The total number of ITRs for AY 2024-25 filed till 31st July, 2024 is more than 7.28 crore, which is 7.5% more than the total ITRs for AY 2023-24 (6.77 crore) filed till 31st July, 2023.
In response to a recent report, the Finance Ministry has categorically denied any plans to increase the short-term capital gains (STCG) tax.
Gross and Net GST Revenue Collections for the month of July 2024
A Detailed manual for filing of GSTR-1A and related FAQs has been released on the GST Portal
Infosys Limited, the global IT consulting firm, has addressed recent allegations regarding the non-payment of Goods and Service Tax (GST) related to expenses incurred by its overseas branches
Vodafone Idea has been hit with a significant penalty order from the Commercial Tax Office in Chennai South, Tamil Nadu.
The income-tax department has begun scrutinizing cases for the assessment year (AY) 2018-19 to identify those that need to be reopened, potentially resulting in a wave of tax notices.
The NDA government has reported a significant increase in revenue from long-term capital gains (LTCG) tax on listed equities, with collections reaching Rs 98,681 crore for the fiscal year 2022-23.
In the wake of widespread criticism of Budget 2024, Nitin Gadkari has penned a letter to FM Nirmala Sitharaman, advocating for the withdrawal of Goods and Services Tax (GST) on life and medical insurance premiums.
In the Union Budget 2024, Finance Minister Nirmala Sitharaman announced a significant change in the taxation of rental income from residential properties. To curb tax evasion, it has been mandated that such income can only be declared under the 'Inco
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