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TAXPAYER JURISDICTION SHIFT
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...
UAE based taxpayer earned Rs 4 crore income in India on which TDS was deducted but didn't file ITR, got tax notice; wins case in ITAT DelhiIn a recent development, a taxpayer residing in the UAE with an income of Rs 4 crore from India found themselves in a positive light as the...
Centre revamps GST annual returns, clarifies jurisdiction of GSTAT principal benchThe Centre has revamped GST compliance by notifying a detailed GSTR-9 for FY 2024-25 onwards, adding disclosures on ITC reversals, transiti...
IT Department to map digital behaviour of taxpayers to create profiles“If I give you a requisition for five things, you (taxpayer) respond to one, and take adjournment to respond to the other, that’s assessee ...
India first nation to adopt randomised faceless assessment: CBDT chairman PC ModyThe shift encompasses setting up several units or teams that will assess, review and verify tax demands or orders at the draft stage, befor...
Selling multiple flats to buy one? You can get tax benefits: ITATThis recent ITAT decision will benefit taxpayers in Mumbai and in the absence of any contrary jurisdictional order will strengthen the case...
One nation, one tax department: I-T takes cue from GSTThis will mean that a taxpayer in Mumbai could be assessed by an income tax officer located in Patna, a significant leap toward eradicating...
Check your new I-T assessment range before filing returnsThe CBDT has asked its officers to ensure that an online facility for taxpayers to check their new assessment ranges is uploaded in given t...
G20 must act on corporate tax dodgers: Australian PM Tony AbbottTony Abbott on Wednesday said leaders of the world's most powerful economies should use this weekend's G20 summit to close corporate tax lo...
OECD proposes rules to curb tax avoidance by MNCsThe recommendations will be presented to the G20 finance ministers meeting in Cairns, Australia, on September 20-21 for further action.
Filed income tax returns online? Track your refunds nowI-T dept expects speedy processing of tax refunds if individuals have filed their tax returns online, says ET who suggests various ways to ...
MNCs can now find out tax dues in advance on deals with India armsIndia has allowed MNCs to ascertain potential tax liability relating to transactions with Indian arms, to help address transfer pricing dis...
- CBDT unveils guidlines for advance pricing arrangements
The Central Board of Direct Taxes, the apex direct taxes body, has announced the guidelines for advance pricing arrangements (APAs), markin...
- Government to notify the rules for advance pricing arrangement soon
Move to help avoid frequent transfer pricing litigation with MNCs that has soured sentiments.
- Government to soon notify Advance Pricing Agreement to reduce transfer pricing disputes
Govt will soon implement the Advance Pricing Agreement mechanism which would allow companies seek guidance on pricing of goods and services...
- GAAR tax provisions signal maturity of jurisdiction: Dinesh Kanabar, KPMG
In an interview with ET Now, Dinesh Kanabar, KPMG speaks about the interpreatation of GAAR notifications which haven't yet been issued. Exc...
- Deal with tax havens
India’s move to consider sanctions against countries that refuse to share information on suspected tax evaders is wholly welcome.