Four of every five people who will file returns for FY26 likely to pay no tax, data shows
About 83.9 million Indians have filed income tax returns (ITRs) for financial year 2023-24 (FY24) as of December 2024. Of […]
Average Tax Under GST Dips From 15.8 Per Cent To 11.3 Per Cent, Says FM Nirmala Sitharaman In Rajya Sabha
Finance Minister Nirmala Sitharaman on Tuesday informed the Rajya Sabha that indirect tax under the Goods and Services Tax (GST)
Vedanta Limited faces ₹ 1.07 cr penalty from GST authorities
Vedanta Limited has received an Order confirming Penalty of ₹ 1,07,80,010/- along with Tax demand and applicable Interest, according to
Centre can’t levy service tax on lottery distributors, rules Supreme Court
In a relief to lottery firms such as Future Gaming and Hotel Services Pvt. Ltd, the Supreme Court has ruled
New tax rules on profits derived by foreign companies in the works, says report
The government is set to issue a new set of rules to determine how profits derived from the country by
Bombay HC Quashes DGFT’s Show Cause Notice Against Essar Shipping, Calls It Arbitrary
The Bombay High Court has quashed a show cause notice (SCN) issued by the Director General of Foreign Trade (DGFT)
New Income Tax Bill: 10 Key points every taxpayer must know
After receiving the cabinet nod last week, new income tax law is set to be tabled in the Parliament this
GST cuts likely, some rate slabs may even merge: Finance Minister
The Indian middle class’ demand for a cut in goods and services tax (GST) may soon be delivered. The GST
New Income Tax bill likely to reduce penal provisions, could streamline paperwork, claim sources
With all eyes on the new Income Tax Bill, which is slated to be tabled in Parliament this week, sources
Tax officers told to give relief to businesses on GST interest, penalty
The Central Board of Indirect Taxes and Customs (CBIC) has told field officers that businesses which have paid tax dues
