Higher personal income tax collections could bolster direct tax collections by Rs 13,000 cr for FY25
India’s direct tax collections for the fiscal year 2024-25 (FY25) are likely to exceed the budget’s revised estimate (RE) of […]
Bira maker in tax trouble, struggles with salary and vendor payment delays
The Maharashtra Value Added Tax (MVAT) department has directed all distributors of Bira beer to redirect any pending payments to
Industry bodies seek input tax credit under CGST on commercial properties meant for leasing purposes
Industry bodies FICCI and Assocham have demanded that real estate developers should be allowed to claim Input Tax Credit (ITC)
Income Tax and ED Intensify Crackdown On HNIs With Undeclared Foreign Assets In Tax Havens
The Department of Revenue, Ministry of Finance has intensified crackdown on black money and undeclared assets of taxpayers with the
Smokey Affair: GST on cigarettes, tobacco products may be raised
India could consider raising goods and service tax on cigarettes and other tobacco products once it stops levying a compensation
Bombay High Court rules in favour of BCCI in Tax Exemption Case
In a relief to the Board of Control for Cricket in India (BCCI), the Bombay High Court has quashed an
Income Tax Dept uncovers ₹22,000 crore in undisclosed foreign assets and investments: Report
The Income Tax Department has detected ₹22,000 crore worth of undisclosed foreign assets and investments, The Economic Times reported, citing
Is this the era for high duties? FM questions India’s tariffs, signals CBIC to reduce rates
Finance minister Nirmala Sitharaman has questioned the relevance of high import duties in today’s economic landscape, signalling the Central Board
ICICI Prudential faces ₹190 cr GST demand from Maharashtra Tax Authority
ICICI Prudential Life Insurance Company Limited has received an order demanding ₹ 1,90,22,87,884/- under Section 73 of MGST Act, 2017
Delhi Police arrests two for demanding Rs 50000 bribe to revoke GST suspension
Delhi Police’s Anti-Corruption Branch (ACB) has arrested two individuals, including a government stenographer, for allegedly demanding a bribe in connection
