On February 1, Sitharaman will equal Morarji Desai's record

Finance Minister Nirmala Sitharaman will set a record by presenting the sixth Budget in a row -- 5 annual Budgets and one interim -- a feat achieved so far only by former Prime Minister Morarji......

Investment trusts, ETFs exempted from capital gains tax in GIFT City

The government has exempted units of investment trusts and ETFs issued by entities based in GIFT City or traded in exchanges there from capital gains tax. Photograph: Amit Dave/Reuters The Central......

Tax norms for charitable trusts get stricter

The income-tax (I-T) authorities have tightened disclosure norms for charitable trusts. Image used for representation purose only. Photograph: Jorge Silva/Reuters They now have to declare the......

6 years of GST: Rs 1.5 trillion monthly tax revenues becomes 'new normal'

Six years after the rollout of the biggest indirect tax reform in India, Goods and Services Tax (GST) revenue of Rs 1.5 lakh crore every month has become a new normal and tax officers are focusing......