Tax

Ex gratia payments are discretionary, unlike salaries or bonuses, allowing organisations to provide support without admitting liability while preserving goodwill.

Updated : Nov 15, 2025

HDFC Bank’s Rs 1,500-crore ex-Gratia payout sounds generous — but there's catch in terms of taxes

HDFC Bank’s Rs 1,500-crore ex-gratia payout made headlines last year, but employees soon realised that the “gift” wasn’t tax-free. Despite being a goodwill payment, ex-gratia is fully taxable for most salaried workers.

CV Co. began trading independently today, marking the final execution of the long-awaited split.

Updated : Nov 15, 2025

Tata Motors split is tax-free but an expert warns of a costly investor mistake

According to the official announcement, shareholders must allocate 31.15 percent of their original Tata Motors purchase cost to CV Co., and the remaining 68.85 percent to PV Co.

Under the 1:1 demerger, shareholders received one TMCV and one TMPV share per Tata Motors share. The company later fixed the cost split at 31.15% for TMCV and 68.85% for TMPV, impacting capital gains.

Updated : Nov 14, 2025

Tata Motors demerger: What happens if you sell the stocks immediately? A look at real investor tax impact

Under the 1:1 demerger, shareholders received one share of TMCV and one share of TMPV for every Tata Motors share held on the record date of October 14, 2025. The company later declared the official cost allocation: 31.15% for TMCV and 68.85% for TMPV, a ratio that directly affects capital gains.

The engineer’s case serves as a reminder that while the SFT system increases transparency, legitimate taxpayers must also receive fair and balanced assessments.

Updated : Nov 14, 2025

Flat, FDs worth Rs 69 lakh and a tax shock — ITAT Mumbai ends 6-year tax standoff with this twist

A modest ITR but big-ticket investments triggered a massive tax probe for one Mumbai engineer. The ITAT has overturned the case, raising questions about how such disputes are assessed.

Indians bought over Rs 9,000 crore of digital gold in nine months, with monthly purchases rising from Rs 762 crore in January to Rs 1,410 crore in September 2025.

Updated : Nov 13, 2025

SEBI flags digital gold risks - here are tax rules that might bite investors harder

Digital gold is taxed like physical gold: sold within two years, gains are STCG taxed at slab rates; held longer, LTCG taxed at 12.5% without indexation. It offers convenience but not any tax advantage over physical gold.

This stark imbalance, she says, is “the invisible trap of being salaried in India.”

Updated : Nov 13, 2025

'The ₹50 LPA trap': Advisor explains why high salaries in India don’t feel rich

“It takes 4 to 5 years just to accumulate ₹1 crore if you are salaried,” she wrote. Meanwhile, a businessman earning ₹1 crore may legally pay less tax than someone on a ₹50 lakh salary — thanks to India’s tax structure, which rewards entrepreneurship but offers fewer breaks for employees.

Gross personal income tax rose marginally from Rs 8.03 lakh crore to Rs 8.08 lakh crore.

Updated : Nov 11, 2025

India’s net direct tax collections up 7% to Rs 12.92 lakh cr on strong corporate, personal tax

The non-corporate or personal income tax segment — which includes taxes paid by individuals, Hindu Undivided Families (HUFs), and partnerships — has emerged as a key growth driver. Net personal income tax collections jumped 17.7% to Rs 7.19 lakh crore, compared with Rs 6.61 lakh crore a year ago.

Experts say claiming a deceased person’s financial assets can take anywhere from two weeks to six months, depending on documentation.

Updated : Nov 8, 2025

Heirs’ checklist: How to claim property, EPF, FDs, mutual funds and lockers after death of near ones

The death of a loved one often leaves families struggling not just emotionally, but also administratively. In India, transferring assets after a person’s death involves multiple authorities and legal procedures. Knowing how to claim assets like property, FDs, EPF, and mutual funds can make the process smoother and less stressful.

Common mismatches can now be addressed without lengthy correspondence or manual follow-ups.

Updated : Nov 8, 2025

Now fix ITR errors faster — here’s how CBDT’s latest move speeds up your tax refund

Taxpayers struggling with refund delays or errors in their income tax returns may soon find the process far less cumbersome. The government has rolled out a major procedural reform empowering the Centralised Processing Centre (CPC) in Bengaluru to handle corrections directly — a move expected to cut red tape and speed up resolutions.

Exporters stand to benefit from the faster refund processing system that has been integrated into the GST Network (GSTN).

Updated : Nov 7, 2025

New GST rules from Nov 2025: 3-day registration, 3-year filing limit, faster refunds

Starting November 1, businesses will benefit from a streamlined registration process. India is shifting to two primary GST slabs — 5% and 18% — with a higher 40% rate reserved for luxury and sin goods. The new structure is designed to reduce complexity, improve compliance, and enhance transparency across the tax system.

The overhaul is not just about new labels.

Updated : Nov 6, 2025

Aishwarya Rai Bachchan wins tax dispute as ITAT Mumbai rules against Rs 4 crore disallowance

Aishwarya Rai Bachchan secures a favourable ruling in a high-profile income tax case, as ITAT Mumbai overturns a Rs 4 crore tax disallowance relating to exempt income claims and clarifies procedural requirements for tax assessments.

“Tesla gets ₹30 lakh, but the Indian government collects over ₹30 lakh,” Varun wrote. “Almost 50% of the car’s price is just taxes.”

Updated : Nov 5, 2025

'Tesla gets ₹30 lakh, govt gets ₹30 lakh': Financial expert breaks down India’s EV tax trap

Tesla has long expressed interest in entering the Indian market but has pushed back against steep import duties. The company has said it would consider local manufacturing, but only after testing market demand through imports, a step made prohibitively expensive under current rules.

