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Thursday, September 4, 2025
TopicDirect taxes

Topic: Direct taxes

Fiscal boost can’t rely on spending cuts alone, Modi govt must consider non-tax measures

If the fiscal deficit was brought down to 5.6% in 2023-24, it was more because of a cut in revenue expenditure than because of growth in tax collections.

Top & bottom of the income pyramid pose different tax problems. New govt must choose reform

A government can afford to make tough decisions in its early days. Resisting populist concerns, we need long-term reform such as broadening the tax base and removing deductions.

Tax doctors on research grants by drugmakers, says govt panel reviewing pharma marketing practices

Five-member panel suggests doctors can't be given brand reminders exceeding Rs 1,000 each, Uniform Code of Pharmaceutical Marketing Practices to remain voluntary, but strengthened.

Suit-boot ki sarkar? Most tax breaks under UPA went to corporates, individuals gain more under Modi

Data shows 'revenue foregone' due to tax incentives mostly benefited corporates in 2004-05. Situation improved by 2013-14, but individuals became main beneficiaries only under Modi govt.

Reduce meat eating to meet climate goals. Direct tax is a solution

Other types of regulation like rules on animal feed or manure run the risk of putting domestic livestock farmers at a disadvantage. Here's how a tax can help.

CBDT extends due dates under Direct Tax ‘Vivad se Vishwas’ Act, 2020 till 30 September

Considering the difficulties being faced in issuing and amending Form no 3—which is a prerequisite for making payment by the declarant - the last date has been extended, CBDT said.

India’s direct tax collections double to more than Rs 1.85 lakh crore in 2021-22

The gross collection of direct taxes for this fiscal stood at over Rs 2.16 lakh crore, compared to Rs 1.37 lakh crore in the corresponding period of the preceding year.

Budget 2021 is taxpayer friendly — plugs abuse of welfare schemes, respects honest taxpayers

Nirmala Sitharaman's Budget proposals regarding investment in infrastructure, heath and other sectors are capital intensive and will usher significant funds in the Indian economy.

Direct tax collection contracts in April-Feb period, Rs 3.5 lakh crore now needed in March

A slowdown in economic activity is likely to further hit collections. Modi govt is banking on positive response to dispute resolution scheme to meet targets.

Ayodhya Trust, Kejriwal on front page, pink papers divided on ‘Vivad se Vishwas’ bill

A round-up of the most important reports in major newspapers around the country – from TOI and HT, Express and The Hindu to The Telegraph, Mumbai Mirror and The Tribune, as well as top financial dailies.

On Camera

Counter-insurgency is Indian military’s reality. Op Sindoor was brief flash in combat spectrum

The Chief of Defence Staff was spot on when he declared war fighting as ‘military’s bread and butter.’

GST 2.0: India streamlines indirect tax regime amid Trump tariffs & what it means for consumers

Goods and Services Tax Council paves way for a broad two-slab structure of 5% and 18% with a demerit rate of 40% for super luxury and 'sin' goods.

‘Loyal wingman’ to full ICBM triad & air defence, China’s show of power at Victory Day parade

China flaunted military might & modernisation as it displayed stealth drones, anti-satellite system & cyber warfare contingent during parade to mark victory over Japan in WWII.

For Indian Mercedes, Asim Munir’s dumper truck in mirror is closer than it appears

From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.