3. CIT (A) deleted the addition holding that the discount paid by the assessee to CFSA cannot be held to be interest and therefore, provisions of Section 40 (a) (i) of the Act would not apply.

Orissa High Court reviewed a revision petition challenging the legality of an order passed by the Additional Chief Judicial Magistrate (Special Court), Cuttack, in a case under Sections 276B and 278B ...

With the US import tariff hike looming large, India has said it is not a tariff king. In a recent interaction with TNIE, ...

When the money comes back to the government, it can gravitate towards only a few sectors or industries...When it goes to the ...

The revised estimate for 2024-25 proposes a budget of Rs 2099.93 crore, while the budget estimate for 2025-26 allocates Rs ...

If implemented, this initiative could be a game-changer. Industry insiders estimate that Bangladesh could save $1 billion in foreign currency annually by reducing its reliance on imported APIs ...

Dubai has long been known for its futuristic skyline and economic prosperity, but its tax-free earnings policy makes it an ...

The Union Budget for FY2026 attempts to strike a balance between supporting economic activity and fiscal consolidation, which ...

Continuing its focus on fiscal consolidation by pegging fiscal deficit at 4.8 percent of GDP in FY25 and intending to bring ...

M uch of the euphoria around the 2025-26 budget has to do with income tax. The government has , through a rebate and a ...

During the Mughal era, budgets were prepared by gathering information about land and its production to determine taxes, and ...