Definition of computer system to be wider under Income Tax Bill: FM
With digital data being stored in varieties of devices, the Finance Ministry will be widening the definition of the ‘computer […]
15th Finance Commission’s tax share rejig boosts Bihar, Maharashtra; Karnataka hit
Seven states have seen their share of the divisible tax pool shrink, while 21 have gained under the 15th Finance
Government clarifies Rs 75,000 standard deduction in New Tax Regime for salaried employees
The Government has introduced amendments to the Income Tax Act, 1961, aimed at clarifying the standard deduction of Rs 75,000
Akzo Nobel India Receives Favorable Order: Tax Demand Annulled; Relief of ₹11.19 Lakhs
Akzo Nobel India announced it received an appeal order dated July 9, 2025, from the CESTAT, Chandigarh, which completely set
Fresh Income Tax Bill brings clarity on taxation of rental income
After the Income Tax Bill was tabled in February, concerns mounted among homeowners regarding the computation of rental income from
GSTN Introduces “Navigate to GSTR-1A” Option on GST Portal
The Goods and Services Tax Network (GSTN) has rolled out a new feature, “Navigate to GSTR-1A”, on the GST Portal.
Rajasthan’s GST Circular regarding verification of Input Tax Credit claims for new registrations, registered after the prescribed time limit under CGST/RGST Act, 2017
The Rajasthan Commercial Taxes Department issued Circular No. F.17 (134) ACCT/GST/2017/547 dated August 12, 2025 regarding verification of Input Tax
Will the next phase of reforms pave the way for even fewer rates and stable GST revenues?
Conceptualised by former Prime Minister Atal Bihari Vajpayee in 2000, it took more than 17 years of discussions and negotiations
Two Mumbai bizmen arrested for Rs 50 cr GST evasion
The State Goods and Services Tax (SGST) department arrested two company directors in separate cases of alleged fraudulent Input Tax
Govt Grants Tax Exemption to Parambikulam Tiger Conservation Foundation
The Ministry of Finance, Department of Revenue vide Notification No. 131/2025 dated August 12, 2025 has granted tax exemption under
