CBIC to step up outreach as EMI scheme struggles to attract manufacturersThe CBIC will conduct outreach programs to encourage EMI scheme adoption. Data and documentation requirements for the scheme have been subs...
16 Sep, 2026, 12.12 PM IST
Customs should accelerate AI usage to reduce cost, physical interface with trusted taxpayers: CBIC chiefIn a progressive move, the Customs department plans to ramp up its deployment of artificial intelligence and real-time analytics to limit d...
16 Sep, 2026, 11.57 AM IST
Tax reforms drive 1.32 crore updated returns, Rs 16,083 crore additional tax: CBDT memberUpdated income tax returns have increased significantly over four years. New tax regime adoption shows strong uptake among taxpayers filing...
07 Sep, 2026, 06.53 PM IST
Adityanath calls for trader-friendly tax system, better services for honest taxpayersUttar Pradesh Chief Minister Yogi Adityanath has instructed the state tax department to boost revenue collection. He emphasised providing f...
25 May, 2026, 01.51 PM IST
New Income Tax law aims to build transparent, tech-driven ecosystem for taxpayers: OfficialPune's Principal Chief Commissioner of Income Tax, Vivek Wadekar, announced the new Income Tax Act, 2025, aims to simplify compliance and f...
12 May, 2026, 10.52 PM IST
Trade competitiveness will depend on how industry leverages facilitation measures: CIISpeaking at a webinar here , Chairman of CII Western region Subcommittee on International Trade & Investment and MD, Continental Carriers, ...
24 Apr, 2026, 08.37 PM IST
New I-T Act will increase voluntary compliance: OfficialThe Income Tax Act, 2025 will boost voluntary compliance by simplifying provisions and reducing complexity, a senior official said. The rev...
21 Apr, 2026, 09.49 PM IST
'Over 90k salaried wrongly claimed Rs 1000 crore tax benefits'Around 90,000 salaried employees have wrongly claimed tax deductions worth ₹1,070 crore until December 31, 2024, according to the Income Ta...
17 Jan, 2025, 12.59 AM IST
90,000 salaried individuals withdraw Rs 1,070 cr worth wrongful tax deduction claimsAround 90,000 employees from PSUs and private sectors have withdrawn false tax deductions claims amounting to Rs 1,070 crore as of December...
16 Jan, 2025, 07.56 PM IST
Over 34.84 lakh IT audit reports filed on e-filing portal up to Oct 7: FinminThe finance ministry reported over 34.84 lakh audit reports, including approximately 34.09 lakh Tax Audit Reports (TARs), were filed for AY...
09 Oct, 2024, 07.56 PM IST
Pay taxes on time to make India third-largest economy in world: IT officialPrincipal Chief Commissioner of Income Tax (NER) Chaitali Panmei on Friday called upon people to pay taxes on time to help India become the...
02 Feb, 2024, 06.52 PM IST
Over 30 lakh audit reports filed on Income Tax Department portalThe Income Tax Department's e-filing portal received over 30 lakh audit reports by September 30, according to the tax authority of India. T...
02 Oct, 2023, 07.46 PM IST
GST officers bust 304 syndicates involving Rs 25,000 crore fake ITC claimsIn an ongoing drive against bogus firms, GST officers have busted 304 syndicates involving 9,000 fake GST identification numbers (GSTINs) a...
01 Jul, 2023, 05.57 PM IST
Over 8.22 cr taxpayers in FY20"Total number of taxpayers for AY 2020-21 is 8,22,83,407. The projected total population of the country as on March 1, 2021 .... was 136.30...
15 Mar, 2022, 05.04 PM IST
Only about 15% of taxpayers have filed GST Returns, low numbers worry CBIC chiefThe dismal figures has prompted CBIC Chairman Pranab K Das to get the tax commissioners to help out with the process and expedite the retur...
09 Aug, 2019, 11.12 AM IST
Subdued demand may force relook at GST composition schemeCBEC is trying to ascertain the reasons for businesses not opting for the Composition Scheme that was especially designed to ease complianc...
30 Jul, 2017, 12.37 PM IST
CBEC sanctions Rs 1 cr to each zone for GST outreachSpecial GST awareness campaign has been displayed through 12 Air India aircraft and TV advertisements, and radio jingles are being run on m...
15 Apr, 2017, 03.22 PM IST