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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…

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2 mins read

India's strong economic recovery is led by fiscal expenditure: DSP MF

India's tax collections have also demonstrated robust growth, with gross tax revenue showing a five…

ANI   


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3 mins read

Economic Survey 2023-24: Where does India stand on the employment, and what's next?

While the agriculture sector has grown at about 4.18% at constant prices over the last 5 years, Ind…

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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   


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1 min read

About 6 cr ITRs filed for FY24; 70% under new tax regime

Addressing the post-budget session of PHD Chamber of Commerce and Industry, Malhotra said there wer…

PTI   


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2 mins read

As India’s income inequality worsens beyond British-era levels, majority want to tax the rich, study reveals

A study by the World Inequality Lab has shown that Indian billionaires already own a disproportiona…

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2 mins read

Continue 45-day MSME payment rule: Industry body to Finance Minister Nirmala Sitharaman

According to Section 43B(h) of the Income Tax Act, introduced through the Finance Act 2023, if a la…

PTI   


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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   


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7 mins read

SEBI is on a mission to take on the wild, wild west of futures and options in India. Here’s why, what, and how of it

Indian equity futures and options trading has become exceedingly risky, with 91% of individual trad…

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7 mins read

SIMPLY PUT: SEBI is on a mission to take on the wild, wild west of futures and options in India. Here’s why, what, and how

It's no secret that futures and options see extreme risks, with most traders losing money regularly…

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2 mins read

Did you know about the only Indian state exempt from paying any income tax? Know all about it here

​​Sikkim has its income tax manual, which stipulates that no resident of Sikkim was to pay taxes to…

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1 min read

Two police personnel posing as Income Tax officers held for bid to extort Delhi businessman

Two police personnel, allegedly impersonating income tax officials, were arrested by the Delhi Poli…

ANI   


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3 mins read

Income Tax department issues warning to taxpayers, asks them to stay safe from ITR Refund scams

There has been an increase in scams targeting Indian taxpayers after the Income Tax Return filing d…

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2 mins read

Filing your ITR at the last minute? Don't make these mistakes

As per official data, about 6 crore ITRs have already been filed so far, and around 70% of them hav…

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3 mins read

Modi 3.0 1st Budget: Tax relief for middle class, Rs 2 lakh cr job scheme

With rural distress and unemployment being blamed for BJP losing its majority, Sitharaman in her se…

PTI   


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6 mins read

Union Budget 2024: A handy FAQ guide to decode the upcoming budget

​​​Weeks before the budget presentation, the finance minister also meets representatives from vario…

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2 mins read

Income Tax Department seizes record ₹1,100 crore cash and jewellery in Lok Sabha elections 2024

As per the sources, by the end of May 30th, the department had seized approximately Rs 1100 crore w…

ANI   


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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 …

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1 min read

After outrage, Govt clarifies: tax clearance certificate only for people with tax dues, high-value defaulters

As per section 230 of the Income-tax Act, 1961, every person is not required to obtain a tax cleara…

PTI   


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4 mins read

Budget 2024: Here's what India's elderlies want

If any amount you receive from NPS is reinvested in the annuity plan, it remains tax-exempt. Howeve…