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Flat 12% share buyback surcharge only on promoters: IT department

New Delhi, March 26 -- The 12% flat surcharge under the new share buyback taxation regime introduced in this year's Finance Bill will apply only in the case of promoters, the Income Tax Department sai... Read More


12% buyback surcharge in Finance Bill amendments, Nirmala Sitharaman clarifies

India, March 26 -- The Lok Sabha on Wednesday passed the Finance Bill, 2026, along with amendments moved by Union finance minister Nirmala Sitharaman to clarify the surcharge on share buybacks and imp... Read More


New ICAI course to build cadre for low-cost compliance support to small firms

New Delhi, March 26 -- The Institute of Chartered Accountants of India (ICAI) will have a new accounting course ready for launch by 1 July that will help prepare professionals to deliver cost-competit... Read More


Lok Sabha clears Finance Bill with buyback tax clarity tweaks

New Delhi, March 25 -- The Lok Sabha on Wednesday passed the Finance Bill, 2026, along with amendments moved by Union finance minister Nirmala Sitharaman to clarify the surcharge on share buybacks and... Read More


Goldman Sachs cuts India's 2026 growth forecast to 5.9%

New Delhi, March 25 -- India's economy is likely to grow 5.9% in 2026, lower than the 6.5% estimated earlier this month, according to Goldman Sachs as it downgraded global growth forecasts to reflect ... Read More


Goldman Sachs again cuts India's 2026 growth forecast to 5.9%

New Delhi, March 24 -- India's economy is likely to grow 5.9% in 2026, lower than the 6.5% estimated earlier this month, according to Goldman Sachs as it downgraded global growth forecasts to reflect ... Read More


Private sector output growth weak in March: PMI survey

New Delhi, March 24 -- India's private sector output grew in March at its weakest pace since October 2022, reflecting a softer upturn in domestic demand for goods and services despite surging export o... Read More


Tax nudges lead 5 million taxpayers to revise returns; refund claims drop Rs.2,000 crore

New Delhi, March 13 -- More than five million income tax returns were revised after the tax department flagged incorrect or bogus deduction claims last year, lowering refund claims by Rs.2,000 crore, ... Read More


India's retail inflation firms up to 3.21% in February as food & beverage, clothing prices rise

NEW DELHI, March 12 -- India's retail inflation firmed up to 3.21% in February, hit by the rise in prices of food and beverages, clothing and housing and utility services, according to provisional dat... Read More


India's retail inflation at 3.21% in February, higher than in January

NEW DELHI, March 12 -- India's retail inflation rose to 3.21% in February, hit by the rise in prices of food and beverages, clothing and housing and utility services, according to provisional data rel... Read More