The Chennai bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that the processes of converting green tea into black tea do not alter basic characteristics and set aside the Service

Income tax compliance is the process of meeting your legal obligations and responsibilities as a taxpayer in respect to income taxes. It entails declaring your income truthfully, figuring out the taxes due, and submitting your

In a move to levy one percent TDS on the virtual digital assets under section 194S of the Income Tax Act, 1961, the Central Board of Direct Taxes (CBDT) has issued guidelines applicable with effect

The Income Tax Department, in a recent tweet, warned the taxpayers of a fake account posing as customer care/helpline of the Income Tax Department. There was a tweet from the fake account with the Twitter

The Direct Tax collections up to August, 2017 in the current Financial Year 2017-18 continue to register a steady growth. Direct Tax collections, net of refunds, stands at Rs. 2.24 lakh crore which is 17.5% higher than

Indirect Taxes The figures for indirect tax collections (Central Excise, Service Tax and Customs) up to February 2017 show that net revenue collections are at Rs 7.72 lakh crore, which is 22.2% more than the net collections for

The provisional figures of Direct Tax collections up to September, 2017 show that net collections are at Rs. 3.86 lakh crore which is 15.8% higher than the net collections for the corresponding period of last year. Net Direct Tax

Japan’s ruling coalition published the 2020 tax reform proposal outline on 12 December 2019. It is expected to be implemented by March 2020. This report compiles and summarizes the key provisions relevant to both corporates

Fox Mandal & Associates has appointed Mr. Sandip Mukherjee as Director, International Tax Practice. Sandip would operate from the Pune office and lead the international tax practice of the firm in Southern & Western India.

The figures of Direct Tax collections for the Financial Year 2021-22, as on 15.06.2021 show that net collections are at Rs.1,85,871 crore compared to Rs. 92,762 crore over the corresponding period of the preceding year, representing

The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has quashed an income tax addition made by the department depending on a document declared as a ‘dumb document’ by the Customs, Excise and Service Tax Appellate

During January 2017, the Net Indirect Tax grew at the rate of 16.9% compared to corresponding month last year with growth rate in net collections for Customs, Central Excise and Service Tax at the rate

The provisional figures for Direct Tax collections up to June, 2017 show that net collections are at Rs. 1.42 lakh crore which is 14.8% higher than the net collections for the corresponding period of last year. Net direct tax

As of January 10, 2024, India's Direct Tax collections have depicted a robust and consistent growth trajectory, signifying a commendable performance in the country's fiscal domain. The provisional figures illustrate a noteworthy achievement as gross

Direct Taxes grow by 12.01% and Indirect Taxes grow by 25% over the corresponding period last year i.e. April-December 2015.  In a press conference held today, the Union Finance Minister Arun Jaitley said that, there