: The Congress on Sunday demanded answers from Narendra Modi following “disclosures” in the Epstein files in the US that some “monsters” had access to him, and said the prime minister should come clean on the issue.

BOM24 MH-NCP MERGER-LD TATKARE (8.09 PM)

Amid merger speculation after Ajit Pawar's death, Tatkare says NCP will continue to be in NDA Mumbai: NCP Maharashtra president and Lok Sabha MP Sunil Tatkare on Sunday said his party will continue to be a part of the BJP-led NDA, asserting that the organisation will move forward on the ideology and path laid down by the late Ajit Pawar.

CAL50 AS-HIMANTA-MIYA (6.31 PM)

‘Miyas’ will face trouble till I remain CM: Himanta Goalpara (Assam): Assam Chief Minister Himanta Biswa Sarma on Sunday said "Miyas" will face "trouble" as long as he remains in power, asserting that they should face persistent problems so that they leave the state.

LEGAL LGD5 SC-WANGCHUK (2.50 PM)

SC to hear plea challenging Sonam Wangchuk's detention New Delhi: The Supreme Court is slated to hear on Monday a plea filed by Gitanjali J Angmo, the wife of jailed climate activist Sonam Wangchuk, against his detention under the National Security Act.

LGD7 GREEN-YAMUNA-DECLINING FISH (5.03 PM)

NGT asks Delhi govt, others to implement recommendation to preserve native fish species in Yamuna New Delhi: The National Green Tribunal has directed the Delhi government and other states to expeditiously implement the Central Inland Fisheries Research Centre's recommendations for the preservation of native fish species in the Yamuna river.

BUSINESS DEL241 BIZ-2NDLD-STOCKS (8.14 PM)

STT hike on Futures dampen stock market sentiment; Sensex, Nifty crash nearly 2 pc Mumbai: Benchmark stock indices Sensex and Nifty dived sharply by nearly 2 per cent on Sunday, logging their worst decline in years on a Budget day, after Finance Minister Nirmala Sitharaman proposed a hike in the Securities Transaction Tax (STT) on derivatives.

DEL237 BIZ-BUD-LD BUYBACK (8.10 PM)

Proposed share buyback framework aims to benefit small shareholders, not promoters New Delhi: To protect minority shareholders and curb tax arbitrage by promoters, Finance Minister Nirmala Sitharaman on Sunday announced a major overhaul of the taxation framework governing share buybacks.

DEL236 BIZ-BUD-INCOME TAX (8.09 PM)

TCS cut, amnesty scheme for foreign black money among taxpayer-friendly steps in Budget New Delhi: Unveiling taxpayer-friendly measures, Finance Minister Nirmala Sitharaman on Sunday reduced TCS rates on overseas medical and education expenses, and tour packages, besides allowing an extra 3 months time to file revised Income Tax returns.

FOREIGN FGN13 TRUMP-VENEZUELA-INDIA-OIL (10.58 PM)

India to buy Venezuelan oil instead of Iranian crude, claims Trump New York: US President Donald Trump has claimed that India will be purchasing oil from Venezuela instead of Iran. By Yoshita Singh

FGN27 CHINA-XI-YUAN (3.17 PM)

Xi calls for building 'strong' yuan to boost global role, challenge dollar dominance Beijing: Chinese President Xi Jinping has pitched for building a "strong currency" to expand the global use of the yuan and elevate it to the status of an international reserve, a move seen as a call to challenge the US dollar.

PTI SHS

Topics

Acts Income Tax