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
February 21, 2026
Show AI Summary
Tariff authority: President seeks to impose a higher global tariff using alternate legal powers after court rebuke.
The President seeks to impose a higher global tariff relying on alternative executive authority and statutory avenues requiring Commerce Department investigations, while a separate executive order established a temporary import tax limited in duration and contingent on legislative extension; this raises constitutional questions about the allocation of tariff-setting and taxation powers and uncertainty over funds already collected.
February 21, 2026
Show AI Summary
Presidential tariff authority raised a temporary global import surcharge, altering trade deal dynamics and exemptions for critical goods.
The executive invoked trade act authority to impose a temporary global import surcharge, increasing a recently announced ad valorem levy and reserving the right to issue further legally permissible tariffs within a 150 day period; the proclamation excludes specified critical minerals, energy products, select agricultural goods, pharmaceuticals, certain electronics, passenger vehicles and aerospace products, and the surcharge is applied in addition to existing Most Favoured Nation import duties, affecting ongoing bilateral trade negotiations.
February 21, 2026
Show AI Summary
Criminal breach of trust: bail denied due to complex fund diversion, risk of evidence tampering and undisclosed antecedents.
Refusal of bail rested on prima facie findings that the NBFC owner-director engaged in calculated, layered diversion of investor funds amounting to criminal breach of trust; investigation remained at a nascent stage with a complex money trail requiring forensic analysis and a real risk of evidence tampering, compounded by the applicant's non-disclosure of prior criminal antecedents and insufficient medical justification.
February 21, 2026
Show AI Summary
Presidential authority on emergency economic powers challenged; administration announces higher worldwide import levies pending new tariff rules.
President announced an immediate increase in the worldwide import surcharge to a higher legally framed rate and stated the administration will determine new legally permissible tariffs; this follows a Supreme Court decision holding that reliance on IEEPA to impose sweeping duties exceeded presidential authority and has affected bilateral tariff arrangements under an interim trade framework with India.
February 21, 2026
Show AI Summary
Presidential tariff authority to impose global import taxes expanded via executive order, with temporary duration and statutory investigations.
The President announced an increase in a global import tariff implemented by an executive order designed to bypass ordinary congressional action and operate for a limited temporary period unless extended by legislation; concurrently, the administration is pursuing additional tariff measures under federal statutes that require Commerce Department investigations and administrative determinations.
February 21, 2026
Show AI Summary
Presidential tariff authority contested; executive order raises global import tariff after review of recent legal limitation.
After a judicial ruling that his emergency powers did not authorize sweeping tariffs, the President signed an executive order bypassing Congress to impose a temporary global import tax limited to 150 days unless extended by legislation; following review of the court decision he announced an upward adjustment to the proposed global tariff rate.
February 21, 2026
Show AI Summary
Reciprocal tariffs: leaders agree to study implications and adopt a wait-and-watch approach while boosting strategic trade ties.
Discussion focused on the trade-policy implications of a major US decision affecting reciprocal tariffs, with both leaders adopting a "wait-and-watch" posture to study potential US administrative responses. Parallel measures included a pact on critical minerals to build resilient supply chains, a joint digital partnership declaration, and multiple MoUs covering mining, MSMEs, healthcare, defence maintenance cooperation, and technology and energy collaboration.
February 21, 2026
Show AI Summary
