One TDS Mistake Cost Tenant Rs 1 Lakh Fine Despite Paying Rs 55k Regularly In Rent
A tenant received the tax penalty of Rs 1 lakh by the income tax department despite paying a regular Rs […]
Centre Eyes Rs 6 Lakh Crore from Cess and Surcharge in FY26, Up 10% Over FY25 – Details Inside
The central government has set an ambitious target to collect over ₹4.18 lakh crore from cess and more than ₹1.72
Nagaland records steep rise in GST revenue
Nagaland recorded a sharp rise in GST revenue, with 104% jump in June alone. The state tax department celebrated this
More Rate Cuts Incoming, GST Slabs Simplification—Major Economic Changes In August
As August approaches, India’s economy is at an important point with big decisions coming up. The Reserve Bank of India
Lower GST on bicycles from 12% to 5%: Makers to govt
Manufacturers of the city have revived their plea for the reduction of GST on bicycles from 12% to 5%. Their
Indian Economy Stays Resilient Despite Global Woes, FY26 Growth Likely At 6.2-6.5%: Finance Ministry
India’s economy continues to show signs of resilience despite global headwinds, supported by robust domestic demand, healthy monsoons, and fiscal
DGFT notifies three new SIONs for export products under Chemical & Allied Product Group
The DGFT vide Public Notice No. 16/2025-26, dated July 29, 2025, announces the fixation of new Standard Input Output Norms
GST collection has clocked double digit growth in April-June quarter: Minister
The average monthly net GST collection has risen by a robust 10.7 per cent to Rs 1,80,774 crore in the
Government Intensifies Trade Facilitation Efforts with Over 5,800 AEO Certificates Issued to Boost Exports and Imports
The Government of India has taken many steps to fast-track exports and imports under the Authorized Economic Operator (AEO) framework. This was stated by Union Minister of State for Finance Shri
CBDT notifies Income-tax (Twentieth Amendment) Rules, 2025; Amends the IT Rules to Recognize Foreign Portfolio Investors and Over-the-Counter Derivatives Under Rule 21AK
The CBDT issued Notification No. 126/2025 dated July 28, 2025, amending Rule 21AK of the Income-tax Rules, 1962, effective from
