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VIVAAD SE VISHWAS TAX DISPUTE SCHEME
Can NRIs invest in National Savings Certificate (NSC) and avail tax benefits?The National Saving Certificate (NSC) is one of the popular small savings schemes among Indians investors with a low-risk appetite as the s...- Debt grows slower than GDP, CAG says; revenue lapses persistGovernment debt servicing remains positive, with loan accumulation below GDP expansion. However, irregularities worth ₹603 crore were found...
- Property dealer deposits Rs 54 lakh cash in bank, files no ITR, gets tax notice, does not respond, wins case in ITAT Delhi; Know whyProperty buyers gave Rs 54 lakh to property dealer who deposited it in his own bank a/c; dealer gets tax notice, he fights and wins case in...
- Income tax for senior citizens: No salary after retirement? These 7 incomes can still attract tax; know what is exemptRetirement is not synonymous with tax freedom. Your pensions, interest income, rental earnings, and capital gains may still incur taxes. It...
- SC to examine whether states can impose additional sales tax levyA Supreme Court bench will hear a key question on September 22. This concerns states' power to impose an additional sales tax levy. The Odi...
- India needs to step up public investment to attract private investments: Working paper by EAC-PMCorporate profits and investments in India have recovered after the pandemic. Investment recovery has been slower due to limited innovative...
- Delhi HC pauses judges’ ITR processing amid tax exemption rowThe Delhi High Court has halted the processing of judges' income tax returns. This action stems from a dispute over certain allowance exemp...
- India’s EV charger network crosses 67,600 as FAME-II supports 16.7 lakh vehiclesIndia has installed over 67,000 electric vehicle chargers nationwide. The FAME India Phase-II scheme supported 16.72 lakh electric vehicle ...
- Cauvery water dispute: SC to hear on August 17 pleas urging direction to Karnataka to release water to Tamil NaduThe Supreme Court will hear Tamil Nadu's plea on August 17. This hearing concerns Karnataka's compliance with Cauvery water release orders....
- Presumptive taxation for professionals: The 50% rule remains-but what changes for deductions and losses under the new tax Act?The 50% presumptive taxation rule for professionals largely continues under the new Income-tax Act. However, Section 58(4) introduces a wid...
- Man did not disclose UAE bank account and foreign shares in ITR, I-T dept imposed Rs 1.86 lakh penalty; He escalates the case but ITAT Delhi offers no reliefDubai connection: Man claimed friend sent money to Dubai Emirates NBD bank a/c to start business but didn't disclose foreign assets in Sche...
- Best tax saving mutual funds or ELSS to invest in August 2026Tax -saving mutual funds or Equity Linked Savings Schemes (ELSSs) helps you to save income tax under Section 80C of the IT Act. You can inv...
- Delhi State Cooperative Bank to venture into financing farmers, artisansInaugurating the programme, Nabin Kumar Roy, Chief General Manager, NABARD, highlighted the critical role of cooperative banks in financial...
- The Wealth Company launches GIFT City Fund to offer overseas investors India mutual fund exposureThe Wealth Company has launched an open-ended Category III AIF in GIFT City, offering eligible non-resident investors, including NRIs, a US...
- Sold land for Rs 7.24 crore, paid no tax, received income tax notice; Know how Google Earth photos and revenue records helped taxpayer to win this case in ITAT AhmedabadFamily member sold his 1/3rd share of agricultural land for Rs 7.24 crore, pays no tax, tax dept sent notice, he wins case in ITAT Ahmedaba...
- Volkswagen owners urge urgent action to cut costs, fend off China rivalsVolkswagen's controlling families are urging management to act now. They emphasize the company's historic crossroads and need for sustainab...
- Customer bought 'pure' silver but test found 80.95% purity: Consumer commision ordered Lalitha Jewellery to pay Rs 13,000 compensation; here's whyLalitha Jewellery has been ordered to refund an overcharge of Rs 104 and pay Rs 10,000 in compensation after a Warangal consumer commission...
- Currently nine trade disputes pending against India under WTO rules: GovtIndia is facing nine pending disputes at the WTO, Parliament was informed on Tuesday. The cases, filed by countries including Japan, China,...
- Govt cuts ₹16,688 crore in tax disputes after appeal threshold hikeThe government withdrew thousands of tax appeals after raising litigation limits. This action reduced disputed tax demand by over sixteen t...
- Disputed tax demand down Rs 16,690 cr since hike in monetary limit for filing appeals, LS toldHigher monetary limits for tax appeals have reduced disputed tax demand by about ₹16,690 crore, with over 23,000 departmental cases withdra...
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