Income Tax Department Uses Data Analytics To Flag Bogus Deduction Claims
The Income Tax Department (ITD) has detected cases involving wrongful tax relief and non-genuine deduction claims by using data analytics, […]
ITAT: Flipkart employee’s Rs 2.33 Crore ESOP buyback taxable as capital gains, not salary
Can money received from an Employee Stock Options (ESOPs) buyback be taxed as salary even if the employee never exercised
IRDAI should fast-track risk-based capital framework; GST on insurance needs rationalisation: Parliamentary panel
Falgging the declining market share of public sector insurers, Parliamentary Committee on Public Undertakings (CoPU) called on the Insurance Regulatory
Relief for defence startups as MoD agrees to fully reimburse 18% GST on R&D grants
More than a year after businessline wrote about the government taxing innovation, the Ministry of Defence (MoD) has finally settled the anomaly
Father and son arrested in Rs 22cr customs duty evasion scam
The Directorate of Revenue Intelligence (DRI) has arrested a city businessman and his son for allegedly evading customs duty of
JSW Dulux faces ₹118.33 crore GST demand over ITC disallowance
JSW Dulux Limited received a Show Cause Notice from the Karnataka GST Department on August 5, 2026, demanding ₹118.33 crore in
Govt drafts customs playbook for 100 imports to streamline FTA benefits
The government is preparing a comprehensive customs playbook for 100 key imported commodities to standardise the faceless customs regime to
Rs 33 Crore Multi-State GST Fraud Network Busted In Assam, 12 Arrested
The Assam Special Task Force (STF) has arrested three more people, including the alleged mastermind of a multi-state Goods and
CBDT enables foreign asset disclosure in AIS: What taxpayers need to know before filing ITR
The Central Board of Direct Taxes (CBDT) has introduced a new feature in the Annual Information Statement (AIS) that allows
Customs Duty On Most Items To Fall To Single Digits By Budget for 2027–28: FM Sitharaman
The government plans to continue rationalising tariff structures and aims to bring Customs duty on most items down to single-digit
