Industry flags GST Section 74 misuse, experts call for clarity on error vs evasion
India Inc is increasingly voicing concern over the “arbitrary and excessive” use of Section 74 of the Central Goods and […]
IT dept finds ₹30,444 cr undisclosed income in FY25, held 465 surveys
The Income Tax department has conducted 465 surveys, leading to detection of undisclosed income of Rs 30,444 crore in the
West Bengal’s GST revenues rise 12% in July, Tripura leads with 41% surge
West Bengal recorded a 12 per cent year-on-year (Y-o-Y) increase in gross Goods and Services Tax (GST) collections in July
GST on online gaming: Centre argues before SC that full value of bets should be taxed
The Centre has told the Supreme Court on August 5 while presenting rejoinders to the arguments presented by online gaming
Evolve action plan to segregate business and individual income in personal income tax data: Parliamentary panel to I-T Department
A parliamentary standing committee has expressed strong dissatisfaction with the Income Tax Department’s refusal to provide segregated data for business
No tax exemption for fast-track demergers in new I-T bill, experts say will hamper ease of business
Experts have criticised the new tax bill for excluding fast-track demergers from tax-neutral treatment, saying the move contradicts the government’s
Tax arrears worth Rs 54.53 lakh crore pending as on June 30 Govt
Total direct and indirect tax arrears stood at over Rs 54.53 lakh crore as of June 30, Parliament was informed
GSTAT Functionality: Par Panel Urges FinMin Action
A parliamentary committee has asked the finance ministry to adopt a “time-bound” approach and “actively pursue and coordinate” with all
Virtual Digital Assets: Income tax of ₹705 crore paid in FY’23, FY’24
As much as ₹705 crore in taxes was paid for income from Virtual Digital Assets (VDA) transactions during FY’23 and
Jane Street under I-T dept scanner for potential tax violation via Singapore entities
The Income Tax (I-T) department is investigating whether Jane Street violated tax laws in India by booking profits via its
