New Delhi, April 1 – The Income Tax Department has explicitly excluded income arising from the transfer of investments made before April 1, 2017, from the scope of the General Anti-Avoidance Rules (GAAR), thereby resolving a long-standing industry concern regarding retrospective applicability...
cbdt
general anti-avoidance rules (gaar)
income tax
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india tax department
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investment income
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retrospective taxation
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tiger global
With the start of the new financial year today, a set of reforms, including key changes to financial regulations, will come into effect.The Income Tax Act, which has been in place for over six decades, will be replaced by the new Income Tax Act, 2025, starting today. This is designed to...
2025
digital payments
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financial reforms
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financial year 2026-27
income tax
income tax act
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reserve bank of india
tax compliance
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taxregulations
New Delhi, March 25 Businesses can now use UPI, debit or credit cards to pay customs duty on the ICEGATE portal, the Central Board of Indirect Taxes and Customs (CBIC) has said.The CBIC, in a circular, stated that the ICEGATE e-Payment platform has enabled a "Payment Aggregator" as an...
The Income Tax Department has issued a clarification regarding certain email communications sent to taxpayers as part of the Advance Tax e-Campaign for Assessment Year 2026-27.In a statement, the department informed that some taxpayers had received emails containing inaccurate details...
advance tax
advance tax reminder
assessment year 2026-27
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tax department clarification
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New Delhi, March 11 India has emerged as the undisputed global hub for Global Capability Centres (GCCs), hosting over 55 per cent of such facilities worldwide, yet these innovation engines must navigate a staggering regulatory maze of more than 500 distinct legal obligations and over 2,000...
New Delhi, February 27 The Municipal Corporation of Delhi has recovered ₹11.69 crore in outstanding property tax from a firm that owns a private hotel in Paschim Vihar, a suburb of west Delhi.The civic body stated that the property was undergoing liquidation proceedings, and the owner had...