Government averts massive data breach by fixing a security flaw in the Income Tax portal after researchers flagged an IDOR vulnerability exposing taxpayer data...
SC verdict clarifies that goods used in executing printing contracts, including ink and chemicals, fall within the scope of taxable transfers under the U.P. Trade Tax Act, 1948.
CBDT clarifies how much gold jewellery you can legally own without risking seizure during income tax searches. Learn safe limits for men, married and unmarried women in Pune, documentation rules for excess holdings, and tax implications when selling gold.
The World Bank has revised India's GDP forecast for FY26 to 6.5%, citing strong domestic demand, rural recovery, and GST 2.0 reforms. Q1 FY26 GDP grew 7.8%, making India the fastest-growing major economy. U.S. tariffs could pose a risk in FY27.
CBIC introduces system-based auto-approval for IFSC code registration under IEC to streamline Customs procedures, eliminate manual intervention, and ensure faster credit of export incentives enhancing ease of doing business and trade efficiency in India.
As GST marks its 8th anniversary, the GST Network (GSTN) releases "8 Years of GST: Years of Commitment," a detailed report showcasing India’s progress under the tax reform.
ICAI has invited empanelment of members to act as Observers for the Chartered Accountants Examinations, January 2026. Eligible members can apply online from October 8 to November 7, 2025, and will receive an honorarium of Rs 3750 per day.
While GST rate cuts boost auto sales, only a fraction of consumers benefit in packaged foods and medicines. LocalCircles urges govt action to ensure full pass-through.
Private insurers cut agent payouts by 15–18% to offset GST ITC loss, while LIC and public insurers maintain commissions. Agents seek intervention from IRDAI and Finance Ministry.
India is on track to meet its FY26 fiscal deficit target of 4.4% of GDP, but slowing income tax and GST revenues raise concerns. Analysts flag risks amid government borrowing plans and expenditure trends.
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