Jewellery worth over Rs 90 lakh seized by Income Tax Department vanishes from bank locker – High Court orders taxpayer to be compensated
The Income Tax Department seizes assets, and they are stolen from the bank locker they are stored in – the […]
FinMin seeks industry suggestions on tax changes expected in FY27 Budget
The Finance Ministry has called for suggestions from trade and industry on tax rate changes and ease of compliance expected
Global uncertainties present downside risks to growth outlook; GST rate cut, reforms to mitigate impact: Finance Ministry
The Finance Ministry has cautioned that persistent global uncertainties will continue to affect external demand, posing downside risks to India’s
GST reset likely to boost demand outlook: Finance ministry report
The lower GST rate is expected to support a positive demand outlook by reducing the tax burden on consumers and
Tax Audit Due Date extended to 10th November 2025 and Due Date of ITR extended to 10th December 2025
The Central Board of Direct Taxes (CBDT) has decided to extend the due date of furnishing of Return of Income
12th-pass Jharkhand man poses as income tax officer, defrauds woman of Rs 9 lakh
The Gujarat police on Tuesday arrested a man named Aman Kumar for allegedly defrauding 35 people worth crores of rupees
GST 2.0 nudges car buyers toward premium upgrades
Recent cuts in goods and services tax (GST) on cars have pushed buyers toward premium upgrades, with about 80 per
GST relief fuels India’s car upgrade wave, EV optimism, says study
While GST reductions on cars fuelled a rebound in sales in the festive season, around 80 per cent of buyers
Major changes in GST Invoice Management System (IMS) from October 2025 tax period
The Goods and Services Tax Network (GSTN) recently announced a new feature in the Invoice Management System (IMS) on the
Bombay HC Quashes Income Tax Assessment Over Use of AI-generated Case Laws
The Bombay High Court quashed an income tax assessment after finding that the Assessing Officer relied on non-existent, AI-generated case