Tariff invalidation prompts review of affected duties, potential refund claims, and continued uncertainty from proposed new tariff measures.
Invalidation of certain executive-era import duties removes the legal basis for specified tariff measures and creates potential refund claims by importers and foreign suppliers, while other tariffs tied to distinct statutory or product-specific authorities remain in force. Governments and businesses must distinguish between invalidated and continuing duties when reviewing compliance, pursuing restitution, and adapting contractual and supply chain plans amid the added uncertainty of proposed new tariff measures under alternative rules.
February 21, 2026
Show AI Summary
Trade agreement criticised as threatening farmers' livelihoods and spurring nationwide farmer protests and political agitation.
The state Congress contends the interim Indo US trade agreement will expose Indian farmers to damaging import competition-particularly in soybean and cotton-depress domestic prices, threaten small traders and related industries, and amount to a surrender of national agricultural interests. It has announced coordinated protests and gatherings (Kisan Sammelans, chaupals, marches) in Bhopal, Budhni and Vidisha, blaming the Union Agriculture Minister for failing to defend farmers and urging mobilisation to protect rural livelihoods.
February 21, 2026
Show AI Summary
Temporary import surcharge alters global trade rules, reshaping US-India tariff calculus and prompting reassessment of bilateral negotiations.
A temporary import surcharge has been proclaimed under Section 122 of the Trade Act of 1974 as a time limited global ad valorem levy effective February 24, operating in addition to existing MFN and import duties and excluding specified products. The measure alters the tariff calculus for India by reducing the immediate reciprocal tariff burden relative to prior higher levies while creating uncertainty about post period tariffs; the Indian government is studying implications as bilateral trade talks continue and stakeholders call for renegotiation and sectoral protections.
February 21, 2026
Show AI Summary
Preferential trade agreement expansion aims to broaden tariff coverage and deepen investment, technology and critical minerals cooperation India Mercosur
Expansion of the India Mercosur preferential trade agreement aims to convert a limited pact covering 450 tariff lines into a full agreement to improve market access, grow bilateral investment and foster technology partnerships. The parties set an enhanced annual trade target and signed a cooperation pact on critical minerals to support downstream processing and collaboration. Priority sectors include defense, energy and renewables, agri and agrochemicals, health and pharma, aerospace, automotive, semiconductors and digital technology, alongside measures to attract investment and ease business through visa facilitation and domestic reforms.
February 21, 2026
Show AI Summary
Trade Agreement Suspension: call to halt and renegotiate interim India-US deal to protect farmers after US tariff invalidation.
The article demands suspension and renegotiation of the interim India-US trade framework to protect farmers, asserting the Framework cannot be implemented following judicial invalidation of presidential tariff powers and the administration's subsequent reliance on alternative tariff measures; it requires the government to commit to no import liberalisation on agricultural products, to review the agreement's haste and sustainability, and to safeguard non tariff protections and domestic livelihoods pending clarifications.
February 21, 2026
Show AI Summary
Trade tariff changes threaten agricultural export competitiveness and expose domestic farmers to cheaper foreign imports.
An interim trade agreement reduces previously higher reciprocal US duties on Indian imports to a lower tariff level while lowering or eliminating duties on certain US agricultural imports into India, a realignment presented as likely to raise prices of Indian farm exports in the US and to increase competitiveness of US products domestically, threatening export opportunities for maize, soybean, dairy, peanut and cotton producers and exposing domestic farmers to cheaper US imports.
February 21, 2026
Show AI Summary
Pharma exports: government and industry focus on market access and trade engagement to boost competitiveness and growth.
