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Wednesday, August 13, 2025
TopicTaxation

Topic: taxation

Think twice before tax fraud, the authorities are on to you with AI

Post-GST rules have created a host of tax evasion methods. But the tax department has new tricks up their sleeve

Nirmala Sitharaman is proving to be a pleasant surprise as finance minister

While tax has proved Nirmala Sitharaman’s strong suit, there have been policy negatives as well, including under-performance on privatisation and failure to fix banking mess.

IRS body of NE seeks makeover as officers fear faceless taxation reduces them to ‘cyber cops’

Under new scheme, tax appeals can be randomly allotted to any officer, whose identity will remain anonymous. IRS officers say this will hit the service hard.

Deal or no deal, Brexit uncertainty gives India Inc. the jitters

While Indian companies in the UK are ready for Brexit, the murky transition process and the possibility of ‘no deal’ is a matter of concern.

No income tax for all under 35: Congress’ big lollipop for 2019

The idea was discussed at a party meeting on 13 July, but not yet decided if it will make it to the Congress manifesto.

Talk Point: Will the creation of a National Anti-Profiteering Authority impair business?

The authority has the power to impose penalties and even cancel the registration of a business if it does not pass the benefits of GST to consumers.

On Camera

Musk’s golden touch is on the line. Tesla needs him to do what he does best — sell a pen

Tesla sales have been sliding, profits have been shrinking, and brand loyalty is faltering. Elon Musk’s politics has something to do with it.

How mining, manufacturing & power sectors weighed on India’s industrial output since January 2024

India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.

India expands Southeast Asia defence footprint with new joint venture in Philippines

Memorandum of understanding between SMPP and ADFC was signed during state visit of Philippines’ President to India earlier this month.

Modi’s ready to risk it all for farmers. Farm reform can answer Trump with new Green Revolution

Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.