UP labourer gets income tax notice, stunned to find over Rs 221 crore in account
A labourer from Uttar Pradesh’s Basti district turned a crorepati overnight. But there lies a twist! It was the money in his […]
Income Tax, News
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Income Tax, News
Yatharth Hospital group’s several premises raided by income tax department: Report
The income tax department on Thursday raided several premises of Yatharth Hospital group in Uttar Pradesh and Delhi on charges
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Income Tax dept may launch drive to quicken refunds
Given that 3.5 million cases of tax refunds are “held up”, the Income Tax (IT) department is considering organising campaigns
export import, News
World Trade Organization can’t interfere in India’s IT export restrictions
India is well within its rights to seek a trusted and safe supply chain for its digital ecosystem, said a
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India needs to be cautious of carbon levy in FTA, says GTRI report
India needs to be wary of the United Kingdom’s (UK) proposed carbon tax and insert a suitable text in the
Central Excise - 2023, News
Govt slashes windfall tax on domestic crude from Rs 12,100/ tn to Rs 9,050/ tn
Effective from October 18, the Finance Ministry issued a notification on Tuesday saying that the special additional excise duty (SAED)
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Telcos may file review plea in SC on licence fee issue
Telecom operators who have been hit by an adverse judicial pronouncement relating to treatment of licence fee as capex instead
Income Tax, News
Income Tax Dept moves HC against tribunal for favouring LIC in Rs 5K cr tax cases
Life Insurance Corporation (LIC) on Tuesday said that the Income Tax Authority has filed an appeal with the Bombay High
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Imported food item for re-export doesn’t need clearance, says FSSAI
The Custom authority does not need to send an imported food item for clearance to the Food Safety and Standards
Income Tax, News
Setback for telcos as Supreme Court holds telecom licence fee ‘capital in nature’
The Supreme Court on October 16, 2023 held that payment of entry fee as well as variable annual licence fee under New