The GST department, Maharashtra has introduced an amnesty scheme to ensure that people who come ahead to settle their disputes will get a waiver in the range of 1 percent to 50 percent in their

Direct tax collections continue to grow at a robust pace, a clear indicator of the revival of economic activity post pandemic, as also the result of the stable policies of the Government, focusing on simplification

Festivals are the face and essential part of our culture. Diwali is an occasion where a great deal of gifting happens. Some companies even give bonuses to their employees. While enjoying these gifts, its time

In order to prevent tax evasion, the Municipal Corporation of Delhi will be using drones to inspect properties in industrial areas from the air for tax assessment. It's a sensible move to implement technology in

The Income Tax Appellate Tribunal ( ITAT ) recently held that section 54 of the Income Tax Act 1961 are benevolent provisions therefore, requires liberal interpretation and the assessee is entitled to get the benefit

The income tax department has stated that the provisional figures of Direct Tax collections up to 10th January, 2023 continue to register steady growth. Direct Tax collections up to 10th January, 2023 show that gross collections are

Flooded with the inquiries from taxpayers and professionals facing difficulties with income tax filing, the income tax department has responded via twitter that the income tax portal is working fine and advised the stakeholders to

New Financial Year, New Tax Planning Strategies The commencement of a new financial year often brings with it the need for individuals to revisit their tax planning strategies. With the onset of Financial Year 2024-25

Income Tax Appellate Tribunal (ITAT) recently allowed non -resident Indian (NRI) vto rectify Income Tax Return after seven years as tax benefit was not claimed by mistake. P.R.Mohanty who had appeared for the assessee and

The Central Board of Direct Taxes (CBDT), vide notification S.O. 2992(E), published on 7th July 2023, has notified the amendment of the Jurisdiction of the Income Tax Authority in Bengaluru. The Central Board of Direct

INCOME TAX IN INDIA The mandatory and obligatory contribution made by individuals or corporations to the country under the tax laws and directorates is, to the Government of India, called taxes. From state, municipal to

Governments across the world are striving to formulate measures to mitigate the economic impact of the pandemic in the best possible ways. With reference to the Azerbaijan Cabinet of Ministers, Trend reported the decision that

The Central Board of Direct Taxes (CBDT) vide notification no. G.S.R.702(E) issued on 29th September 2023 has notified Income-tax (Twenty-Third Amendment) Rules, 2023. The board has inserted new Rule 21AHA to Exercise Option under Section

The provisional figures of Direct Tax collections up to February, 2018 show that net collections are at Rs.7.44 lakh crore which is 19.5% higher than the net collections for the corresponding period of last year. The net Direct Tax

Indirect Tax Collections up to October, 2016 register an increase of 26.7% over the net collections for the corresponding period last year; Net Indirect Collections stood at Rs.4.85 lakh crore; 62.4% of the Budget Estimates