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 […]
Recent Tax News
Informer Demands 20% Cut In Rs 23 Crore Tax Evasion Case, Moves Bombay High Court After 10 Years
An informer to the Income Tax Department moved the Bombay High Court demanding a reward for a tax evasion case
Tax rebate makes EVs cheaper in Gujarat
State finance minister Kanubhai Desai announced a rebate of 5% in vehicle tax for all fully battery-operated vehicles. Experts believe
Tax relief to act as catalyst for Indian quick service restaurant businesses: Goldman Sachs
The tax relief announced in the Union Budget will act as a catalyst for the quick service restaurant (QSR) businesses
Bombay High Court rules in favour of BCCI in Tax Exemption Case
In a relief to the Board of Control for Cricket in India (BCCI), the Bombay High Court has quashed an
Jalandhar man duped of Rs 3 lakh by fake Income Tax officer
A resident of Urban Estate Phase-1, Iqbaljit Singh Bhatia, was allegedly duped of Rs 3 lakh by a man posing
Foreign companies’ tax burden hits record low in India, shows CMIE data
Foreign firms now pay less tax relative to their earnings than at any time in more than three decades. Foreign
FinMin asks ICAI to review new Income Tax Bill 2025, suggest improvements
The Finance Ministry has asked the Institute of Chartered Accountants of India (ICAI) to review the new Income Tax Bill
Fantasy sports revenue may drop 10% in FY25 amid tax policy shifts: Report
Fantasy sports in India may be in for a rough season. The industry may see a 10% year-on-year decline in
Four of every five people who will file returns for FY26 likely to pay no tax, data shows
About 83.9 million Indians have filed income tax returns (ITRs) for financial year 2023-24 (FY24) as of December 2024. Of
