Centre To Settle Almost All Retrospective Tax Cases This Month: Revenue Secy

New Delhi- The government will settle almost all the retrospective tax cases this month, closing a chapter that plagued India's reputation as an investment-friendly...

GST Mop-Up In Sept At Rs 1.47 Trn; Festival Season To Push Up Revenues

New Delhi- GST collections remained above Rs 1.40 lakh crore for the seventh month in a row at Rs 1.47 lakh crore in September, a 26...

Revised I-T Rules Offer Tax Relief To Employees With Rent-Free Accommodation

New Delhi- Employees drawing substantial salaries and having rent-free accommodation provided by their employers will now be able to save more and get a...

Ethereum Congestion Forces Exchanges to Halt Withdrawals

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or...

I-T deptt to refund excess interest, late fee paid while filing FY21 ITR

New Delhi: The Income Tax Department on Wednesday said it will refund the excess interest and late fee paid by taxpayers due to software...

GST E-Invoice To Be Mandatory For Firms With Turnover Of Rs 10 Crore From...

NEW DELHI- GST-registered businesses with annual turnover of Rs 10 crore or more will have to generate e-invoices for B2B transactions from October 1,...

Net Direct Tax Mop-Up Grows 17 Pc To Rs 5.84 Lakh Crore So Far...

New Delhi- Net direct tax collections swelled 17.33 per cent to Rs 5.84 lakh crore so far this fiscal, reaching 32 per cent of...

Centre To Soon Notify Rules For Setting Up GST Appellate Tribunals

New Delhi- The Centre will soon notify rules for setting up GST appellate tribunals and appoint members after approval from the GST Council, a...

I-T Dept Spends 57 Paise For Every Rs 100 Of Tax Collection: Official

Hyderabad- Income-tax collection cost that the I-T Department incurs in the country is one of the lowest in the world at Rs 0.57 for...

About 6 Cr ITRs Filed For FY24; 70% Under New Tax Regime

New Delhi- About 6 crore income tax returns have been filed for income earned in 2023-24, of which 70 per cent were filed under...