Taxes News
From wishful spenders to thoughtful savers: How kids are writing money rules
From children's financial literacy to advanced investment strategies, Mint brings you essential insights for managing your money.
3 min read07:00 AM ISTIs an NRI liable to pay advance tax on dividend income?
A private limited company may declare an interim dividend at any time during the financial year, provided it is paid out of the profits earned by the company during that financial year.
2 min read3 Nov 2025Low tax growth didn’t derail India’s finances in H1FY26. Here’s why
The Centre’s tax collections have been weak this year, putting budget estimates in doubt even before the impact of recent GST cuts sets in. Yet, it has managed to stay on course with its capex commitments.
2 min read2 Nov 2025What are the tax implications for a UAE-based NRI trading in unlisted Indian shares?
An NRI investor asks if buying and selling unlisted shares below quoted prices through an NRO account could attract Indian tax. Here’s what the tax expert says.
2 min read27 Oct 2025Centre, states collect gross GST receipts of ₹1.89 trillion in September
After refunds, net GST collections were ₹1.6 trillion, up 5%. The growth reflects resilience in India's domestic economy despite anticipated sales slowdowns ahead of GST rate changes.
2 min read1 Oct 2025The new Income Tax Act has not simplified tax, says CA Prakash Hegde
While the introduction of a new tax regime and revised capital gains taxation in India offers simplicity, complexities in compliance persist, requiring professional assistance for navigation.
2 min read1 Oct 2025Is there capital gains exemption on reinvesting share sale proceeds?
NRIs can claim capital gains exemption on reinvestment of share sale proceeds if certain conditions under the Income-tax Act are met.
2 min read29 Sep 2025Net direct tax collection grows 9.18% annually to ₹10.83 trillion
The reduction in personal income tax refunds this year led to a 13.67% growth in net non-corporate tax revenue collection, comprising mainly of personal income tax receipts.
2 min read19 Sep 2025Indirect tax authority to watch prices after GST cut, says top official
Revenue secretary Arvind Shrivastava said after the GST Council meeting that industry groups have promised to pass on the rate cut benefit to consumers this time as well.
3 min read5 Sep 2025How FMCG and appliance makers plan to pass on GST benefits to consumers
The recent GST rate cuts from 12-18% to 5% will benefit consumers and companies, prompting FMCG makers to adjust pack sizes and promote products. While companies may not change prices of low-priced products, consumers can expect MRP reduction on large pack sizes.
5 min read4 Sep 2025Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared