Lucknow, February 27 Uttar Pradesh Chief Minister Yogi Adityanath on Friday chaired a high-level meeting to review the updated status of tax and non-tax revenue receipts up to the end of February in the financial year 2025-26.Assessing the targets and achievements presented by the GST, VAT...
New Delhi, February 25 The government has released draft income tax forms that require disclosure of the tenant-landlord relationship to claim I-T deductions, and increased the responsibility of auditors and companies for claiming tax credits on foreign income.The draft forms also propose to...
audit observations
companies act 2013
foreign tax credit (ftc)
form 124
form 44
house rent allowance (hra)
income tax
india
pan application
stakeholder consultation
tax audit
tax audit form no 26
taxcompliancetax deductions
tenant-landlord relationship
Chandigarh, February 19 Punjab Finance Minister Harpal Singh Cheema said on Thursday that the government is committed to ensuring a harassment-free and conducive business environment while maintaining strict tax compliance in the state.According to Cheema, the state Taxation Department has...
New Delhi, February 13 IndiGo said on Friday that it has been fined over Rs 1.27 crore related to Goods and Services Tax (GST) input tax credit, and that it will challenge the order.In a filing to the BSE, the airline's parent company, InterGlobe Aviation, said that it has been denied input...
New Delhi, February 12 The Income Tax Department has, for the first time, issued a demand notice of ₹4.62 crore to the Equestrian Federation of India for the assessment year 2024-25 under Section 156 of the Income-Tax Act, 1961, according to official documents.The notice, dated February 9...
accumulation certificate
assessment year 2024-25
central board of direct taxes (cbdt)
demand notice
equestrian federation of india
foreign transfers
income tax department
national sports federation
section 156 income-tax act 1961
taxcompliance
New Delhi, February 11 The Supreme Court on Wednesday dismissed a petition alleging the absence of a mechanism to inform people about their obligation regarding tax deducted at source (TDS) when purchasing property valued at more than Rs 50 lakh.A bench of Justices Vikram Nath and Sandeep...
New Delhi, February 9 The Income-Tax Department's NUDGE – a technology-enabled campaign to encourage taxpayers to pay their dues before initiating penal procedures – could be adopted by various other government departments like the CBIC to improve governance, CBDT Chairman Ravi Agrawal has said...
central board of direct taxes (cbdt)
central board of indirect taxes (cbic)
data-driven governance
income-tax department
nudge campaign
taxcompliancetax returns