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 […]
Recent Tax News
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
Zero-tax filers make up two-thirds of ITR submissions
About 66.5 per cent of the income tax return filers have zero tax liability, data presented in Lok Sabha on
States demanding funds as per their tax contribution is ‘petty thinking’: Piyush Goyal
Union Commerce Minister Piyush Goyal has said the demand by some States that they get central funds in proportion to
CBIC and CBDT Chiefs outline key steps to reduce tax-related litigations
In a bid to reduce tax-related litigation and streamline dispute resolution, the Central Board of Indirect Taxes and Customs (CBIC)
Tax cuts won’t be inflationary, fiscal consolidation path intact, says finance secretary
The decision to revamp the income- tax structure will not lead to inflationary pressures, as the fiscal consolidation path remains
New Income-Tax Act to make life simple for taxpayers: CBDT chairman Ravi Agrawal
The tax department has renewed its focus on simplification and is banking on trust. In an interview to TOI, chairman