The Central Board of Direct Taxes (CBDT) has now come out with a draft form 6C inviting stakeholder comments by August 31 on the proposed columns for reporting inventories valuation certified by a cost accountant
CBDT has notified income tax return forms for the assessment year (AY) 2023-24 to help taxpayers prepare their income returns in advance.
Union Budget 2023-24, presented on Wednesday, pegged GST revenue at Rs 9.56 lakh crore for FY24, an increase from the revised estimates of Rs 8.54 lakh crore for FY23
The Central Board of Indirect Taxes and Customs or CBIC (formerly knows as Central Board of Excise and Customs) was set up in 1964
As reports of jumbo celebrity weddings lavished with super-expensive gifts flood the news media, it is time to find out whether these presents are a means for the rich to save tax and build wealth. Read on to find more.
Insurance should be purchased based on one's needs rather than to save taxes
The order came after SEBI conducted an examination in respect of the process followed by SSOL for approval and disclosure of related party transactions with ARR Capital Investment Pvt Ltd
Should you want to switch from the old tax regime to the new, then here’s how you should go about it. Also remember to keep a few things in mind while switching to the new tax regime
Receipt of portion of sale consideration is not treated as transfer of asset. Both husband and wife can get tax benefits on joint home loan. Legal heir has to...
The sale of property involves tax implications and the profits so earned are taxed as either long- or short-term capital gains depending on the period of...
In an interview to PTI, he said the growth in tax revenues will continue to be higher than the GDP growth, helped by formalisation of the economy and better...
In October 2021, Kotak Mahindra became the first in-line of scheduled private sector banks to get approved as a collection partner for taxes
Around 98 per cent of Delhi's total population resides in MCD areas. The civic body's salaries, pension dues and other financial liabilities amount to Rs...
A lot of people are investing in gold, thanks to the global instability and uncertainty. But they should also keep themselves updated on how each of these...
The company, which is now known as Capricorn Energy PLC, in a statement, said it has received "net proceeds of $1.06 billion", of which nearly 70 per cent will...
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Dutta requested the Ministry of Finance to reduce central excise taxes on fuel from 11 to 5 per cent and eliminate custom duties on aircraft repair parts.
CBDT has issued IT refunds of over Rs. 1,19,093 crore to more than 1.02 crore taxpayers from April 1,2021 to November 15,2021. This includes 67.99 lakh refunds...
Two influential Democrats are planning to levy a tax on countries that do not follow the rules for limiting climate change.
Mamata Banerjee also urged Modi to strengthen health infrastructure and augment supplies of equipment, medicines and oxygen for the treatment of...
Central Board of Direct Taxes (CBDT) Chairman P C Mody on Friday said the income tax department has exceeded the revised estimates despite issuing substantial...
Basic economics shows that indirect taxation distorts the economy and how direct taxation is discriminatory in nature, as many are outside the purview of...
Revenue collection in October shows a 22% jump compared to the previous year; it had fallen drastically between March-April due to the lockdown.
In the meeting, the GST target was set at Rs 1.10 lakh crore every month between December 2019 and March 2020.
More than Rs 7 lakh crore worth of wealth was added as market capitalisation on the Bombay Stock Exchange, welcoming the finance minister’s announcement to...
Were Cafe Coffee Day czar Siddhartha's problems insurmountable? The answer is elusive till a complete picture of his financial situation is revealed
