Net Direct Tax Collection Rises 11% To Rs 3.80 Lakh Cr Till June 17
New Delhi- Net direct tax collection till June 17 this fiscal rose by 11.18 per cent to Rs 3.80 lakh crore on higher advance...
GST Collection Rises To All-Time High Of Rs 1.87 Lakh Crore In April
New Delhi- GST collection in April rose by 12 per cent annually to over Rs 1.87 lakh crore, touching an all-time monthly high, showed...
Govt Extends Deadline For Filing September GST Return Till Oct 21
New Delhi- The government has extended the deadline for filing GST returns for the month of September by a day to October 21, the...
I-T Act Review Attempt To Make It Simpler For Taxpayers: CBDT Chairman
New Delhi- The budget announcement about a comprehensive review of the Income Tax Act, 1961, is an attempt to make the "bulky" law "simpler"...
Chinese Whale Buys Fleet of Cars Worth £4 Million with Litecoin
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or...
GoM Fails To Reach Consensus On GST Rate Rationalisation
New Delhi- A panel of state ministers on GST rate rationalisation on Friday failed to reach a consensus as some members opposed changes to...
Taxpayers Should Check AIS Quarterly, Report Discrepancies: Finance Ministry
New Delhi- Taxpayers should check their annual information statement every quarter and flag any discrepancies to help curb instances of wrongful HRA deductions, a...
India Pays Cairn Rs 7,900 Cr To Settle Retro Tax Dispute
New Delhi- The Indian government has paid Cairn Energy Plc Rs 7,900 crore to refund taxes it had collected to enforce a retrospective tax...
Centre Releases ₹ 1.40 Lakh Crore Tax Devolution Sum To States
New Delhi- The government has released the 14th instalment of tax devolution of more than ₹ 1.40 lakh crore to states."The Union Government has released 14th instalment...
Govt Cuts Import Duty On Refined Soybean & Sunflower Oils To 12.5%
New Delhi- The government has reduced the import duty on refined soybean and sunflower oils to 12.5 per cent from 17.5 per cent with...