India hikes windfall tax on petroleum crude to Rs 9,800/tonne
The Indian government has increased windfall tax on domestically produced petroleum crude to Rs 9,800 per tonne from Rs 9,050 […]
Central Excise - 2023, News
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CA firms classified as professional, not eligible for ESI benefits: Gujarat HC
The Gujarat High Court has ruled that a Chartered Accountancy (CA) firm should be classified as a professional establishment rather
Income Tax, News
Income Tax Department initiates comprehensive profiling of HNIs involved in tax evasion; Details here
The Income Tax Department is fully prepared to take stringent action against high-net-worth individuals (HNIs) who engage in tax underpayment, according to Financial
Income Tax, News
Colgate Palmolive loses early gains after Rs 170-crore tax liability notice
Shares of Colgate Palmolive opened at Rs 2,089.25, almost 1.7 percent higher on October 31 after the household and consumer products manufacturer received a
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Finance Minister Nirmala Sitharaman bats for stricter customs enforcement at GCCEM 2023
Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, delivered a keynote address at the Global Conference on Cooperation in Enforcement Matters
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Customs using cutting-edge tech to detect illicit trade: CBIC Chairman
India’s customs authorities are “actively deploying” cutting-edge technologies including big data analytics, artificial intelligence, image analytics to detect fraud and
Income Tax, News
Bombay HC Warns Income Tax Officers For Delaying Assessment Orders, Giving Little Time To Taxpayers To Respond
Expressing displeasure over the functioning of income tax (IT), the Bombay High Court has warned that it may start imposing
Income Tax, News
34% rise in entities filing tax returns of over Rs 500 crore in FY21
There were 589 taxpayers who filed returns with a gross total income of over Rs 500 crore in assessment year
Income Tax, News
Teacher clicks on link to update PAN Card, loses ₹3.82 Lakh
A 36-year-old teacher working with a preschool in Mira Road became the latest target of cybercrooks who siphoned off ₹3.28
Income Tax, News
Income Tax commences 360 degree profiling of HNI tax evaders
Concerned that the cut in the highest tax rate on personal income from 42.74% to 39% in the Budget FY24