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Centre Extends Cotton Import Duty Exemption by Three Months: Changes Come A Day After Trump’s 50% Tariffs on India [Read Notification]

Avinash Kurungot

The central government on Thursday announced the extension of the duty-free exemption period for the import of cotton. The extension has been...

Govt green flags Scrapping of 12% and 28% GST Slabs

Refund of Excess GST Deposit During Inspection: Chhattisgarh HC Directs Adjustment During Final...

Due Date Extension on the Due Date by Finance Ministry: Relief or Token Gesture?

Finance Ministry Revises Customs Tariff Values for Palm Oil, Soybean Oil, Gold, Silver, and Areca...

Filing ITRs? 5 Common Income Tax Portal issues This Assessment Year

The Income Tax e‑filing portal for Assessment Year 2025‑26 was made available in early July 2025, with the deadline extended to September 15, 2025 to accommodate revised ITR utilities. The portal’s...

Finance Ministry Extends National Pension System Tax Benefits to Unified Pension Scheme for Central Government Employees

The Department of Financial Services, Ministry of Finance, has officially notified the introduction of the Unified Pension Scheme (UPS) as an option under the National Pension System (NPS) for...

Planning a Gold Loan? Here’s How RBI’s Draft Guidelines May Impact You

If you’re thinking about taking a loan against your gold jewellery, it’s important to pay attention to the Reserve Bank of India’s (RBI) recently issued Draft Guidelines on Lending Against Gold...

RBI gold loan - Gold loan rules - RBI gold policy - Taxscan

Income Tax Bill 2025: CBDT Launches India-wide Training Regime for Revenue Workforce

As the Income Tax Bill 2025 moves closer to becoming law, the Central Board of Direct Taxes (CBDT) has initiated a full-scale national training program to prepare revenue officials for the overhaul...

Dollar Out? Rupee In? RBI to Promote Rupee as an International Currency for Foreign Loans and Trade

The Reserve Bank of India is making strides towards establishing a solid footing for itself in the global trade arena, the latest move being a push to allow rupee-denominated lending to facilitate...

Dollar - Rupee - RBI to Promote Rupee - International Currency - Foreign Loans and Trade - TAXSCAN

Finance Ministry notifies Import Duty Relief for Select Rice Imports from May 1, 2025

The Ministry of Finance has notified a reduction in import duties for select rice varieties, effective from May 1, 2025. Through Notification No. 28/2025-Customs, issued on April 30, 2025, under...

UPI Remains GST-Free! Govt. clears the Air on Rumours indicating Tax Levy on Transactions Above ₹2000

Great news for digital payment users! The Finance Ministry has officially dismissed swirling rumors about imposing GST on UPI transactions above ₹2000 as "completely false and misleading." In a late...