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CBDT signs Two Unilateral APAs with Indian Taxpayers, Strengthening the Govt’s Commitment to Foster a Non-Adversarial Tax Regime

Taxscan Team

The total number of APAs entered into by the CBDT has reached 154, which includes 11 bilateral APAs and 143 unilateral APAs. The Central Board of...

CBDT issues Rs 1.42 Lakh-Crore of Refunds up to February 10, 41.5% Higher than last year

CBDT asks the Taxpayers to furnish a Statement for Transaction exceeding 2 Lakh rupees

Income Tax dept. to organize Workshops/Seminars to update Taxpayers about E-Initiatives

CBDT issues instructions on IDS: Fair Market Value shall be adopted to determine the Cost of Capital...

Rs 12.5 Lakh Relief from Income Tax not Applicable to Businesses, Capital Gains? Know Here

The Union Budget 2025-26 had introduced a significant tax relief for salaried individuals under the new tax regime. Effective from the financial year 2025-26, individuals opting for the new regime...

ITR Filing: How to File Income Tax Returns (ITR) Step by Step for Beginners

In addition to being required by law, filing your income tax return (ITR) has several important financial advantages. You must lawfully file an ITR if your gross total income (before deductions) is...

GST Collection Hits Rs. 2.01 Lakh Crore in May 2025, Marks 16.4% Year-on-Year Growth

The Goods and Services Tax (GST) collections for May 2025 have reached a strong Rs. 2.01 lakh crore, showing a growth of 16.4% compared to May 2024. This is a clear sign that economic activity in the...