In the last five years, the undisclosed income admitted as a result of search-and-seizure operations remained below 2% of the…
In the first four months of this fiscal, the direct tax mop-up is up by only about 9.7%, although tax…
States have appealed to the 15th Finance Commission (FC) to recommend extending the time period for which they would be…
The deadline for filing the annual returns for FY18, the financial year in which the GST was launched (in July…
Although the GST system generates a lot of data to track evasion, the absence of a full-fledged return system means…
It may be noted that since the GST’s July 2017 launch, tax rates on as many as 380 items were…
India Budget 2019: Tax consultants that FE spoke to said the government’s move has come as a dampener for many…
Several factors have been behind the government raking in higher taxes from a stressed Corporate India.
CBIC member Sandeep Bhatnagar says the scheme provides taxpayers with relief of 60-70% of the amount under contention in certain…
Budget 2019-20: The Budget estimates a robust collection of `3 lakh crore from excise duty, thanks to the hike of…
Budget 2019: Exemptions provided to stressed firms would remove several pain points, explain experts
Budget 2019: The Budget said that any buyback of shares from a shareholder by a company listed on recognised stock…
In the place of a complex system that included multiple taxes at the Central, state and local levels, there is…
Central Board of Direct Taxes (CBDT) has directed zonal heads of the income tax department (ITD) to share information related…
As most cesses applied on indirect taxes collapsed into GST, receipts shrank to Rs 71k cr in FY18.
In the online system, a firm offsets taxes paid on input from the IGST to be paid on export and…
Budget 2019-20: The special waiver from Section 56 (2)(x) of the Income Tax Act — in force since Finance Act…
India Budget 2019: The SEZ Act was introduced in 2005 along with tax exemptions through Section 10AA of the Income…
Once real-time reporting of transactions to a central portal starts, it will be practically difficult for the businesses concerned to…