Over the past year, the government has introduced major income tax reliefs and implemented next-generation GST reforms.

Updated : Nov 4, 2025

Budget 2026-27: Finance ministry seeks suggestions from trade and industry

The Department of Revenue says suggestions could be on reducing compliances, providing tax certainty and reducing litigation

From April 2025, returns older than three years can no longer be filed or revised.

Updated : Nov 3, 2025

From refunds to registrations: How GST changes will reshape compliance for MSMEs from Nov 2025

The proposed and active changes aim to make GST filings faster, more transparent, and less cumbersome — particularly for small taxpayers and exporters.

CII noted that more than five lakh appeals involving nearly Rs 18 lakh crore remain pending before tax authorities.

Updated : Oct 31, 2025

Budget 2026–27 proposals: CII demands new tax compact based on trust and technology

CII Director-General Chandrajit Banerjee said India’s next economic leap requires a principle-based, technology-enabled, and trust-anchored tax system. He emphasised that taxation should serve as a catalyst for investment, innovation, and competitiveness rather than a source of friction.

On September 25, the income tax department extended the deadline for filing tax audit reports (TARs) from September 30 to October 31, 2025.

Updated : Oct 29, 2025

CBDT extends audit report filing, ITR deadlines for AY 2025-26 to Nov 10, Dec 10; check details

In its statement issued on Wednesday, the CBDT said the due date for furnishing the Return of Income under sub-section (1) of Section 139 of the Income-tax Act, 1961 — originally set for October 31, 2025 — has been extended to December 10, 2025.

Taxpayers whose accounts require auditing—including companies, proprietorships, and working partners in firms—have only two days left to file their income tax returns (ITR) for FY 2024-25 (AY 2025-26) by October 31, 2025.

Updated : Oct 29, 2025

ITR deadline: Two High Courts extend tax filing deadline for tax audit cases to November 30; check details

The Punjab & Haryana High Court merged five tax-related writ petitions into one and extended deadlines, while the Himachal Pradesh High Court similarly granted tax-audit assessees time until November 30.

Under Section 80RR, Indian residents who are authors, artists, actors, musicians, or sportsmen can claim tax deductions on foreign income earned from their professional work

Updated : Oct 28, 2025

Tax hacks: Why Sachin Tendulkar told tax officers he was an actor, not a cricketer

Sachin Tendulkar once faced an unusual challenge off the field — convincing tax authorities that he was an actor, not just a cricketer. The move, part of a legal battle over his foreign endorsement income, ended in a surprising victory that saved him nearly ₹58 lakh in taxes.

The automated mechanism will rely on data analytics, PAN verification, and Aadhaar-based authentication to verify applicants in real time.

Updated : Oct 28, 2025

New GST registration system from November 2025: Key changes for small businesses

Under the updated system, low-risk applicants—defined as businesses with a monthly output tax liability below Rs 2.5 lakh—will receive automated registration approvals within three working days.

FICCI noted India’s complex TDS system with 37 rate categories and recommended a simplified three-tier structure covering salaries, gaming winnings, and all other payments.

Updated : Oct 28, 2025

Union Budget 2026–27: FICCI seeks Direct Tax reforms to ease compliance, boost investor confidence

FICCI recommended that the Central Board of Direct Taxes (CBDT) introduce a dual-track system: fast-track disposal for simple, low-value cases and detailed hearings for complex, high-value matters.

According to TaxBuddy, buyback activity across India has slowed dramatically since October 1, 2024, when the government shifted the tax burden from companies to shareholders.

Updated : Oct 24, 2025

Infosys promoters opt out of record buyback; why new tax law is making payouts unattractive

Infosys promoters’ decision to skip the company’s Rs 18,000 crore share buyback has reignited debate over India’s new buyback tax framework. According to TaxBuddy, recent changes that tax buyback proceeds as dividend income have made such offers far less attractive for large investors and promoters.

Tax

HDFC Bank’s Rs 1,500-crore ex-Gratia payout sounds generous — but there's catch in terms of taxes

Tata Motors split is tax-free but an expert warns of a costly investor mistake

Tata Motors demerger: What happens if you sell the stocks immediately? A look at real investor tax impact

Flat, FDs worth Rs 69 lakh and a tax shock — ITAT Mumbai ends 6-year tax standoff with this twist

SEBI flags digital gold risks - here are tax rules that might bite investors harder

'The ₹50 LPA trap': Advisor explains why high salaries in India don’t feel rich

India’s net direct tax collections up 7% to Rs 12.92 lakh cr on strong corporate, personal tax

Heirs’ checklist: How to claim property, EPF, FDs, mutual funds and lockers after death of near ones

Now fix ITR errors faster — here’s how CBDT’s latest move speeds up your tax refund

New GST rules from Nov 2025: 3-day registration, 3-year filing limit, faster refunds

Aishwarya Rai Bachchan wins tax dispute as ITAT Mumbai rules against Rs 4 crore disallowance

'Tesla gets ₹30 lakh, govt gets ₹30 lakh': Financial expert breaks down India’s EV tax trap

Budget 2026-27: Finance ministry seeks suggestions from trade and industry

From refunds to registrations: How GST changes will reshape compliance for MSMEs from Nov 2025

Budget 2026–27 proposals: CII demands new tax compact based on trust and technology

CBDT extends audit report filing, ITR deadlines for AY 2025-26 to Nov 10, Dec 10; check details

ITR deadline: Two High Courts extend tax filing deadline for tax audit cases to November 30; check details

Tax hacks: Why Sachin Tendulkar told tax officers he was an actor, not a cricketer

New GST registration system from November 2025: Key changes for small businesses

Union Budget 2026–27: FICCI seeks Direct Tax reforms to ease compliance, boost investor confidence

Infosys promoters opt out of record buyback; why new tax law is making payouts unattractive

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