I-T Refunds Of Rs 1.14 Lakh Crore Issued Between April-August

NEW DELHI- The Income Tax department has issued refunds of over Rs 1.14 lakh crore in the first five months of this fiscal. “CBDT (Central...

Taxmen Can Launch Prosecution In Cases Of Over Rs 5 Crore GST Evasion

NEW DELHI- GST officers can now launch prosecution against offenders in cases where the amount of evasion or misuse of input tax credit is...

GST Collection Rises 28% To Rs 1.43 Lakh Cr, Festive Season To Drive Mop-Up

New Delhi- India's tax collection from the sale of goods and services soared 28 per cent to Rs 1.43 lakh crore in July aided...

I-T Dept Going Into New Areas To Check Tax Evasion: CBDT Chairman

New Delhi- The Income-Tax department is going into "new areas" of the economy to check tax evasion even as its investigation units are using...

I-T Dept Collects Rs 28-Cr In Taxes From New ITR-U Filing

New Delhi- The Income-tax department has collected around Rs 28 crore in taxes after about 1 lakh returns were filed by taxpayers under the...

No Consideration To Levy Any Charges For UPI Services: Finance Ministry

New Delhi- The Finance Ministry on Sunday said United Payments Interface (UPI) is a digital public good and there is no consideration in the...

Corporate Tax Collection Up 34% In April-July

New Delhi- Tax collected on income of companies surged by 34 per cent in the first four months of the current fiscal that began in...

No GST On Residential Premises Rented Out For Personal Use: Govt

New Delhi- The government, on Friday, said GST will not be applicable on residential units if they are rented out to private persons for...

Income Tax Payers Barred From Enrolling In Atal Pension Yojana From Oct 1

New Delhi- Income tax payers will not be allowed to enrol in the government's social security scheme Atal Pension Yojana (APY) from October 1. The...

GST E-Invoice To Be Mandatory For Firms With Turnover Of Rs 10 Crore From...

NEW DELHI- GST-registered businesses with annual turnover of Rs 10 crore or more will have to generate e-invoices for B2B transactions from October 1,...