Raghav Chadha proposed optional joint filing of Income Tax Returns for married couples in Parliament, highlighting tax disparities between single-income and dual-income households.
GSTN issues advisory requiring taxpayers to confirm the "Tax Liability Breakup, As Applicable" tab before filing GSTR-3B from February 2026. Interim procedure explained.
Maharashtra GST Department allows taxpayers to pay Profession Tax using PAN after technical issues on the MahaGST portal. Registration and return filing temporarily disabled.
More than 50 lakh income tax returns were revised after the tax department flagged incorrect deduction claims under Section 80G, reducing refund claims by Rs 2,000 crore, CBDT chief said.
UP Police bust a GST evasion racket in Lucknow involving fake firms and bogus invoices worth Rs 1.77 crore. Two accused arrested for generating fake e-way bills and illegal input tax credit.
A parliamentary committee has flagged rising delays in income tax refunds, revealing that nearly 27 lakh cases exceeded the 90-day limit in FY 2025-26, while outstanding direct tax arrears reached Rs 47.42 lakh crore.
GSTN issues advisory on pre-deposit payment while filing appeals before the First Appellate Authority, clarifying that payments made through Form GST DRC-03 must be linked with the demand order using Form DRC-03A for proper adjustment.
Taxpayers are advised to ignore earlier incorrect emails on significant transactions under the Advance Tax e-Campaign and verify details on the Compliance Portal.
Government notifies Securities Contracts (Regulation) Amendment Rules 2026, revising minimum public shareholding and IPO offer requirements for companies based on post-issue capital.
The Ministry of Finance has reconstituted the Advisory Board under the Prevention of Illicit Traffic in Narcotic Drugs and Psychotropic Substances Act, 1988, appointing Justice Anup Jairam Bhambhani as Chairman.
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