Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) are two separate provisions under the Indian tax regime, both intended to facilitate early and efficient tax collection. Though applied during transactions, they differ in usage, liable parties, and the nature of the payments they cover.For both individuals and businesses, understanding how TDS and…
India’s industrial output growth fell to a nine-month low of 1.2% in May 2025, dragged down by weak performance in the manufacturing, mining, and electricity sectors, data released by the National Statistical Office (NSO) on Monday showed.The factory output, measured by the Index of Industrial Production (IIP), had grown 6.3% in May 2024, while the…
As the Goods and Services Tax (GST) marks eight years since its rollout, PwC India has called for key reforms, including a simplified three-rate structure and the phased inclusion of petroleum products under the GST ambit, starting with Aviation Turbine Fuel (ATF).The GST regime, introduced on July 1, 2017, replaced 17 local taxes and 13…
Short-haul destinations in Asia continue to attract Indian travellers despite a decline in long-distance travel since summer due to geopolitical issues. Countries such as Thailand, Malaysia, Vietnam, Indonesia, Bhutan, Sri Lanka, and Nepal maintain their appeal, according to travel firms.“While travellers have considered delaying or postponing plans, Southeast Asia has emerged as a go-to destination…
Whilst conditions appear favourable for small-cap growth, success will depend on careful analysis and selective investment choices. (AI image) India’s equity market appears set for a significant transformation as it enters the latter half of 2025. The first half of 2025 witnessed the Sensex climb approximately 8%, displaying notable strength in large-cap shares that guided…
For years, influential individuals have employed this scheme of purchasing agricultural property at understated values through cash payments. (AI image) Tax authorities are now scrutinising the often used practice of using agricultural land transactions to conceal unaccounted money. A recent verdict from the Income Tax Appellate Tribunal (ITAT) could potentially disrupt this established practice. According…
Remittances constituted over 10% of the total gross current account inflows. Remittances from Indian diaspora hit record high! The overseas Indian community transferred $135.46 billion to India during the previous fiscal year, setting a new record. For over ten years, India has maintained its position as the leading recipient of diaspora remittances globally.The Reserve Bank…
Adani Enterprises, the flagship entity of business magnate Gautam Adani, has submitted draft documentation to stock exchanges, outlining plans to secure 10 billion rupees ($117 million) through retail bond offerings, according to Reuters report.The company’s return to the retail bond market comes after its initial debt offering in September 2024, when it successfully gathered 8…
The market trajectory will remain influenced by global factors. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Monday. While Nifty50 was near 25,600, BSE Sensex was down 100 points. At 9:17 AM, Nifty50 was trading at 25,620.25, down 18 points or 0.068%. BSE Sensex was…
The transformation of Dharavi, Asia’s largest slum, will include a dedicated commercial business district, introducing a strong business and employment focus to the broader urban renewal project. A significant portion of the nearly 600-acre prime land parcel in the heart of Mumbai is being allocated for commercial development, with plans to establish a central business…
