Tax dept to take the help of AI to stop evasion by granite quarries in Palnadu dist
The recent seizure of huge stocks of granite in Palnadu district of Andhra Pradesh has brought the tax evasion racket, […]
Income Tax Recent News – 2025
FinMin rejects Corporate Affairs’s pitch to exempt IBC loan waivers from income tax
In a striking inter-ministerial divergence, the Ministry of Finance (MoF) has rejected a key recommendation made by the Ministry of
Govt plans new tax and family benefits to boost UPS adoption: Report
The Centre is considering additional incentives to make the Unified Pension Scheme (UPS) more appealing to both new government recruits
New Income Tax Bill Halves Word Count, Eases Compliance: Baijayant Jay Panda
BJP Member of Parliament and Chairman of the Finance Select Committee, Baijayant Jay Panda on Tuesday reflected upon the ongoing
Govt foregoes ₹99,000 crore corporate tax revenue in FY24, says MoS Finance. Here’s why
The government has foregone nearly ₹99,000 crore in revenue during the 2023-24 fiscal year due to tax incentives provided to
Black money tax demands amount to ₹35,000 crore, but recovery crawls at only ₹338 crore
India has raised tax and penalty demands amounting to over ₹35,105 crore under the Black Money (Undisclosed Foreign Income and
Income tax collections from cryptocurrencies jump to Rs 437.43 crore in FY24
Income tax collected from cryptocurrencies or Virtual Digital Asset (VDA) transactions was recorded at Rs 437.43 crore in FY24. This
Centre rejects demand to slash TDS on crypto transactions during Select Committee discussions on Income Tax Bill, 2025
The Ministry of Finance has rejected a recommendation to ease the tax burden on Virtual Digital Asset (VDA) transactions, turning
Parliamentary panel suggests relief in refunds to small tax payers if ITR not filed in due time
A Parliamentary panel, which examined the new Income Tax Bill, on Monday suggested that the Finance Ministry should allow individual
Income tax cuts, lending rate easing, good rains yet to spur auto demand: Report
The positive macroeconomic indicators of Indian economy, such as income tax cuts, easing lending rates, and above-normal rainfall, have not
