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TAX DISPUTES REDUCTION
Govt cuts ₹16,688 crore in tax disputes after appeal threshold hikeThe government withdrew thousands of tax appeals after raising litigation limits. This action reduced disputed tax demand by over sixteen t...
Disputed tax demand down Rs 16,690 cr since hike in monetary limit for filing appeals, LS toldHigher monetary limits for tax appeals have reduced disputed tax demand by about ₹16,690 crore, with over 23,000 departmental cases withdra...
Don't let selling your house trigger a tax notice: Check these rules under Sections 54 and 54FMany taxpayers who purchase or construct a residential house to claim exemption under Sections 54 or 54F are unaware that selling the house...
Rs 17.41 lakh penalty for ITR filing mistake: CA firm's owner's affidavit helps taxpayer get relief in ITAT Mumbai; know howRs 17.41 lakh penalty imposed due to error in ITR filed by junior staff in CA firm; Here's how affidavit from the CA firm's owner helps tax...
Privatise all CPSEs; bring oil, gas, alcohol under GST: US think tank wishlist for IndiaA US think tank proposed thirty reforms to boost India's economic growth. These suggestions include a ten-year plan for privatizing all CPS...
FTAs alone won’t make India a manufacturing power: GTRI’s Ajay SrivastavaTariff concessions alone will not secure India’s long-term economic success; strengthening manufacturing competitiveness is the key, says A...
As GST turns 10, focus shifts to AI-led compliance, faster refunds, simpler tax processesIndia's Goods and Services Tax, now in its tenth year, is evolving towards greater efficiency. The government is leveraging AI, data sharin...
SBI Research sees Bengal budget tone most optimistic in 17 yearsWest Bengal's new budget signals a significant policy shift, moving from welfare to investment and industrial growth, according to SBI Rese...
India-UK FTA sparks partnership rush among boutique law firmsIndian law firms are actively seeking UK partnerships ahead of a free trade agreement, anticipating a surge in cross-border legal work. Thi...
'We did it': Modi, Starmer caught on mic hinting at breakthrough in UK-India trade dealPrime Minister Narendra Modi and UK Prime Minister Keir Starmer were overheard at the G7 summit appearing to confirm a breakthrough in impl...
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
How to manage the rupee while protecting growthFirst, on the rupee, one of the most effective ways to stabilise the currency is to improve the flow of foreign exchange into the country. ...
PhysicsWallah gets tax relief as I-T dept cuts demand; contests residual ask of Rs 193 croreEdtech firm PhysicsWallah has seen its tax demand reduced from Rs 263.3 crore to Rs 192.7 crore following a rectification application. The ...
Amnesty Scheme for Customs, easier tax compliance on India Inc's Budget wishlistIndian industry bodies have submitted their wishlist for the upcoming budget, calling for an amnesty scheme for customs, tax cuts for indiv...
CBDT forms internal committee to comprehensively review Income-tax Act, invites suggestions on the tax e-filing portalThe Central Board of Direct Taxes has formed a committee to review the Income-tax Act, 1961. This follows the Union Budget 2024-25 announce...
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 ...
India to get a three-tiered GST regime in next few months?India is planning to cut GST slabs from four to three to simplify tax classifications, Sanjay Agarwal, Central Board of Indirect Taxes and ...
Authority of Advance Ruling disputes not within Vivad Se Vishwas ambitCBDT issued a set of 55 questions and answers on Thursday to clarify various aspects of the tax amnesty scheme, which allows taxpayers to s...
Budget 2016 proposals to create strong base for growth, says ICSIThe Union Budget is reformist and aims to create a strong base for economic growth and ensure fiscal discipline, ICSI President Mamta Binan...
Budget 2014: 10 big indirect tax changes that can transform industryThe industry expectations for indirect tax changes have been articulated by several chambers and industry segments alike.