Net direct tax collections for FY 2026-27 grew by 14.64% as of June 17, 2026, driven by higher corporate and non-corporate tax receipts. Advance tax collections also recorded double-digit growth, reflecting strong revenue performance.
Cyprus continues to offer a competitive destination for holding and trading companies despite the increase in corporate tax to 15% from 2026. The article highlights that EU access, participation exemptions, IP incentives, and business substance remain the key advantages.
The Income Tax Department explains how the e-Verification Scheme addresses mismatches between reported financial transactions and income tax returns through online verification and Section 133(6) notices. It also highlights taxpayers options to submit explanations or file updated returns to avoid further assessment proceedings
This article explains how Dreamina Seedance 2.0 transforms fragrance concepts into cinematic marketing videos using AI. It highlights features for visual storytelling, brand consistency, and luxury perfume campaigns. The key takeaway is that immersive video content can communicate a perfume’s identity before customers experience the scent.
PFRDA has permitted Government Entities to continue availing Point of Presence services despite the earlier requirement for direct CRA integration. The circular introduces a flat annual fee of ₹500 per subscriber covering all PoP-related services.
SEBI cautioned investors against trading unlisted public company securities on electronic platforms that are not recognized by the regulator. It reiterated that only recognized stock exchanges are authorized to facilitate securities trading.
GSTN has made Ship-to GSTIN conditionally mandatory in specified e-Invoice and e-Way Bill workflows. The change introduces stricter validations to improve data accuracy and compliance from 1 August 2026.
RBI has removed the interest rate ceiling on fresh FCNR(B) deposits with tenors of three to five years until September 30, 2026. The relaxation also applies to deposits renewed upon maturity during the specified period.
RBI amended capital adequacy norms for commercial banks by prescribing a zero percent risk weight for specified ECLGS 5.0 exposures. The amendment recognizes the reduced credit risk associated with government-backed guarantees.
RBI amended capital adequacy norms for All India Financial Institutions by prescribing a zero percent risk weight for specified ECLGS 5.0 exposures. The amendment recognizes the reduced credit risk arising from government-backed guarantees.
