Average time for issuing Income Tax refunds hits three-year high in FY26
Investigation into bogus donations and fraudulent tax deductions caused unusual delays in tax refunds for the 2025-26 fiscal year, according […]
ITR-1 expands scope to include LTCG up to exemption limit; here’s what else has changed
With the government notifying Income Tax Return (ITR) forms for Assessment Year 2026–27, the filing season has effectively begun, giving
Karnataka ends EV tax exemptions: New lifetime charges to hit all electric car buyers
The Karnataka government introduced a lifetime tax on all electric four-wheelers in the state, ending earlier exemptions. This is part
SMS Pharma Faces Rs 7.19 Crore Tax Demand in Income Under-Reporting Case
SMS Pharmaceuticals Limited has received an income tax demand notice of Rs 7.19 crore for the assessment year 2018–19, along
Commercial taxes department collects record Rs. 43,324 cr in 2025-26
State commercial taxes minister Bijendra Prasad Yadav said on Thursday that the department has made a record collection of taxes
Income Tax notices rock insurance distribution ecosystem; ORC payouts under scanner
Income Tax Department has issued notices to a large number of insurance brokers and corporate agents, triggering fresh scrutiny across
CAG flags ₹74,766 crore tax impact from deductions claimed by banks, NBFCs
The Comptroller and Auditor General (CAG) of India has flagged a potential tax implication of ₹74,766.39 crore arising from exemptions
Windfall gains tax on diesel, jet fuel exports not applicable to exports from SEZ refinery of Reliance Industries
The levies imposed last week on exports of diesel and aviation turbine fuel (ATF) will not be applicable to fuel
DGGI arrests key accused in fake Input Tax Credit racket
The Directorate General of GST Intelligence (DGGI), Visakhapatnam Zonal Unit, on Thursday informed that it has arrested T. Venkata Swaroop
GST collections in Goa shrink 2.1% as state’s share remains flat
The GST revenue data for 2025-26 shows that while the state’s taxpayer base is expanding, Goa is seeing a significant
