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Tax, tax policy, tax review, personal tax, corporate tax, Indian economy, budget news, budget 2023, tax relief

There is headroom for tax relief to individuals. Changes to the basic exemption limit will be welcome, given these have…

Updated: January 26, 2023 07:53 IST

If ChatGPT were your Finance Minister for Budget 2023, would you get tax cuts?

Ahead of Union Budget 2023, ChatGPT dons the hat of India’s finance minister to tell whether it would cut taxes…

January 25, 2023 15:13 IST

Budget 2023, Union Budget, Budget expectation, telecom

What telecom industry expects from Budget 2023: Tax benefits, centralised registration process, and more

The Telecom industry is seeking government support for the expansion of infrastructure, such as the rollout of 5G networks and…

Updated: January 23, 2023 15:15 IST

Budget 2023, union Budget 2023, Budget 2023-24, union budget, Budget 2023 presentation, Budget 2023 update, Budget 2023 details, Nirmala Sitharaman

Budget 2023: Important terms you should know before the Union Budget presentation

Union Budget: As much as the country is waiting in anticipation of the budget, there are many of us who…

Updated: January 21, 2023 13:52 IST

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For faster tax-dispute resolution

Dedicated tax benches can provide consistency to tax jurisprudence if they have judges with deep understanding of tax law principles

Updated: January 21, 2023 10:23 IST

Budget 2023| Sustaining 19.5% growth in direct tax mop-up in FY24 may be difficult: Source

Net direct taxes, which are made up of personal income tax and the tax levied on corporate earnings, have seen…

Updated: January 20, 2023 13:50 IST

Government cuts windfall tax on crude, export taxes on fuels; check duty cuts on ATF, diesel

Windfall gains tax on crude has been cut to Rs 1,900 per tonne from Rs 2,100 per tonne earlier. The…

January 17, 2023 07:01 IST

Property tax collection: Civic bodies ramp up tech adoption

Municipal corporations across the country are adopting technology to improve the efficiency of collection.

January 15, 2023 05:00 IST

Budget, PAN, Tax, Tax collection, Economy, GST, Banks, Economy

Common man’s Budget wishlist: PAN at birth, new impost on junk food

Of course, taxation of goods and services is now largely the function of the Goods and Services Tax Council, with…

December 29, 2022 04:45 IST

GST, Tax, Banks, Central GST, Taxpayers, Economy

No full GST recovery from firms under insolvency: CBIC

Commissioner will intimate reduced tax demand to NCLT.

December 29, 2022 02:00 IST

tax collection, windfall tax, crude oil tax

Windfall gains taxes may fetch Rs 30,000 cr this fiscal

While the finance ministry had not given an official estimate of the revenue to be raised from the taxes, it…

December 26, 2022 05:45 IST

Income Tax relief for salaried employees: Section 80C to HRA rules change expected from Budget 2023

Salaried employees’ expectations from Budget 2023: Will there be a big bang change in Budget 2023 for salaried class? Here’s…

Updated: December 19, 2022 18:50 IST

tax collection, adavance tax collection, gst,

Advance taxes pick up pace in Q3, up 13% on year

The advance tax collections include corporation tax of Rs 3.97 trillion and personal income tax of Rs 1.23 trillion.

December 19, 2022 06:30 IST

income tax returns, ITR, ITR filing, income tax,

Your Money: Tax moves to make before end of 2022

December 31 is the last day to voluntarily file income tax returns for the previous years

December 19, 2022 00:45 IST

tax collection, gross tax collection, tax collection 2022-23,

Gross direct tax mop-up grows 26 pc to Rs 13.63 lakh cr; net collections near 80 pc of Budget target for FY23

Refunds worth about Rs 2.28 lakh crore have been issued till December 17, 2022, a growth of 68 per cent…

December 18, 2022 18:38 IST

Reliance Industries shares rise 1.5%, ONGC gains 2% intraday as govt cuts windfall tax on crude oil

Reliance Industries and ONGC share prices jump as the government cuts windfall tax.

Updated: December 16, 2022 10:40 IST

tax refunds, income tax deptt, taxpayers,

No withholding of tax refunds up to Rs 50,000 during scrutiny

The revised instructions have made it clear that the time limit for submission of response from Jurisdictional Assessing Officer (JAO)…

December 12, 2022 04:15 IST

Cross-border tax, cbdt, Cross-border tax faceless assessment scheme

Cross-border tax cases outside faceless assessment scheme: CBDT

Ever since the government the faceless assessment regime started, it excluded scrutiny cases falling under the International Tax and Central…

December 10, 2022 01:45 IST

tax, tax on agri income, agricultural income, tarun bajaj,

Former Revenue Secretary Tarun Bajaj pitches for tax on agri income

People have also filed about 500,000 updated returns, Bajaj, who superannuated last month, said.

December 9, 2022 01:15 IST

Tax Talk – TDS on perks: Further clarity needed despite CBDT circular

Several practical challenges in applying Section 194R remain

December 9, 2022 00:45 IST

Key tax remission scheme expanded but no extra outlay

Amid a slowdown in exports, the commerce ministry has acceded to a long-pending request from industry to widen the scope…

Updated: December 8, 2022 07:28 IST

FPIs expect tax clarity on REITs, InvITs

There is nothing to suggest that the amendment to the SCRA was made with the intention of denying the above…

December 5, 2022 06:30 IST

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