ICAI seeks fewer sections, simplification of language under new I-T Bill
The Institute of Chartered Accountants of India, the apex body for chartered accountants, has given its recommendations to the Lok […]
Recent Tax News
Stock price moves unrelated to taxation: Economic Affairs Secy Ajay Seth
Economic Affairs Secretary Ajay Seth on Thursday sought to dismiss the notion that the downturn in India’s stock market and
Govt’s FY25 dividend kitty rises beyond target
The Centre has collected Rs 59,638 crore in dividends from its share in Central Public Sector Enterprises (CPSEs) so far
Karnataka gears up for political showdown over cuts in tax devolution
A massive political storm has erupted over the NDA government’s alleged attempt to cut the states’ share of tax revenue
Central tax revenue cut: Is this how performing States are rewarded, T.N. Finance Minister asks Union govt
Reacting to media reports that the Union government was seeking to cut the Central tax revenues that States received, Tamil
State governments should not tax minerals excessively: Union Mines Minister
State governments should avoid levying higher taxes on minerals since this makes end-products like steel and cement more expensive, Union
Centre proposes to cut states’ tax share from FY27: Report
The Prime Minister Narendra Modi-led Central government is seeking to cut the tax revenues that states receive, three sources with
UP govt tax revenue may rise 16% in FY26, indicating economic growth
The Uttar Pradesh government has estimated a 16 per cent jump in tax revenue in the next financial year (FY26),
Virtual digital assets to be brought within scope of undisclosed income under Income Tax Act
In an effort to further rein in misuse of crypto, government has proposed to include virtual digital asset (VDA) in the
Delhi HC scraps ₹2,000 crore tax notice against Maruti Suzuki, calls it time-barred
The Delhi High Court quashed an income tax reassessment notice against Maruti Suzuki India Ltd. (MSIL) for the Assessment Year
