Cash gifts from family, relatives not exempt from income tax if you fail to explain these details, says ITAT
Cash gifts from relatives are generally tax-free under the Income Tax Act. But a recent case discussed by tax advisory […]
MAT revamp prompts capital-intensive firms to modify tax planning
The proposed changes to the Minimum Alternate Tax (MAT) regime, announced in the Union Budget for FY27, will significantly impact
From high-value swipe scrutiny to tax payments: 5 big changes proposed for credit card users
Credit card usage in India could soon come under sharper regulatory oversight if the proposed Income Tax Draft Rules, 2026
Draft income tax rules 2026: New PAN Card quoting requirements for property transactions – check details
Draft income tax rules 2026: The Income Tax Department recently released the draft income tax rules in line with the
DGFT Notifies Rationalisation of RoDTEP Rates
The Government of India has announced a major change in the Remission of Duties and Taxes on Exported Products (RoDTEP)
ICICI Bank gets ₹50.38 crore GST demand; to challenge order
ICICI Bank Ltd has received an Order in Appeal (OIA) from the Maharashtra Goods and Services Tax (GST) Department raising
Mastermind arrested for creating fake GST invoices in Vizag
In a significant breakthrough, officers of Anti-Evasion, Visakhapatnam CGST Commissionerate, arrested the mastermind behind the generation of fake invoices to
Tax refund scam alert: How one taxpayer lost Rs 1.5 lakh to fake ‘refund delay’ message
The Income Tax Department has issued a fresh warning over a surge in fraudulent messages falsely claiming delays in income
Governments of India and France sign the Amending Protocol to amend the India-France Double Taxation Avoidance Convention
During the recent visit of the President of France to India, the Government of the Republic of India and the
Tamil Nadu misses ‘own tax revenue’ target by Rs 14,355 cr, blames it on GST
The interim budget of the Tamil Nadu government for the year 2026-27 has revealed a shortfall of Rs 14,355 crore