The commerce ministry and industry discussed measures to sustain and accelerate pharmaceutical exports, focusing on enabling conditions, resolving trade bottlenecks, and coordinated engagement with exporters, regulators, and Indian Missions. Strategic trade engagements with major partners were identified to improve market access, competitiveness, and regulatory compliance, supporting industry aims for double-digit expansion.
February 21, 2026
Show AI Summary
Customs port status enables Jalna dry port to commence import-export operations after award of long-term operating mandate.
The National Highway Authority accepted Vikas Coal and Minerals Pvt. Ltd.'s bid to operate the Jalna Dry Port under a long-term operating mandate, subject to completion of administrative approvals and bank guarantee formalities; the operator will pay an annual, turnover-based fee. The facility has received customs port status, enabling import-export and customs processing, and essential infrastructure including a cargo terminal and a dedicated rail connection is operational, supporting imminent commencement of operations.
February 21, 2026
Show AI Summary
Presidential tariff authority curtailed; temporary import surcharge imposed alters bilateral tariff treatment and prompts trade talks.
Presidential tariff authority was found to have been exceeded when broad import levies were imposed; an executive proclamation subsequently announced a temporary import surcharge that modifies effective tariffs and operates in addition to existing MFN or import duties, prompting review of legal and commercial consequences and informing ongoing bilateral trade negotiations.
February 21, 2026
Show AI Summary
Tariff ruling prompts government review of international trade measures and potential policy implications for exporters and customs operations.
The government is assessing recent developments on US tariff measures after a judicial decision and an executive statement, and is studying announced administrative steps to evaluate implications for trade policy, tariff administration, and customs procedures.
February 21, 2026
Show AI Summary
Global tariffs may trigger market sell-offs, increasing interest in presale crypto assets with perceived volatility protection.
Announcement of renewed global tariffs and the Supreme Court's limitation on tariff authority are presented as macro drivers likely to increase market volatility, prompting traders to seek presale tokens. The article promotes DeepSnitch AI-citing reported presale funds raised, a preview of a dashboard powered by five AI agents, and an LLM-style DYOR risk-assessment tool-as a presale asset positioned to mitigate short-term swings; it contrasts this with BNB and XRP, which show modest recoveries but remain vulnerable to downside scenarios.
February 21, 2026
Show AI Summary
Withdrawal from Rule 14A registration: online opt out with Aadhaar authentication and specified return conditions required.
Enables electronic withdrawal from Rule 14A by filing Form GST REG-32 on the GST Portal: eligible active taxpayers must select the opt out option, state a reason, and complete Aadhaar authentication for the primary authorised signatory and at least one promoter/partner; ARN is issued only after successful authentication. Filing requires meeting return filing preconditions and completion of draft submission and authentication within specified timelines. While REG 32 is pending, certain amendments and self cancellation are barred. After issuance of Form GST REG-33, taxpayers must report output tax liability on supplies to registered persons exceeding the prescribed threshold.
February 21, 2026
Show AI Summary
Trade tariffs: US issues new global import levy after court ruling, altering reciprocal duties and exporter compliance obligations.
The Supreme Court's invalidation of the prior tariff framework prompted an executive proclamation establishing a new global import surcharge, producing a uniform temporary levy that recalibrates reciprocal duties on foreign exporters and requires exporters and advisors to reassess customs, contractual and compliance implications under the revised tariff regime.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Showing Results for : Reset Filters
Customs & Trade

