Opt new tax regime if deduction, exemption claims less than Rs 3.75 lakh: Official
A taxpayer whose deductions and exemption claims are less than Rs 3.75 lakh annually would be advised to opt for […]
Income Tax, News
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Income Tax, News
Income Tax employee uses seniors’ login credentials to generate fake TDS Refunds amounting to Rs 263 crore
A mid-level income tax employee gained access to the computer systems of his superiors and managed to generate fake tax
Central Excise - 2023, News, Notification And Circular, Notification and Circular
India cuts windfall tax on crude oil to Rs 1,900 per tonne from Rs 2,100 per tonne
India Monday reduced windfall tax on crude oil to Rs 1900 per tonne from Rs 2100 per tonne. It has
Income Tax, News
Budget 2023: Long term capital gains tax likely to be rationalised
The government may look at rationalising long term capital gains (LTCG) tax structure in the forthcoming Union Budget for 2023-24.
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States can impose special road tax: Supreme Court
The Supreme Court (SC) on Friday held that a state government can impose lumpsum road tax on all public transport
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RBI Gov calls for an outright ban on cryptocurrency as Union Budget 2023 approaches
On Friday, the Governor of the Reserve Bank of India, Shaktikanta Das, expressed his opinion on the increasing demand for
Income Tax, News
Budget 2023: ‘New’ I-T regime may add some exemptions
With few takers for the exemption-free personal income tax regime, Union Budget 2023-24 is likely to review the tax structure
Income Tax, News
Budget 2023: ‘No new taxes for income till…’, FM on middle class issues
Ahead of the budget session in the Parliament, Union finance minister Nirmala Sitharaman on Sunday said she identifies herself as a middle
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Customs dept closely monitoring toy imports, newer modus operandi adopted to circumvent BIS norms: CBIC
The CBIC on Saturday said the customs department is closely monitoring import of toys and continuously tackling newer modus operandi
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Union Budget 2023: India’s private space sector seeks tax incentives, PLI scheme
To boost local manufacturing and spur research and development, country’s private space sector has presented a wishlist of tax incentives