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Budget Express 2026

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Pavan Burugula

Assistant Editor

Moneycontrol

Governance experts red-flag two recent Zee disclosures regarding Sebi notice and promoter stake rise

BUSINESS

Governance experts red-flag two recent Zee disclosures regarding Sebi notice and promoter stake rise

Zee refuted the allegations and said, the Company has always followed highest corporate governance standards.

Apple vs CCI: Is Apple’s fight over new penalty rules truly warranted?

BUSINESS

Apple vs CCI: Is Apple’s fight over new penalty rules truly warranted?

Legal experts say the Nagrik Chetna Manch verdict, which is being cited by Apple, is a peculiar case with unique facts and cannot be generalised.

Kalyan Jewellers flags alleged market manipulation to SEBI, seeks suspension from F&O segment

BUSINESS

Kalyan Jewellers flags alleged market manipulation to SEBI, seeks suspension from F&O segment

In the letter sent sometime in 2025, Kalyan said some ‘known and unknown’ entities were resorting to excess speculation in the stock

Tax defaults in India surge 5.7 times to Rs 20 lakh crore in 3 years with legacy defaults rising nearly 8 times

BUDGET

Tax defaults in India surge 5.7 times to Rs 20 lakh crore in 3 years with legacy defaults rising nearly 8 times

The data captures tax demands in cases where the taxpayers either don’t have any assets that the department can attach to discharge the tax dues, or the taxpayers are absconding and untraceable.

STT collection for FY27 likely to be subdued due to falling market volumes

BUSINESS

STT collection for FY27 likely to be subdued due to falling market volumes

For FY27, the government has estimated that it will collect Rs 73,700 crore via STT, which is lower than the FY26 budget estimate of Rs 78,000 crore for STT collection. The levy has already seen a dip in FY26 due to reduced volumes especially in the F&O segment prompting the government to revise its STT collection estimate for the current financial year downwards to Rs 63,700 crore.

Large HFT traders Jane Street, Jump, Graviton, arbitrage MFs to feel the pinch of STT hike

BUSINESS

Large HFT traders Jane Street, Jump, Graviton, arbitrage MFs to feel the pinch of STT hike

While the large HFT firms use algos to make massive trades in F&O, arbitrage funds generally interplay between cash and F&O market to make a small profit

Budget 2026: FPIs using brokers get GST exemption for brokerage services

BUDGET

Budget 2026: FPIs using brokers get GST exemption for brokerage services

Until now brokerage fee paid by the foreign funds was subject to 18% GST

Budget 2026: Extension of tax holiday for Gift City banks to benefit big domestic lenders

BUDGET

Budget 2026: Extension of tax holiday for Gift City banks to benefit big domestic lenders

The government has extended the tax holiday for IBUs from 10 years currently to 25 years.

Budget restricts MAT credits use to drive shift towards new tax regime

BUDGET

Budget restricts MAT credits use to drive shift towards new tax regime

Companies will not be able to claim new MAT credits from FY27 and government has allowed existing credits to be adjusted with tax outgo even under new regime.

Budget 2026: Companies to see higher tax outflow on MF investments

BUDGET

Budget 2026: Companies to see higher tax outflow on MF investments

Companies usually park surplus money in debt and equity mutual funds for which they could avail tax benefit, which has now been taken away

Budget 2026: Companies seek elimination of TDS and TCS on GST-covered transactions

BUSINESS

Budget 2026: Companies seek elimination of TDS and TCS on GST-covered transactions

Current TDS/TCS system poses a compliance challenge for companies, with rates varying from 0.1% to 35%, say tax experts

Economic Survey: The new Securities Market Code will serve as model for other Indian regulators

BUSINESS

Economic Survey: The new Securities Market Code will serve as model for other Indian regulators

The government had initially proposed SMC in the Union Budget for FY22, however the bill was finally introduced in Lok Sabha on 18 December 2025.

Groww, Physicswallah, other newly listed tech firms face institutional opposition over ESOPs

BUSINESS

Groww, Physicswallah, other newly listed tech firms face institutional opposition over ESOPs

Potential dilution, beneficiaries and fair disclosures are key reasons behind this scrutiny, say governance experts

Chinese funds keener on India investments as geo-political tensions between countries ease

BUSINESS

Chinese funds keener on India investments as geo-political tensions between countries ease

At least four new China based funds looking to get an FPI licence in India, indicating revived interest in Indian markets

Tiger Global verdict bolsters India's indirect transfer provisions framed after retrospective tax disputes 

BUSINESS

Tiger Global verdict bolsters India's indirect transfer provisions framed after retrospective tax disputes 

The verdict could result in billions of dollars in tax demands, affecting not only foreign portfolio investors and private equity funds but also large overseas companies with investments in India.

Tiger Global ruling may affect more than 500 foreign funds in India’s F&O market

BUSINESS

Tiger Global ruling may affect more than 500 foreign funds in India’s F&O market

Many FPIs set up shop in Mauritius or Singapore to avail zero tax on derivative market gains and these structures need to be revisited post apex court verdict

CCI summons steel pipe companies in connection to cartelisation, bid-rigging probe

BUSINESS

CCI summons steel pipe companies in connection to cartelisation, bid-rigging probe

Commencing on January 12, the hearings follow the CCI’s September 2025 raids on the offices of leading steel pipe producers.

Fast-track demergers for corporate restructuring face tax roadblocks

BUSINESS

Fast-track demergers for corporate restructuring face tax roadblocks

Currently, fast-track demergers are not covered under exempt transactions under tax rules, leading to a tax incidence in the range of 12.5% to 36%.

Large taxpayers may soon have fully automated tax compliance systems

BUSINESS

Large taxpayers may soon have fully automated tax compliance systems

The central government has begun granting API access to tax portals, paving the way for AI-led automation tools for filings and compliance.

Indian liquor industry faces glass recycling deficit

BUSINESS

Indian liquor industry faces glass recycling deficit

Only 40-50% of container glass produced in India is recycled, leading to higher costs and increased carbon footprint for liquor companies.

Iskcon vs Iskcon: What the SC battle means for group's Bengaluru temple and other trusts with similar structures?

BUSINESS

Iskcon vs Iskcon: What the SC battle means for group's Bengaluru temple and other trusts with similar structures?

The Iskcon temple facing the property dispute is located in Rajajinagar in Bengaluru. The value of the land could run into hundreds of crores, say real estate experts

Tax scrutiny hits startup founders over undisclosed foreign ESOPs

BUSINESS

Tax scrutiny hits startup founders over undisclosed foreign ESOPs

ESOPs allotted to founders and executives of companies with externalised structures are in the radar of the tax department

Luxury hotels step outside the room with curated lifestyle products

BUSINESS

Luxury hotels step outside the room with curated lifestyle products

Indian luxury hotels are increasingly offering brand extension products with an eye on deeper engagement with loyal customers.

India’s listed REITs have a stellar 2025 with unit prices rising up to 16-28%

BUSINESS

India’s listed REITs have a stellar 2025 with unit prices rising up to 16-28%

Four listed REITs have seen significant appreciation in price terms, while average yields have fallen by about 35 basis points

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