GCCs to drive up to 50% of India office demand; US to dominate while UK & EU to gain share- says Colliers India

February 20, 2026

Contents
Summary
Note

Note

-

Bookmark

Print

Print

• US firms account for close to 70% of GCC leasing activity since 2020, followed by EU and UK companies at an 8-10% share each • Ongoing trade agreements & deals likely to boost long-term office space demand across Technology, BFSI, Engineering & Manufacturing & Consulting sectors • Annual Grade A office space uptake by GCCs can potentially reach 35-40 msf over the course of next few years • Overall GCCs can drive up to 50% of India's office space demand across the top 7 markets BENGALURU, India, Feb. 20, 2026 /PRNewswire/ -- India remains one of the fastest-growing major economies, with the IMF recently revising its GDP growth projections for 2026 upwards by 20 bps – from 6.1% to 6.3% (Jan 2026 World Economic Outlook update vs Oct 2025 update). A forecasted growth rate of 6.5% in 2027 also draws comfort from strength of domestic demand across economic sectors and recent positive developments with respect to multiple bilateral trade agreements. Free Trade Agreements (FTAs), Comprehensive Economic and Trade Agreement (CETA) and trade deals between India and the US, EU, the UK & France are in various stages of engagement and this is likely to enhance India's long term export competitiveness and simultaneously reduce entry barriers, incentivizing global firms to expand their India operations across key sectors such as Technology, Banking & Financial Services (BFS), Engineering & Manufacturing, Consulting, etc. As global firms and capability centers from these countries increase their India footprint over the course of next few years, we envisage traction in real estate demand, particularly in Grade A offices and warehouses. Trade agreements to fuel long-term demand across major office markets Recent tariff rationalization and sector-specific trade facilitation measures under the anvil of ongoing bilateral engagements with the US, EU and the UK are expected to expand the market for global firms in India. In addition to enhancing the position of India as a competitive manufacturing destination in the APAC region, elimination of barriers in the service industry can potentially further attract GCCs into the country. Capability centers in India are increasingly likely to become integral centers of research, product development, engineering, advanced analytics, artificial intelligence, machine learning, and cloud computing. Recent trade agreements & deal features: Select high impact sectors from a GCC demand (in India) perspective Key sectors and segments Key features of Trade agreement/deal Sector Segment India-US India-EU India-UK Technology Technology products & services Easing of licensing restrictions for Information Communication Technology goods - - BFSI Financial services Address discriminatory practices and barriers in digital trade Privileged access to financial service market in India - Engineering & Manufacturing Engineering & manufacturing goods Broad agreement to eliminate or reduce tariffs on all U.S. industrial goods Tariff reduction from 44% to 0% (electrical equipment and machinery) and 22% to 0% (iron & steel) - Automobiles Combination of quota and duty reduction mechanisms for luxury segment players Tariff reduction from 110% to 10%, with a quota of 250,000 vehicles per year Automotive tariff reduction from over 100% to as low as 10% through a tariff rate quota system Aircraft and components Intent of overall USD 500 Bn purchase including aircraft & its components by India over 5 years Tariff reduction from 11% to 0% for aircraft and spacecraft products - Chemicals & Pharmaceuticals Address long-standing barriers in medical devices Tariff reduction from 22% to 0% (chemicals) and 11% to 0% (pharmaceuticals) - Consulting Professional & Environmental services - Privileged access in India Provisions to promote trade in legal and environmental goods & services Source: Publicly available trade agreement & deal related documents, Industry, Colliers Note: All trade agreements and deals are in various stages of implementation and are yet to be fully finalized. Benefits of tariff rate reduction, market access improvement etc. on GCCs in India are indicative and can be fully ascertained when exhaustive list/ finer details are available in public domain. "Recent trade agreements with the US, EU and UK can potentially boost foreign investments in country and amplify real estate demand across economic sectors including GCCs in India. This is likely to complement the regulatory push and ongoing policy tailwinds, boosting the annual demand for Grade A office space in India. We anticipate 35-40 million sq.ft. of annual GCC leasing, accounting for 40-50% of the overall office space demand over the course of next few years. While technology-based GCC demand from US firms can stabilize, we anticipate increasing traction from companies of EU and UK origin, especially within the engineering & manufacturing, BFSI and consulting domains," says Arpit Mehrotra, Managing Director, Office Services, Colliers India. GCCs account for ~40% of the Grade A office demand across top 7 cities India's office market has scaled up significantly in recent years with consecutive demand peaks in the post-pandemic era. This scaling up has been powered by GCCs, which have moved beyond cost-arbitrage centers and transitioned into innovation-driven globally integrated knowledge & research hubs. Of the 310 million sq ft. of cumulative office space demand since 2020, GCCs have accounted for around 117 million sq ft of office space, representing 