Demonetisation Behind The Buoyancy In Tax Collections, Says RBI MPC member
NEW DELHI- RBI Monetary Policy Committee (MPC) member Ashima Goyal has attributed the rise in tax collections to demonetisation and said that it will...
Corporate Tax To GDP Ratio Exceeds 3% After Two Years In FY’22
New Delhi- Corporate tax collections exceeded 3 per cent of the GDP after a gap of two years in 2021-22, reflecting overall improvement in...
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...
Govt Gives Time Till May 31 For Goods Transport Agencies To Opt For GST...
New Delhi- The Government has extended the deadline to May 31 for Goods Transport Agencies to exercise the option of paying GST on forward...
GST Compensation Cess Levy Extended Till March 2026
New Delhi- The government has extended the time for levy of GST compensation cess by nearly 4 years till March 31, 2026.
As per the...
Finance Ministry Extends ITR Filing Deadline For Companies Till November 7
NEW DELHI- The Finance Ministry on Wednesday extended the deadline for filing income tax returns for the assessment year 2022-23 by businesses till November 7.
The last...
PHDCCI Suggests 2-Yr Tax Holiday For Covid-Hit Businesses
New Delhi- Industry body PHDCCI on Tuesday suggested a two-year tax holiday for businesses like hotels and cinema theatres, which were hit hard by...
I-T Deptt To Come Out With Modified Valuation Norms For ‘Taxing’ Foreign Investments In...
New Delhi- The Income Tax Department is likely to come out with modified valuation rules under the I-T Act for ascertaining the fair market...
J&K Achieves Highest Growth Rate In GST Collections: Govt
Srinagar- Jammu and Kashmir figures among the top four states/ Union Territories in the country in Gross Domestic State Product growth and achieved one...
Host Of Changes In GST Law To Come Into Effect From Jan 1
NEW DELHI- The GST regime will see a host of tax rate and procedural changes coming into effect from January 1, including liability on...