In a bid to enhance efficiency, tax authorities are crafting standardized guidelines for GST registration applications. This effort targets...

The Supreme Court dismissed Reliance Communications lenders' challenge to the DoT's bank guarantee invocation. The court stated lenders sho...

Kanpur security guard Om Shukla, who earns Rs 10,000 a month, says he was wrongly issued a Rs 3 crore GST recovery notice over a firm calle...

Despite muted foreign flows and persistent geopolitical uncertainties keeping a lid on the broader market, corporate earnings have remained...

Earning income from futures and options trading or other side hustles? Cumbersome compliance, reconciliation and disclosures mean taxpayers...

NRIs can buy life insurance in India to protect financial obligations. Additional KYC and underwriting requirements apply for non-resident ...

The Micro, Small and Medium Enterprises Development (Amendment) Bill was passed by Parliament last week, nearly two decades after the MSMED...

Every rupee a company spends has to be accounted for somewhere. A cost may be charged as an expense and reduce current profit, or it may be...

New research suggests ride-hailing drivers could earn significantly more annually. This shift is driven by open digital networks and zero-c...

Sustained market demand led to impressive revenue growth in the automotive and consumer goods sectors. In contrast, while the banking secto...

GIFT City offers NRIs and OCIs a dollar-denominated investment ecosystem. This financial hub provides access to global and Indian investmen...

The Supreme Court affirmed Gujarat High Court's decision on CGST Act Section 16(2)(c). This ruling validates the provision requiring tax pa...

Rajasthan footwear artisan Jitendra Kumar Jingar, who earns Rs 10,000 to 15,000 a month making traditional leather shoes in Balotra distric...

India's banking sector requires reforms for sustained growth and improved credit access. Banks must grow significantly to meet microenterpr...

Presumptive taxation simplifies income computation for eligible taxpayers. However, a tax audit may be required if actual income falls belo...

Trade and NBFC credit are expected to remain among the fastest-growing segments of India's banking system, supported by rising formalisatio...

Companies may soon claim input tax credit on employee vehicles. Group health and life insurance policies for staff are also included. The G...