New Delhi, April 10 The Income Tax Department disposed of 2.22 lakh appeals during the last financial year, a nearly 29 per cent increase compared to the previous fiscal, as part of its efforts to reduce disputes with taxpayers, according to official data.Officials told
New Delhi, Apr 1 The Income Tax Act, 2025, which came into effect on Wednesday, marks a new chapter in India's tax administration and is an important step towards Viksit Bharat, the Central Board of Direct Taxes (CBDT) said.The new Act replaced the six-decade-old Income Tax Act, 1961, and...
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financial regulations
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india
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New Delhi, March 26 The Central Information Commission (CIC) has advised the GST Policy Wing of the Central Board of Excise and Customs to "examine the feasibility of developing appropriate mechanisms, guidelines, or public advisories" to enhance transparency and public awareness in GST...
central board of excise and customs
central information commission (cic)
citizen participation
consumer rights
goods and services tax (gst)
government regulations
government transparency
gst remittance
information disclosure
policy advisory
public awareness
right to information act (rti)
taxadministrationtax compliance
vendor compliance
New Delhi, March 25 – Finance Minister Nirmala Sitharaman stated on Wednesday that the Union Budget includes several "supportive" measures for the middle class and MSMEs, and the government is moving forward with reforms based on conviction and clarity, rather than compulsion.In response to...
cesses
customs duty
debt-to-gdp ratio
finance minister nirmala sitharaman
fiscal deficit
goods and services tax (gst)
liberalised remittance scheme (lrs)
micro, small, and medium enterprises (msmes)
middle class
msme support
tamil nadu gst
taxadministrationtaxpayer compliance
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union budget 2026
New Delhi, March 25 Finance Minister Nirmala Sitharaman said on Wednesday that India is on a path of reform, and these reforms are being implemented with conviction and clarity.In response to the debate on the Finance Bill 2026 in the Lok Sabha, Sitharaman said, "Reform is not happening out of...
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india
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small and medium enterprises (smes)
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trade facilitation
New Delhi, March 20 Finance Minister Nirmala Sitharaman on Friday urged income tax officers to make the process easier for taxpayers and use technology to catch those deliberately evading taxes.Addressing the 'PRARAMBH 2026: Nationwide Awareness Campaign on the Income Tax Act, 2025', the...
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india
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nirmala sitharaman
taxadministrationtax awareness
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New Delhi, March 15 – Negotiations between Pakistan and the International Monetary Fund (IMF) over the release of a $1 billion tranche have reportedly stalled again due to the country's weak tax collection and doubts about the credibility of the current budget, reports said.The IMF has once...
budget
circular debt
economic reform
emerging economies
energy sector
fiscal policy
imf programs
international monetary fund
loss-making enterprises
pakistan
public sector enterprises
revenue targets
taxadministrationtax collection
tax-to-gdp ratio
Agartala, March 13 Tripura Governor N. Indrasena Reddy emphasized the need to transform challenges into opportunities to foster inclusive growth in key sectors such as agriculture, industry, and information technology.Addressing the first day of the Assembly's budget session, the governor said...
New Delhi, March 10 President Droupadi Murmu said on Tuesday that tax officers must exercise the authority entrusted to them with humility, restraint, and an unwavering commitment to constitutional values.Addressing a group of Indian Revenue Service (Income Tax) officers who had called on the...
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droupadi murmu
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india's economy
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rashtrapati bhavan
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vikshit bharat
Jammu, February 17 Jammu and Kashmir recorded a steady increase in GST collections, with total revenue amounting to Rs 24,080.79 crore over the past three financial years, reflecting improved compliance and a widening tax base, the UT government said on Tuesday.Responding to a written question...