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

In a recent statement, the Central Information Commission has called on the Income Tax Department to overhaul its system for taxpayers. It ...

Finance Minister Nirmala Sitharaman unveiled a new scheme for small taxpayers. This initiative will allow them to get lower or nil tax dedu...

The new Income Tax Bill, introduced in Parliament by Nirmala Sitharaman, aims to simplify and modernise India's tax system without adding n...

GST changes in Budget 2025: The Central Board of Indirect Taxes and Customs (CBIC) has introduced key mechanisms to automate compliance und...

"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...

Even in cases of streamlined audits, taxpayers are asked to furnish certain information which is already available with tax authorities suc...

The suggestion for jurisdiction-free, faceless assessment had first come from an internal task force of CBDT.

Central 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...

In the last few months, procedures have been simplified and the "assessees have never seen such an easy and friendly approach of the taxati...

There is an urgent need to revive archaic dispute resolution mechanism and bring-in robust and flexible approach for dealing with this prob...

The new directive comes at a time when Finance Minister Arun Jaitley unveiled two taxpayer-friendly initiatives of the department yesterday.

Fiscal policy has a crucial role to play in promoting India's long-term economic development and security.

People interested in sending their comments on the subject will have to fill-up their name, email-id and phone number mandatorily on the we...

The next wave of investment policy reforms must focus on removing barriers to investment & providing effective promotion mechanisms.

consistency in tax laws will really prove to be a boon to individual taxpayers, who struggle especially in the wake of retrospective amendm...

Taxpayers will be able to ascertain their tax liability before entering into a transaction under the unified goods and service tax (GST) re...