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Wednesday, September 3, 2025
TopicTax

Topic: tax

Tax terror and India’s same-sex couples

Even without entering the debate on marriage equality, India’s laws are already punishing same-sex couples in small and large ways that are rarely discussed.

India must revise its definition of middle class. Those earning Rs 1 cr aren’t ‘rich’ anymore

The tax officials will, of course, have a better understanding of what the revenue implications will be. But let them at least start thinking about expanding the definition.

India is outsourcing its tax burden to companies. Better for Modi government, not taxpayers

It is important for the government to now reassess what it wants to keep with itself and what it wants to hand over to the private sector.

Govt working to ensure TCS rate hike does not result in cash-flow problems, says CEA Nageswaran

Attempts are being made to link TCS with the tax deducted from taxpayers’ salaries. The CEA also backs the govt’s rationale for raising TCS rate to 20%

No TCS on foreign debit & credit card transactions up to Rs 7 lakh, clarifies Union govt

Prior to the clarification, all such non-medical, non-educational transactions would've attracted 20% TCS from 1 July. Govt imposing TCS on foreign credit card spends was widely criticised.

GST revenue rises by 13% to Rs 1.60 lakh cr in March, second highest collection ever

The total collection for 2022-23 fiscal year stands at Rs 18.10 lakh crore, 22 per cent higher than the previous year. The average gross monthly collection for the year is Rs 1.51 lakh crore.

Bad news for Pakistan’s rich. Shehbaz Sharif budget will tax them, ban car imports

Pakistan finance minister's support for Shehbaz Sharif govt's call to tax the rich is a relief to those who were promised it during Imran Khan's reign.

Nangeli — the forgotten Dalit woman who stood up against Travancore’s ‘breast tax’

In 'Her Stories: Indian Women Down the Ages’, Deepti Priya Mehrotra recounts women from Indian history whose contributions have been all but forgotten.

How GST is killing small businesses with inspector raj and suffocating compliance

GST was supposed to create a unified market. The opposite is happening with small businesses being harassed with invoice and payments.

To make babies or not? That’s the dilemma in China as cost of raising kids soars & soars

The cost of childcare in China is now higher than US, France, Japan and Germany. Thanks to years of state-driven one-child policy and falling fertility rate.

On Camera

Trump’s 4,500 troops can topple Nicolás Maduro—not fix Venezuela

The US troops could dislodge the government in Caracas, but it won’t be enough to police a country ringed by drug cartels and insurgents.

A Rs 33,000 cr ‘banking fraud’: ED’s case against Arvind Dham, Amtek’s web of ‘500 shell companies’

ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.

‘Real-time, all-climate’ explosives detector could enhance airport & border security—no dogs, no swabs

Bengaluru-based CeNS designs accurate, portable, and cheap sensor using surface-enhanced Raman spectroscopy. It could significantly reduce risks at vulnerable choke points. 

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.