38% of the overall leasing activity in India. In fact, the steady growth in GCC demand is evident from the increase in space uptake from around 16 million sq ft in 2020 to close to 30 million sq ft in 2025. Simultaneously, their share in India's overall leasing activity has increased from sub 30% levels few years ago to over 40% in 2025, further adding credentials to the ongoing transformation of GCCs. Notably, GCCs headquartered in the US, EU and UK continue to drive this transformation - contributing nearly one-third of the overall office space demand in India since 2020. Trends in Grade A gross absorption and GCC leasing 2020 2021 2022 2023 2024 2025 2020–2025 Total Grade A office leasing (msf) (A) 30.3 33.0 50.3 58.2 67.2 71.5 310.5 GCC leasing (msf) (B) 16.3 13.2 14.7 18.2 25.7 29.2 117.3 Overall GCC share (%) (C=B/A) 54 % 40 % 29 % 31 % 38 % 41 % 38 % Leasing by US based GCCs (msf) (D) 11.5 10.3 10.6 12.0 17.4 20.7 82.5 Leasing by EU based GCCs (msf) (E) 3.1 1.2 2.1 3.5 1.8 0.0 11.7 Leasing by UK based GCCs (msf) (F) 0.4 0.4 1.3 0.8 2.9 3.2 9.0 Total Grade A office leasing by US, EU and UK based GCCs (msf) (G=D+E+F) 15.0 11.9 14.0 16.3 22.1 23.9 103.2 Share of US, EU & UK in GCC leasing (%) (H=G/B) 91 % 89 % 95 % 90 % 86 % 82 % 88 % Share of US, EU & UK based GCCs in overall India leasing (%) (I=G/A) 50 % 36 % 28 % 28 % 33 % 33 % 33 % Source: Colliers Gross absorption does not include lease renewals, pre-commitments and deals where only a letter of Intent has been signed | The top 7 cities include Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai and Pune. Distinct demand patterns across US, EU & UK based firms to accentuate occupier diversification Interestingly, ongoing trends reveal distinct India expansion strategies of GCCs across the US, UK and EU. Demand from US headquartered GCCs continue to be dominated by Technology firms (47% share in US based GCC leasing), alongside a notable presence of BFSI companies (21% share). EU-origin companies are predominantly anchored in Engineering & Manufacturing sector, which accounts for ~60% of their GCC demand in India. Tariff concessions and secured market access in the India-EU trade agreement can indirectly boost office space demand from such firms in India. Meanwhile, UK-origin GCC demand patterns show a diversified occupier profile led by BFSI firms (29% share) and Consulting players (23% share). Sector-wise GCC demand break-up (2020–2025) US EU UK Others Overall GCCs Cumulative leasing (msf) 82.5 11.7 8.9 14.2 117.3 Share in GCC leasing (%) Technology 47 % 14 % 18 % 30 % 39 % BFSI 21 % 6 % 29 % 20 % 20 % Engineering & Manufacturing 11 % 59 % 3 % 28 % 17 % Healthcare 6 % 10 % 6 % 11 % 7 % Consulting 5 % 2 % 23 % 4 % 6 % Others 10 % 9 % 21 % 7 % 11 % Source: Colliers Gross absorption does not include lease renewals, pre-commitments and deals where only a letter of Intent has been signed | Others include consumables and e-commerce | The top 7 cities include Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai, and Pune. In fact, GCC leasing is increasingly becoming broad-based, with global companies across sectors expanding their operations in India. Moreover, leasing volumes by BFSI, engineering & manufacturing, and healthcare GCCs have been on the upswing in recent years. While US GCCs have driven space uptake, accounting for nearly 70% of the total GCC demand since 2020, their share is expected to moderate over the next few years. Simultaneously, driven by the trade agreements, EU & UK based GCCs are expected to gain traction in the near-mid term. "GCCs will continue to anchor India's office space demand, supporting the ongoing scale-up and diversification of occupier base. With global trade frictions relatively moderating, supported by recent developments pertaining to bilateral agreements between India and its leading trade partners, we envisage positive sentiments to translate into traction across key demand drivers of Indian office market. Although GCC leasing will continue to be driven by technology sector, the demand is likely to become broad-based, with BFSI and engineering & manufacturing firms expected to contribute 40–50% of the space uptake in 2026," says Vimal Nadar, National Director & Head of Research, Colliers India. Overall nuanced demand patterns underscore the Indian GCC ecosystem alignment with high-value, domain-intensive functions rather than transactional back-office operations. Additionally skilled talent availability and cost arbitrage will continue to fuel expansion of capability centers in India. About Colliers Colliers (NASDAQ: CIGI) (TSX: CIGI) is a leading global diversified professional services company, specializing in commercial real estate services, engineering consultancy and investment management. With operations in 70 countries, our 22,000 enterprising professionals provide exceptional service and expert advice to clients. For nearly 30 years, our experienced leadership – with substantial inside ownership – has consistently delivered approximately 20% compound annual investment returns for shareholders. With annual revenues exceeding $4.5 billion and $99 billion of assets under management, Colliers maximizes the potential of property, infrastructure and real assets to accelerate the success of our clients, investors and people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn. Media Contact: Sukanya Dasgupta National Director, Marketing & Communications | India [email protected] +91 9811867682 Photo: https://mma.prnewswire.com/media/2916648/Arpit_Mehrotra_MD_Colliers_India.jpg' alt='Embedded Media' /> Logo: Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

Topics

Acts Income Tax