Lok Sabha MP Karti Chidambaram’s Chartered Accountant is handed over to CBI for four day's custodial interrogation in connection with a Rs 50 lakh alleged bribery case for clearing visas of 263 Chinese nationals working

The Union Cabinet chaired by the Prime Minister Narendra Modi has passed a resolution expressing gratitude to Chief Ministers of States and others for their cooperation in introduction of GST. “GST is the biggest tax

The Government has clarified that State Bank of India (SBI) does not Share the Serial Number of Electoral Bonds with anybody, including the Government and Users The Government notified the scheme of Electoral Bonds on

Two NGOs – Association for Democratic Reforms and Common Cause, have approached the Apex Court challenging the provisions of Finance Acts 2016 and 2017 on the ground that these provisions paved to unlimited, unchecked funding

The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification S.O. No.29 (E) dated 02nd January 2018. As per provisions of the Scheme, Electoral Bonds may be purchased by a person, who

The 2017 Budget Session of Parliament gets underway today.  The President’s Address to the Parliament, Budget and detailed discussion on several issues will take place during the Session. In the recent past, there have been discussions

In a recent case the Delhi High Court rejected Indian National Congress’s Income Tax Appeal against four year reassessment 2017-2018, 2018-2019, 2019-2020 and 2020-2021. In line with its previous ruling, which dismissed the political party's

No change in Tax slabs; income from 2.5 LK to be charged at 5% instead of 10% 10% surcharge on persons having income of 50Lk-1Cr crores No scrutiny of Income Tax Return unless there is

Extoling virtues of the Universal Basic Income, Finance Minister Arun Jaitley today said at ASSOCHAM event at least one state is willing to take a plunge and launch a pilot on the scheme, proposed by

Ahead of the Lok Sabha elections, the Income Tax department has intercepted an attempt to channel Rs 200 crore of hawala money into Tamil Nadu, allegedly for a prominent political party. According to sources familiar

The Indian National Congress Party has approached the Delhi High Court for its urgent intervention against the Income Tax Department's move to initiate reassessment proceedings. The court, presided over by Acting Chief Justice Manmohan and

In a recent ruling, the Kolkata bench Income Tax Appellate Tribunal ( ITAT ) deleted the capital gain addition made by the Assessing Officer (AO) as the tribunal was convinced that the assessee as a

The Government of India, in the XXIX Phase of the sale, has granted authorization to the State Bank of India (SBI) for the issuance and redemption of Electoral Bonds through its 29 authorized branches. This

The Delhi High Court upheld the Income Tax Appellate Tribunal's ( ITAT ) decision today, confirming the recovery of outstanding income taxes demand exceeding Rs. 100 crores for the assessment year 2018-19. The court refused

The Kolkata bench of Income Tax Appellate Tribunal ( ITAT ) directed to delete additions made in respect of capital gain by adopting the value of property as per DVO report. The Assessee Arijit Chakraborty sold