On Wednesday, Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, chaired the first pre-budget consultation in preparation for the General Budget 2024-25.
Multiple officials have indicated that the Centre may raise the income threshold for tax exemption in the upcoming budget, expected to be presented in mid-July...
In a significant development in the ongoing GST fraud investigation, a local court has denied pre-arrest bail to businessman Ritesh Garg.
The government is reportedly considering significant reforms to the current income tax structure, specifically targeting lower income levels, to enhance consumption and stimulate economic activity.
The provisional figures of Direct Tax collections for the Financial Year 2024-25 (as on 17.06.2024) show that Net collections are at Rs. 4,62,664 crore, compared to Rs. 3,82,414 crore
In a significant crackdown on tax evasion, state GST officials have conducted raids at 18 resorts in the Gir Somanath and Dwarka districts, uncovering suspicious transactions worth Rs 16.29 crore.
In an effort to enhance data quality and accuracy in tax returns, the Income Tax Department has introduced ITR 3 validation rules for the Assessment Year 2024-25.
In a significant crackdown on financial fraud, CID Crime on Thursday uncovered a major GST bogus billing racket valued at Rs 1,000 crore.
The Commercial Taxes Department of Tamil Nadu has successfully recovered ₹1,523.95 crore under the Integrated Goods and Services Tax (IGST), thanks to the diligent work of its newly established Tax Research Unit.
CBIC urges public to discern the modus operandi of fraudsters, protect their information, verify antecedents of caller and report such acts by staying alert
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