Gujarat: Govt collects Rs 33.98 crore in taxes in two years on liquor sales in the ‘dry’ state
Gujarat, which is widely known as the ‘dry’ state for its prohibitions and strict regulations on the consumption of alcohol, […]
New TDS rules from April 01, 2025: How will investors, senior citizens benefit
The new Tax Deducted at Source (TDS) rules announced in Budget 2025 will take effect from April 1, 2025. The
Nearly 5 Lakh Taxpayers Have Reported Income Over Rs 1 Crore Till February 2025: ITR Data
ITR data showed that roughly 3.89 lakh taxpayers reported an income between Rs 1 crore and Rs 5 crore. More
CBDT permits tax offence settlement through compounding under revised rules
The Central Board of Direct Taxes (CBDT) has announced that all tax-related offences, including those investigated by the Enforcement Directorate
Taxpayer must prove land’s agricultural status for capital gains relief: HC
The Kerala High Court recently held that the burden of proof is on the taxpayer to show that he/she is
FY25 advance tax mop up rises 14%, led by personal Income Tax segment
Boosted by strong growth in personal income tax-led non-corporate segments, advance tax collections in 2024-25 rose over 14 per cent,
CBDT launches utility on E-filing Portal; Seeking stakeholders’ input for drafting Income-tax Rules and related forms consequent to the Income Tax Bill, 2025
The Income Tax Bill, 2025 has been introduced in Parliament and is currently under examination by the Select Committee for
Madhya Pradesh GST Dept notifies Jurisdiction to exercise power under Section 74A of the MPGST Act
The Madhya Pradesh GST Department issued Order 01/2025 dated February 21, 2025. It amends Order No. 03/2024 by inserting a
Updated Utility Excel Based for ITR 3 Released by Income tax Dept
The Income Tax Department released the updated Utility Excel Based for ITR 3 (for individuals and HUFs with business or
India’s Trade Performance: Growth in Exports and Services Amidst Import Decline (April-February 2024-25)
India’s Ministry of Commerce & Industry reported that the cumulative exports (merchandise & services) during April-February 2024-25 were estimated at
