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SALES TAX DEFAULTERS
Inside Oyo’s FY26 profit; Gaming founders seek GST reprieveOyo parent Prism, which filed its updated IPO papers, reported a strong profit in the April-December period, courtesy of an unlikely source...- Kolkata woman made Rs 26 crore profit in stocks and paid zero tax: Here's how she did it legallyA Kolkata businesswoman, Saroj Goenka, legally saved ₹26 crore in taxes by reinvesting long-term capital gains from share sales into constr...
- ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...
- NFO Alert: Zerodha Fund House launches 2 target-date Life Cycle fundsZerodha Fund House has launched India’s first target-date Life Cycle Fund series, offering two schemes: 2036 and 2041 maturities. The NFO i...
- GST@9: Building a more seamless, certainty-driven input tax credit frameworkA more balanced and predictable approach can help safeguard revenue, reduce disputes, enhance taxpayer confidence, and create a more effici...
- The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...
- Lenskart, Ola’s Q4 scorecards; Visa maze for laid-off techiesLenskart has posted a sharp jump in its March-quarter revenue even as profit dipped marginally. This and more in today’s ETtech Top 5.
- RSU vs ESOP: Which is better for you as employee? Pros and cons explainedFrom vesting-day perquisite taxes to a 40% US estate levy that most Indian professionals never see coming, your employer’s stock is not the...
- Dubai home prices record first decline after post-pandemic boomDubai's red-hot housing market is cooling for the first time since 2020, with prices and sales volume dropping in March. Regional conflict ...
- Employee fined Rs 10 lakh over lack of ESOP disclosure in ITR; here's why ITAT Chennai cancelled itAn Indian employee faced a Rs 10 lakh penalty for not disclosing foreign ESOPs in his Income Tax Return. The Income Tax Appellate Tribunal,...
- From Rs 6.8 lakh to Rs 4.5 lakh: Redditor explains how to save Rs 2.3 lakh in income tax in a year legallyA Redditor demonstrated significant income tax savings under the new regime by strategically restructuring their salary with components lik...
- GAAR shadow over payments abroad worries India IncIndia Inc seeks clarity on General Anti-Avoidance Rules (GAAR) for payments to foreign entities after a Supreme Court ruling. The govt offe...
- Proposal on TDS relief on property sold for recoveries under reviewSection 194-IA of the Income Tax Act mandates that TDS, at the rate of 1%, be deducted from the consideration for the transfer of an immova...
- Assets stripped, defaulters will have to also pay tax on their sale by lendersAs banks rush to sell properties, shares, paintings and other assets once owned by big defaulters, such as Vijay Mallya or Nirav Modi, the ...
- I-T department to share details of assets, accounts of loan defaulters with banks: CBDTCentral Board of Direct Taxes, that frames policy for the I-T department, has issued an order in this context to all its field offices on W...
- GST panel: Blacklist defaulting dealersUnder the proposed GST regime, for goods and services supplied within a state, both the centre (CGST) and state will concurrently impose GS...
- 15,139 tax defaulters owe Rs 1,147 crore to J-K govtMinister for Finance Abdul Rahim Rather said the total number of sales tax defaulters in Jammu and Kashmir is 15,139 against whom Rs 1,147....
- Lenders may tighten stand on defaultersBanks will soon be in a better position to recover their dues from defaulters.
- Sales Tax Dept cracks down on defaultersIn a major initiative against defaulting dealers, the Sales Tax Department in Maharashtra has launched a drive to prosecute the estimated 1...
- FM to outsource jobs to speed up tax dues recoveryIn a bid to hasten the recovery of taxes dues, the Finance Ministry has decided to outsource some of the jobs like valuation and auction of...
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