tax authorities

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    Revised Tax Rules Aim for Greater Transparency and Compliance

    The government has announced the Income Tax Rules, 2026, which will come into effect from the first day of next month. The new rules aim to improve compliance through stricter disclosure requirements while simplifying tax procedures by reducing the number of rules.These rules represent a major...
    • Kajal K
    • News
    • asset disclosure audit trails compliance cross-border taxation debenture conversions dividend distribution employer-provided accommodation income tax income-tax act india ministry of finance reporting mechanisms stock exchange compliance tax authorities tax procedures tax rules zero-coupon bonds
    • Replies: 0
    • Forum: National
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    ICICI Bank Disputes GST Demand, Initiates Legal Action

    New Delhi, March 19 ICICI Bank said on Thursday that tax authorities have issued a demand notice of ₹768.6 crore against it for alleged short payment of GST.On March 18, 2026, ICICI Bank received an order under Section 74 of the Maharashtra Goods and Services Tax Act, 2017, from the Additional...
    • Kangana
    • News
    • central excise cgst financial reporting goods and services tax (gst) icici bank interest litigation maharashtra goods and services tax act penalty regulatory filing tax authorities tax demand
    • Replies: 0
    • Forum: Business
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    Supreme Court Refuses to Hear PIL on Income Tax Search Powers

    New Delhi, March 9 The Supreme Court on Monday refused to entertain a public interest litigation (PIL) challenging the scope of search and seizure powers under Section 132 of the Income Tax Act, arguing that it has the potential for misuse by authorities."We cannot second-guess a provision to...
    • Hitika
    • News
    • digital evidence disclosure requirements income tax act income tax appellate tribunal india legal proceedings public interest litigation reason to believe search and seizure section 132 supreme court tax authorities tax evasion tax officers taxpayer rights
    • Replies: 0
    • Forum: National
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    Fino Payments Bank CEO Arrested; Bank Cooperates with Authorities

    New Delhi, February 27 Fino Payments Bank on Friday said that tax authorities have arrested its managing director and CEO, Rishi Gupta, for violating the law related to the Goods and Services Tax (GST).Following the arrest, a special board meeting was convened, during which Ketan Merchant, the...
    • Devansh
    • News
    • arrest business partners cgst corporate governance financial officer fino payments bank goods and services tax (gst) india regulatory filing rishi gupta sgst tax authorities
    • Replies: 0
    • Forum: Business
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    Search Operation Underway at Uma Shankar Singh's Residence

    Lucknow, February 25 – An Income Tax Department search operation is underway at the residence of Uma Shankar Singh, the sole Bahujan Samaj Party legislator in Uttar Pradesh, in Lucknow.More than three dozen officials arrived at his home early in the morning, accompanied by a heavy police...
    • Alex B
    • News
    • bahujan samaj party ballia district cancer financial dealings income tax department legal investigation legislative assembly political reaction property matters rasra residence search search operation tax authorities uma shankar singh uttar pradesh
    • Replies: 0
    • Forum: National
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