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Sunday, May 5, 2024

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Income Tax

Robust collections to enable govt roll out tax reforms, raise exemption limit

Gross direct tax collections for 2022-23 (up to November 30) were up by 29.66 per cent at Rs 10,93,385 crore, over Rs 8,43,301 crore...

Finance Ministry to challenge ex-CJI Ramana’s verdict on Benami Property Act which helped Robert Vadra and cost govt thousands of crores

The Union Finance Ministry is readying a review petition to challenge erstwhile Chief Justice of Bharat N V Ramana's judgment against the Modi government's...

How compliance and tax continue to be a struggle for Bharatiya businesses

Until you actually run a business in Bharat, it's very hard to understand how much of an entrepreneur's time here goes in just making...

Long-drawn Cairn, Vodafone tax disputes may finally end with amended law

In a major development which may well help India enhance its ranking in terms of ease of doing business, the government has brought about...

I-T department to launch new e-filing Portal on June 7

The Income Tax Department will launch its new e-filing portal www.incometax.gov.in on June 7. The new e-filing portal is aimed at providing taxpayer convenience...

Hindu seers protest I-T notices, write to FM Sitharaman

The Akhil Bhartiya Sant Samiti is up in arms over the I-T notices served to saints and seers for money that they never received. The...

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