CBDT and CBIC face significant staff shortages amid tax reforms
Amid preparations for new Income Tax legislation and other reforms in indirect tax administration, the Central Board of Direct Taxes […]
Recent Tax News
State finances steady in Q1: Fiscal deficit at 1.8% of GSDP as 24 states post Rs 1.5 lakh crore gap; capex surges 28% on strong tax receipts
The combined fiscal deficit of 24 Indian states, accounting for nearly 92% of the country’s GDP, stood at Rs 1.5
Bombay HC upholds tax on online ticket booking fee
The Bombay High Court on Thursday upheld the Maharashtra government’s right to levy entertainment tax on convenience fees charged during
Tax arrears worth Rs 54.53 lakh crore pending as on June 30 Govt
Total direct and indirect tax arrears stood at over Rs 54.53 lakh crore as of June 30, Parliament was informed
8th Pay Commission update: Govt hints at timeline for appointment of panel chairman, members
8th Pay Commission update: The Centre has finally hinted at when it will announce the appointment of the chairman and
Action to be taken against CAs if they violate new tax audit limit rules: ICAI president
The Institute of Chartered Accountants of India (ICAI) will initiate penal action against chartered accountants if they violate its new
Indian Economy Stays Resilient Despite Global Woes, FY26 Growth Likely At 6.2-6.5%: Finance Ministry
India’s economy continues to show signs of resilience despite global headwinds, supported by robust domestic demand, healthy monsoons, and fiscal
Bombay HC Allows Capital Gains Tax Exemption For Multiple Homes Under Pre-2015 Law
In a significant relief to individual taxpayers, the Bombay High Court has ruled that long-term capital gains tax exemption under
Tamil Nadu’s Own Tax revenue increases 14.5% in Q1, FY 2025-2026
Tamil Nadu’s own tax revenue increased about 14.5% to ₹43,070.45 crore in the first quarter of 2025-2026 from ₹37,605.43 crore
India will respond appropriately if UK levies carbon tax, says Piyush Goyal
India will respond appropriately if London levies Carbon Border Adjustment Tax (CBAM) on Indian exports, Piyush Goyal said on July