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 may consider setting a military expenditure benchmark at 3 per cent of GDP, creating a permanent defence modernisation fund, and boosting domestic manufacturing, according to the June edition of EY’s Economy Watch report released on Monday. The report, quoted by news agency PTI, highlights the need for forward-looking defence budget planning to build a…
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…
IndusInd Bank has submitted three names — Rajiv Anand, Rahul Shukla, and Anup Saha — to the Reserve Bank of India (RBI) for the position of managing director and CEO, with the board recommending Anand as its top choice, Reuters reported citing two sources.The shortlist comes after the resignation of former CEO Sumant Kathpalia and…
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…
Mid-market global capability centres (GCCs) are expected to generate 40,000 new jobs in India by the end of 2026, expanding their total workforce to over 260,000, according to data from talent solutions firm ANSR shared with the Economic Times. Around 120 new mid-sized GCCs are anticipated during this period, largely across the software, banking, finance…
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…
New Delhi: Tata Steel said it has received a show cause-cum-demand (SCN) notice from tax authorities over an “alleged irregular availment of input tax credit” amounting to over Rs 1,000 crore between FY19 and FY23. The company said it has already paid a GST of Rs 514,19,36,211 in the normal course of business. Agencies Source…
Mumbai: State Bank of India (SBI) is set to undergo a digital transformation in FY26, led by the launch of a revamped Yono platform. Dubbed ‘Only Yono’, the new app will feature hyper-personalised user journeys and have biometric logins and multilingual support. The bank is also expanding paperless account opening through video KYC for sole…
Top stocks to buy (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting June 30, 2025) are Federal Bank, and Prince Pipes. Let’s take a look: Name CMP Target Upside Federal Bank 209 250 20% Prince Pipes 358 500 40% Federal BankFederal Bank has…
