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DEPARTMENT OF REVENUE SHALL
Starlink, OneWeb among satcom firms facing tighter security checks under new draft rulesNew draft rules from the Department of Telecom mandate security clearance for satellite communication companies even after spectrum assignm...- Income Tax Department issues ITR scrutiny guidelines: These ITR filers may face compulsory scrutiny in FY 26-27The CBDT has released new guidelines for compulsory income tax return scrutiny in FY 2026-27, impacting returns filed in FY 2025-26. Specif...
- Jammu and Kashmir govt imposes spending curbs, restricts official eventsJammu and Kashmir government has implemented stringent expenditure-control measures to ensure fiscal discipline. Restrictions are now in pl...
- 'Shocking order' passed by court shakes people's faith in judiciary: SCThe Supreme Court has strongly criticized a Gujarat High Court order. The High Court had directed the in-charge chairman of the Gujarat Rev...
- Assam govt aims 20% cut in fuel cost, 10% down in revenue expense as part of austerity measuresAssam government has announced austerity measures to boost fiscal prudence. Fuel expenditure will be cut by 20 per cent. Minister and offic...
- Assam austerity drive: Inter-district movement of CAPF/Assam Police to be restrictedAssam government is implementing austerity measures to combat the global energy crisis. New vehicle purchases have been banned for six mont...
- West Bengal orders crackdown on illegal mining to plug revenue leakagesIn a decisive move, West Bengal's Chief Minister Suvendu Adhikari has instructed all relevant departments to clamp down on the financial dr...
- Buying agricultural land near a city? Key income tax rules you must knowAn ITAT ruling clarified that stamp duty valuation doesn't define agricultural land status for income tax. The tribunal emphasized that off...
- DoT extends AGR dues reassessment timeline for Vodafone Idea till JuneVodafone Idea's Adjusted Gross Revenue dues reassessment is now expected by June. This follows an earlier March 31 target. The telecom depa...
- ‘High Courts not custodian of revenue’: SC stays Bombay HC order blocking Rs 256 crore refund to firmThe Supreme Court has overturned a Bombay High Court order that had stayed the refund of Rs 256.45 crore to a firm, asserting that High Cou...
- GSTN included in financial information providers list under Account Aggregator framework"Department of Revenue shall be the regulator of GSTN for this specific purpose and Goods and Services Tax (GST) Returns, viz. Form GSTR-1 ...
- Odisha govt starts process to accord revenue village status to 4,000 hamletsThe process started after Chief Minister Naveen Patnaik approved a proposal in this regard submitted by the Revenue and Disaster Management...
- New CBDT boss asks I-T dept to maximise revenue collection, get more taxpayersP C Mody, the new chairman of the Central Board of Direct Taxes (CBDT), has asked the taxman to work with greater transparency and accounta...
- I-T dept to seek restoration of some ‘struck Off’ companiesThe ministry of corporate affairs deregistered 2.24 lakh companies under section 248 (5) of the Companies Act for not complying with regula...
- Restraint on taxmen sharing information about assessees removed to track black moneyThe amendment to Section 138 dilutes the provisions that restricted sharing of tax information about assessee with other agencies or author...
- Need simpler tax regime for better convenience to biz: J&K govtThe minister ordered upgradation of hardware at check posts particularly at Lakhanpur in order to reduce clearance time for passing vehicle...
- Special Investigation Team to hold meeting on black money on June 4The government notified the SIT on May 27 after the Supreme Court had last week had granted it one week to constitute the high-profile team.
- Govt imposes anti-dumping duty on phosphoric acid from Israel, TaiwanThe duty will be levied on all grades and concentrations of the acid, except for use in agriculture and fertiliser, the Department of Reven...
- India extends anti-dumping duty on Chinese, Thai tyresIndia has extended the anti- dumping duty levied on imports of non-radial tyres from China and Thailand for another six months.
- Presence of seller and buyer must during registrationTo ensure that the applicant is not harassed, a five-day period has been fixed for delivery of documents from the time of acceptance of the...
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