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6 mins read
A Deposit Dilemma — What's the fuss about a crisis in Indian bank deposits? Are mutual fund investments to blame?
The growth rate of bank deposits in India has been slowing, largely outpaced by credit growth. But …
2 mins read
CBDT forms committee for IT Act review; 'sunset' clauses to be eliminated
Central Board of Direct Taxes (CBDT) chairman Agrawal said the committee is looking at the best glo…
PTI
1 min read
Provisions of TDS/TCS, in case of death of deductee or collectee relaxed by govt
On April 23, 2024, CBDT extended the date for linking of PAN and Aadhaar May for the taxpayers (for…
ANI
2 mins read
Comprehensive review of the IT Act imminent in 6 months, notes revenue secretary
Malhotra explained the government's rationale behind this proviso, noting that buyback does not f…
2 mins read
New Vivad Se Vishwas 2.0 tax resolution scheme to start on Oct 1 — what you need to know
The government has set October 1, 2024, as the launch date for Vivad Se Vishwas 2.0 to address dire…
2 mins read
Sitharaman urges tax officials to prevent doubts from escalating into grievances
Union Finance Minister Nirmala Sitharaman on Friday urged officers of the Central Board of Indirect…
ANI
2 mins read
India's digital public infrastructure is transforming country's economic landscape, notes RBI
Built on principles of public good, open access, and regulatory fairness, India Stack has become a …
ANI
1 min read
Direct tax collections rise 18% so far in current financial year
The government's gross direct tax collections have risen by 16.77 per cent to touch Rs 17.18 lakh c…
3 mins read
Tax man introduces ITR 1 and ITR 4 forms – Here’s what it means
The Central Board of Direct Taxes (CBDT) has revealed the Income Tax Return (ITR) Forms 1 and 4 for…
2 mins read
Income Tax dept to hire 50 young law, accountancy grads for better litigation at ITATs
The Income Tax Department has decided to temporarily hire 50 young law and chartered accountancy gr…
PTI
2 mins read
Supreme Court dismisses plea seeking regulatory board to monitor, manage OTT platforms
The Supreme Court on Friday dismissed a PIL concerning the need for a regulatory board to monitor a…
ANI
3 mins read
The Fed's interest-rate cut put Trump even more at odds with the central bank
Donald Trump has argued that the Fed would only cut interest rates close to the election to help hi…
Ayelet Sheffey,Brent D. Griff…
1 min read
Central Board of Direct Taxes notifies cost inflation index for 2023-24
The cost inflation index (CII) for 2023-24 relevant to assessment year 2024-25 stood at 348, accord…
2 mins read
CBDT exempts startup investments from 21 nations including US, UK from angel tax
India’s finance ministry has announced that non-resident investors in unlisted Indian start-ups fro…
PTI
1 min read
CBDT notifies ITR forms for assessment year 2023-24
The Central Board of Direct Taxes (CBDT) has notified income-tax return forms (ITR forms) for the a…
4 mins read
Trump's plan to scrap taxes on tips and overtime could reshape how millions of Americans get paid
Tax proposals from Trump and Harris could incentivize businesses to twist the definition of a tip a…
Ayelet Sheffey
2 mins read
BBC India survey indicated tax evasion on remittances, discrepancies in transfer pricing: Govt
The Income Tax Department gathered several evidences pertaining to the BBC India's operation which …
ANI
2 mins read
Income Tax dept selects 68,000 high-value transaction cases for e-verification
CBDT chief Gupta said that the I-T department had taken several progressive steps to encourage volu…
ANI
3 mins read
Swiggy is preparing for its IPO soon: A look at some recent changes in the company
Swiggy is expected to raise over USD 1 billion through its IPO, with plans to file its draft red he…
2 mins read
Two-thirds taxpayers likely to shift to new regime in 2023-24 itself: CBDT chief
The income tax rebate limit available for salaried and individual taxpayers under the new income ta…