Tax

New Delhi, Oct 8: The GST Council has approved a concept note for an optional compliance scheme aimed at small businesses with an annual turnover of up to ₹5 crore that supply exclusively to consumers, Union Finance Minister Nirmala…
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New Delhi, Oct 6: The Goods and Services Tax (GST) Council is scheduled to meet on October 8 to consider a range of proposals covering tax rates, exemptions, compliance issues and Input Tax Credit (ITC), with measures affecting online food…
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New Delhi, Oct 1: With effect from October 1, the government has reduced the windfall tax on export of diesel and Aviation Turbine Fuel (ATF). According to a government order issued on Wednesday, the duty on diesel exports has been cut…
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New Delhi, Sept 21: Circulars issued by the Central Board of Direct Taxes (CBDT) are not binding on courts, the Supreme Court has said as it dismissed an appeal seeking deductions under Section 80HHC of the Income Tax Act, 1961, on premiums…
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New Delhi, Aug 6: Lok Sabha today passed a bill which provides for a series of tax and regulatory changes aimed at attracting foreign investment, strengthening domestic manufacturing, improving tax certainty and supporting India's digital…
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New Delhi, Aug 5: FSN Ecommerce Ventures, the parent company of beauty and lifestyle platform Nykaa, has reported a 226 per cent year-on-year (YoY) jump in its consolidated net profit in the first quarter of the current fiscal…
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New Delhi, Aug 3: The Indian government has proposed extending tax exemptions for foreign companies that supply machinery and equipment to contract manufacturers until 2041, a move expected to benefit firms expanding production in the…
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New Delhi, Aug 1: India's fiscal deficit widened to Rs 3.1 lakh crore during the April-June quarter of FY27, up from about Rs 2.8 lakh crore in the corresponding period last year, according to data released by the Controller General of…
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New Delhi, Aug 1: The Central government today released an additional Rs 1.09 lakh crore as tax devolution to state governments, over and above the regular monthly transfer scheduled later this month. The advance release will provide…
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New Delhi, July 29: The Central government collected more than Rs 16.11 lakh crore through taxes on petroleum products during last five financial years. This has been stated by Finance Minister Nirmala Sitharaman in a written reply in…
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