IT Tribunal allows Section 80P deduction for late ITR filing: What it means for cooperative societies
The Income Tax Appellate Tribunal (ITAT) Rajkot Bench has ruled that a cooperative society can claim a tax deduction under […]
Cash deposits made during demonetisation not taxable if disclosed, rules IT Tribunal
Cash deposits made during the 2016 demonetisation period are not liable for additional tax if they were already recorded in
Second accused held in massive GST invoice fraud case
In a significant development following the arrest on July 8, in connection with a multi-crore GST invoice fraud, the Anti-Evasion
Average Income Tax Refund Time Drops From 93 Days In 2013 To Just 17 Days In 2024: CBDT Data
The average number of days it takes for taxpayers to get refunds from the Income Tax Department in India has
Lad criticises GST burden on poor, questions central govt policies says Labour minister Santosh Lad
Labour minister Santosh Lad strongly criticised the central govt’s GST implementation. He highlighted that even basic items are taxed, affecting
Commerce Ministry to Launch New ODOP Guidelines to Boost First-Time Exporters and Tap Global Markets, Showcasing India’s District-Driven Growth and Legacy: Piyush Goyal
Union Minister of Commerce and Industry, Shri Piyush Goyal, addressed the National One District One Product (ODOP) 2024 Award ceremony
Tax Refunds under direct taxes, GST see steady rise in April-June quarter, net collection impacted
Refunds in both direct taxes and GST registered a steady rise during the first quarter of the last three fiscals.
New GST scam alert: Officials selling traders’ data to rivals for monetary gains, alleges CAs body
Details uploaded by traders while filing their returns under the Goods and Services Tax (GST)—about their purchases and sales—are being
Income Tax refunds up 6x in 11 years at ₹4.8L crore
The income-tax department has issued ₹4.76 lakh crore in refunds in FY25, a staggering increase from ₹83,008 crore in FY14,
GST rate overhaul: Amit Shah to lead talks with states and Central Ministries, focus on dropping 12% tax slab
Union Home Minister Amit Shah will soon begin discussions with state governments and Central ministries to speed up the process
