CII calls for GST-like reforms in land, labour & local approvalsCII has called for extending the GST Council's approach to decriminalise offences in various sectors. This move aims to enhance ease of doi...
02 Nov, 2026, 01.09 AM IST
India is addressing Wall Street’s favourite ‘elephant’ in the room to its own advantageThe Indian government has identified 762 potential applications of artificial intelligence across 62 ministries and departments, spanning f...
29 Oct, 2026, 12.51 PM IST
Own property in UAE? Income Tax Department nudges taxpayers to declare undisclosed assets under FAST-DS 2026, know who needs to act and what they can doUAE property owners have received communication from the income tax department regarding undisclosed assets. Taxpayers are prompted to asse...
29 Oct, 2026, 05.17 AM IST
No more tax wishlists? FM Sitharaman asks experts to make the case for what should goFinance Minister Nirmala Sitharaman urged tax professionals and industry bodies to move beyond demands for exemptions and rate cuts, asking...
16 Sep, 2026, 01.03 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
Connaught Place restaurant charged Rs 80 extra as service fee without asking; GST was added on that charge too; CCPA orders it to pay Rs 10,000CCPA fined a restaurant in Connaught Place Rs 10,000 for automatically adding an Rs 80 service charge to a customer's food bill and applyin...
16 Sep, 2026, 11.37 AM IST
Indian moves to US for job, forgets to file ITR, Income Tax Dept imposes Rs 8.29 lakh penalty; ITAT Jaipur cancels penalty and gives full reliefIndian employee working in US imposed with Rs 8.29 lakh penalty for missing to file ITR after moving to US; ITAT Jaipur cancels penalty and...
14 Sep, 2026, 07.00 AM IST
How you CSR, not what, matters: India's CSR mandate and the hidden cost for companiesIndia's statutory corporate social responsibility (CSR) mandate could impede authentic social engagement. By enforcing mandatory spending, ...
10 Sep, 2026, 11.47 PM 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
Foreign income disclosed in ITR-U: Why it could still trigger Black Money Act - FAST-DS 2026 ParadoxFAST-DS 2026 raises an important question for taxpayers who have voluntarily disclosed foreign income through a valid ITR-U. Can such incom...
04 Sep, 2026, 10.31 AM IST
Finance Act 2026: Updated return rules change for taxpayers reporting reduced lossesThe Finance Act, 2026, has plugged a significant gap. Earlier, an updated return could not be filed if unaccounted income merely reduced a ...
31 Aug, 2026, 05.35 PM IST
Deadline to file updated tax return extended in Budget 2025Finance Minister Nirmala Sitharaman proposed to extend the time limit for filing updated tax returns from 24 months to 48 months in the Uni...
01 Feb, 2025, 02.06 PM IST
Govt stresses need on voluntary tax compliance"Govt believes in a non-adversarial tax regime. So there is a need for greater voluntary tax compliance," Minister of State for Finance (Re...
27 Sep, 2013, 04.41 PM IST
Are you a tax defaulter? Here's a chance to declare your tax liabilityGovernment has decided to provide the tax defaulters another chance by implementing a single time amnesty scheme.
11 Jun, 2013, 02.36 PM IST
- Voluntary compliance scheme to help widen tax base: Revenue secretary
Sumit Bose today said the recently announced voluntary compliance scheme for service tax defaulters will help the government widen the tax ...
06 Mar, 2013, 07.44 PM IST
- Direct taxes up 40%, FM non-committal on tax moderation
Finance Minister P Chidambaram today parried questions on moderating taxes in the next budget even as direct tax collections this fiscal ar...
01 Jan, 2008, 04.13 PM IST
- Finance Ministry favours moderate income tax rates
The Finance Ministry appears to be favourably inclined toward moderating income tax rates in view of the over 40 per cent growth in direct ...
06 Dec, 2007, 04.19 PM IST