Number of Income Tax returns nearly double in nine years
The total number of income tax returns(ITRs) filed by personal income tax filers (PIT), – individuals and Hindu Undivided Family […]
Income Tax, News
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IBC, News
Govt may clarify prospective clause of IBC exemption for aviation
The Ministry of Corporate Affairs (MCA) is likely to clarify to the Delhi High Court that the recent amendment to
Income Tax, News
No angel tax scrutiny for DPIIT-recognised start-ups: CBDT tells officers
In a directive issued to its field officials, the Central Board of Direct Taxes (CBDT) has instructed them not to
Income Tax, News
Income Tax notice: 6 high-value cash transactions that can get you flagged by I-T dept
The Income Tax Department takes cognizance of certain high-value transactions that could land you in the legal net if ignored.
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India may soon get access to data on “undisclosed” Indian-owned real estate assets abroad
In a yet another move to curb existence of black money, India is soon likely to get access to data
Income Tax, News
No penalty on non-disclosure of interest on tax refund: ITAT
In a case between a senior citizen and the income tax department, the tax tribunal’s Mumbai bench held that the
DGFT, News
DGFT puts new import registration regime in place for laptops, tablets from November 1, 2023
The Directorate General of Foreign Trade (DGFT) is gearing up to activate its import management system for registration of laptops, computers,
News, Service Tax 2023
Supreme Court says restaurants not subject to service tax for take away food orders
The Supreme Court has held that restaurants are not subject to service tax for take away food orders and sharing
Income Tax, News
Analysing Swiss Bank Accounts Data Of Indians, says CBDT Chairman, Nitin Gupta
The Central Board of Direct Taxes (CBDT) Chairman Nitin Gupta said the Income Tax Department will analyse the bank accounts
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TN govt announces a new Samadhan scheme with waivers and concessions to settle ₹25,000 cr tax dues
The Tamil Nadu government on Tuesday announced a new Samadhan scheme with waivers and concessions to pave the way for