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GSTAT extended relaxed scrutiny guidelines for filing appeals till December 31, 2026; Know how this helps taxpayersThe Goods and Services Tax Appellate Tribunal (GSTAT) has extended its relaxed scrutiny guidelines for filing appeals until December 31, 20...- Tax reforms to play vital role in attracting global capital to India: ExpertsIndia's economic ascent hinges on predictable and simplified tax reforms to attract global capital, according to a senior financial expert....
- US Senate approves $70 billion for Trump's immigration crackdownThe US Senate on Friday approved $70 billion in funding for Donald Trump's hardline immigration crackdown, handing the president a major vi...
- Good news for taxpayers! Faster tax refunds, quicker dispute resolution, TDS framework improvements and more planned by CBDT for 2026-27Taxpayers can anticipate significant improvements in the TDS system and faster resolution of tax disputes. The Central Board of Direct Taxe...
- CIC advises Income Tax Dept: Institutionalise taxpayer-friendly grievance redressalIn a recent statement, the Central Information Commission has called on the Income Tax Department to overhaul its system for taxpayers. It ...
- Nil deduction certificate for small taxpayers, announced in Budget 2026Finance Minister Nirmala Sitharaman unveiled a new scheme for small taxpayers. This initiative will allow them to get lower or nil tax dedu...
- Nirmala Sitharaman tables new Income Tax Bill in Lok SabhaThe new Income Tax Bill, introduced in Parliament by Nirmala Sitharaman, aims to simplify and modernise India's tax system without adding n...
- Frequent regulatory changes, full automation under GST making compliance difficult and expansive for taxpayersGST changes in Budget 2025: The Central Board of Indirect Taxes and Customs (CBIC) has introduced key mechanisms to automate compliance und...
- Makeover likely to give faceless I-T assessment a friendlier face"It is being reviewed to assess effectiveness," said an official, adding that there is a line of thinking that it should be made optional f...
- From audits to notices, untangling the GST regime for taxpayersEven in cases of streamlined audits, taxpayers are asked to furnish certain information which is already available with tax authorities suc...
- Government to revamp procedure for tax assessmentThe suggestion for jurisdiction-free, faceless assessment had first come from an internal task force of CBDT.
- High-income taxpayers to get priority treatment and extra facilitiesCentral Board of Direct Taxes has begun work on a plan based on the recognition that 80% of India’s direct tax is paid by 20,000 individual...
- Tax department must trust assessees: Arun JaitleyIn the last few months, procedures have been simplified and the "assessees have never seen such an easy and friendly approach of the taxati...
- Budget 2016: FM Arun Jaitley's tax dispute plan may fall short of taxpayer expectationsThere is an urgent need to revive archaic dispute resolution mechanism and bring-in robust and flexible approach for dealing with this prob...
- Income Tax department orders better monitoring of complaints by taxpayersThe new directive comes at a time when Finance Minister Arun Jaitley unveiled two taxpayer-friendly initiatives of the department yesterday.
- Budget 2014: India needs tax simplification for better governance & boosting economic growth, says Rana Kapoor, YES Bank CEOFiscal policy has a crucial role to play in promoting India's long-term economic development and security.
- Income Tax department website to get a face-lift, invites suggestionsPeople interested in sending their comments on the subject will have to fill-up their name, email-id and phone number mandatorily on the we...
- Time for the second wave of reformsThe next wave of investment policy reforms must focus on removing barriers to investment & providing effective promotion mechanisms.
- Simplicity in tax process will achieve greater complianceconsistency in tax laws will really prove to be a boon to individual taxpayers, who struggle especially in the wake of retrospective amendm...
- GST to carry advance tax ruling comfortTaxpayers will be able to ascertain their tax liability before entering into a transaction under the unified goods and service tax (GST) re...
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