Salaried employees beware! These 5 mistakes during ITR filing can trigger unexpected tax demandsWith the ITR filing season for AY 2026-27 now underway, many salaried taxpayers who faced TDS shocks in the last quarter of FY 2025-26 are ...
12 Jun, 2026, 07.11 AM IST
UK’s steel curbs emerge as an early hurdle for FTA with India ahead of roll-out. Is there a way out?The UK has extended safeguard measures on select steel imports; starting from July 1, 2026, it will reduce tariff-free quotas by 60% and im...
26 May, 2026, 11.33 AM IST
Profit on paper, loss in reality: How a routine accounting tool is used to deceive and take investors for a rideAmortisation is a number most investors skip, but it can shape reported profit. On the surface, it looks routine: A company spreads the cos...
15 May, 2026, 06.58 PM IST
Bengaluru property: My e-Khata My Hakku camps to open from May 16 at these locations; Convert B-Khata to A-Khata hereBengaluru property owners can now convert their B-Khata to A-Khata through government-organized camps starting May 16th. Under the 'Bhoo Gu...
15 May, 2026, 03.11 PM IST
New labour code: Can higher gratuity and social security costs under Social Security Code, 2020 be offset by employers by salary restructuring ?The recent notification of the Social Security (Central) Rules, 2026 under the Code on Social Security, 2020 marks a significant shift in I...
11 May, 2026, 12.27 PM IST
FPOs hold promise for smallholders, but face structural constraints: StudyFarmer producer organisations (FPOs) are key to integrating smallholders in India, but they are constrained by scale, market access, financ...
28 Apr, 2026, 02.48 PM IST
No PAN, no purchase allowed - not even with Form 97; PAN is now mandatory for these high value transactions under new tax rulesNew Income Tax Rules, 2026, effective April 1, 2026, mandate PAN for several high-value transactions. Form 97 replaces Form 60, but its use...
28 Apr, 2026, 02.21 PM IST
Australia announces $1000 instant tax deduction for millions of taxpayers under proposed law; How it works and what will be the maximum and average savings?Millions of Australians will soon benefit from a $1,000 instant tax deduction. This new legislation simplifies claiming work-related expens...
20 Apr, 2026, 12.11 PM IST
IRS to cut 7,000 jobs as Donald Trump administration pushes federal downsizingThe Internal Revenue Service (IRS) is set to lay off around 7,000 employees across the US as part of the Donald Trump administration’s effo...
21 Feb, 2025, 12.23 AM IST
I-T dept receives 6,500 suggestions on income tax act reviewThe income tax department received suggestions for the Income Tax Act review. Finance Minister Nirmala Sitharaman chaired a meeting on the ...
04 Nov, 2024, 10.39 PM IST
Tax dept invites public suggestions for I-T Act reviewThe Income Tax department has sought public opinions to simplify the six-decade-old Income-tax Act, focusing on clearer language, reducing ...
07 Oct, 2024, 05.02 PM IST
Steps to make new tax regime more attractive; clear and concise capital gains tax regime expected: Tapati Ghose, DeloitteThe new tax regime may see further widening of slabs and reduction of tax rates. A clear and concise capital gains tax regime is expected t...
23 Jan, 2024, 02.45 PM IST
View: Budget 2021 to simplify compliance with a digital pushOn the income tax front, Budget 2021 focused mainly on simplifying compliance; highlights being an increase in the tax audit limit for smal...
01 Feb, 2021, 07.15 PM IST
Making structural changes can give fillip to the MSMEs in the upcoming budgetIt is critical for the government to take some bold moves that helps in revival of the sector and boosts investor confidence.
30 Jan, 2021, 11.49 AM IST
CBIC gives time till Nov 30 for authorities to complete anti-profiteering related complianceUnder the Goods and Services Tax (GST) law a National Anti-Profiteering Authority (NAA) and a Standing Committee on anti-profiteering have ...
02 Sep, 2020, 07.36 PM IST
Narendra Modi to launch Transparent Taxation on Thursday to ease compliance, benefit taxpayersThe launch of the platform will further carry forward the journey of direct tax reforms, following the several measures that have been take...
13 Aug, 2020, 11.32 AM IST
TDS cut to make eCommerce attractive for merchantsThe 25% cut in tax deducted at source on ecommerce participants will make ecommerce more attractive for sellers and the cut in TDS on their...
15 May, 2020, 08.03 AM IST