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Tax Department Grapples with Glitches in Advance Tax Campaign

 With respect to the income tax department's latest campaign urging taxpayers to pay advance tax in alignment with their financial transactions, a glitch in...

RBI Cancels NBFC Registration: Financial Sector Shakeup

In the latest development RBI cancels NBFC registration post-merger. L&T Finance, L&T Infra Credit, along with five other non-banking financial companies (NBFCs), have voluntarily...

India Implements CAA: Controversy Reignites Ahead of Elections

The much-discussed Citizenship Amendment Act (CAA) finally goes into effect, marking a crucial milestone. According to the latest notification from the Home Ministry, qualified...

Missed Deductions? Tamil Nadu Allows Updated Tax Returns for Past 2 Years

The Income Tax Department of Tamil Nadu and Puducherry recently announced a significant opportunity for taxpayers. They can now make amendments to their tax...

Bombay High Court Rules: Service Tax Not Applicable For Ocean Freights

The Bombay High Court has rendered a significant verdict concerning the payment of service tax not applicable for ocean freights or sea transportation services,...

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Maharashtra Budget: State Owed Rs.1.66 Lakh Crore in Tax and Non-Tax Revenue

The Maharashtra government is grappling with a record debt...

Nitin Gadkari: Frequent GST Cut Demands Are Unsustainable

Nitin Gadkari GST statement: He urges industry to refrain...

GST Rates May Drop Soon as Council Reviews Tax Structure

Union Finance Minister Nirmala Sitharaman said on Saturday that...

Foreign Assets Worth ₹29,000 Cr Declared After ITD Campaign

Over 30,000 taxpayers declared foreign assets worth more than...

8th Pay Commission Cleared: Major Salary & Pension Hikes Ahead

Union Cabinet Approves 8th Pay Commission: Major Salary Revisions...