ITAT Chennai ruling clarifies equity transfers to private trusts for relatives are not taxable under Section 56(2)(x)
The Income Tax Appellate Tribunal (ITAT) Chennai has ruled that equity shares transferred to a private trust set up exclusively
Indore News: GSTAT Bench Likely To Be Operational In State In 3–4 Months
Indore (Madhya Pradesh): Sumit Kumar, Principal Additional Director General of Directorate General of Taxpayer Services (DGTS), Ahmedabad, said a bench
Lok Sabha passes Finance Bill 2026 with 32 amendments; FM Sitharaman says India ‘riding on reform express’
The Lok Sabha on Wednesday passed the Finance Bill 2026, along with 32 government amendments as Union Finance Minister Nirmala
CBIC Launches Payment Aggregator Facility on ICEGATE to Simplify and Expand Digital Customs Duty Payments
The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 13/2026-Customs dated March 24, 2026, outlining a
Textile and Apparel Exports Register Robust Growth; Government Initiatives Boost Sector Competitiveness
The textile and apparel sector of India, including handicrafts, has witnessed significant growth over the past few years. The exports
India’s Exports Surge to USD 714.73 Billion in FY 2025–26 (Apr–Jan), as Government Boosts Global Trade Presence and Launches ‘RELIEF’ Scheme to Counter Geopolitical Risks
India’s trade performance has remained robust and resilient, with exports recording a steady upward trajectory both in the current fiscal
Extension of Validity of TRQ Authorisations for Import of Gold under India-UAE CEPA
In a significant move aimed at facilitating trade and easing compliance for importers, the Government of India has announced the
CBIC Enables Payment through Aggregators for Customs Electronic Cash Ledger to Enhance Ease of Doing Business
The Central Board of Indirect Taxes and Customs (CBIC), under the Department of Revenue, Ministry of Finance, has issued Notification
CBIC Issues detailed SOP for Verification of Machine Declarations under HSNS Cess and Capacity Determination Rules to Ensure Transparency and Uniformity
The Central Board of Indirect Taxes and Customs (CBIC), through the Directorate General of Goods and Services Tax (DGGST), has
New Income Tax Rules 2026: 10 salary perks that can increase your tax from April 1
New Income-Tax Rules 2026: With the Income Tax Rules, 2026, being notified, from company-paid rent and office cars to free
