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.
The Institute of Chartered Accountants of India (ICAI) has announced that Self-Paced Online Module Tests (SPMT) will not be conducted from April 11 to April 20, 2026 due to portal maintenance and software upgrades. Slot booking will resume from April 21.
Government renames Personal Income Tax as Non-Corporate Tax from FY 2025-26. NCT collections reached Rs 12.35 lakh crore in FY 2024-25, growing 18.23%, Finance Ministry informs Rajya Sabha.
SBI Life Insurance has received an income tax demand of Rs 537.75 crore for FY24 from the Income Tax Department. The insurer plans to file an appeal against the assessment order.
President Murmu asked IT officers to balance enforcement with facilitation while ensuring fairness, transparency and efficiency in tax administration.
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