The 8th Pay Commission is consulting stakeholders before finalising its recommendations, while central government employees await clarity o...

An Allahabad High Court ruling states a wife's education or earning potential does not disqualify her from maintenance. The court considere...

Planning your retirement corpus is crucial. A Rs 2 crore fund may not last 20 years with high withdrawals. Experts suggest a bucket strateg...

Taxpayers can anticipate significant improvements in the TDS system and faster resolution of tax disputes. The Central Board of Direct Taxe...

The Delhi High Court has revived a massive license fee demand of over Rs 1000 crore against Bharat Hotels. The court also upheld the termin...

The introduction of Form 157 and Form 159 under the Income-Tax Rules, 2026 has sparked confusion over whether tax clearance is now mandator...

India faces a significant challenge with tax arrears. Total direct and indirect tax arrears reached over Rs 54.53 lakh crore by June 30. In...

Tax releif under section 89: If you've received arrears of salary pertaining to last year and this results in higher payment of tax in the ...

Significantly, more than Rs 10.94 lakh crore, or 98% of this arrears are difficult to recover, owing to different reasons.

Similarly, in respect of central excise, total arrears increased to Rs 96,496 crore in FY 2017-18 from Rs 84,200 crore in the previous year.

In a strong message to tax evaders, the govt said that it will step up efforts to bring more people into net and to recover tax arrears.

Over Rs 85k crore due from Pune-based stud farm owner Hassan Ali, his associate Chandrika Tapuriah & late Harshad Mehta.

Hassan Ali Khan, his associate Chandrika Tapuriah, and late Harshad Mehta account for 75% of total tax demands of Rs 1.16 L-cr pending agai...

According to reports, the Government has allocated an amount of approximately Rs. 29,000 crores for the purpose of paying 'arrears' to arou...

Over 80% of India’s cumulative tax arrears may never be recovered. With the global meltdown beginning to hurt India Inc and its profitabili...

Indian arms of Ericsson, Daewoo Motors, Samsung and Coca Cola India figure among dozens of MNCs that have outstanding tax liability totalli...

Govt's borrowings for next fiscal could have been reduced had it been able to recover tax arrears.