Facing complaints over stuck refunds, the Income Tax Department cites high ineligible claims. Taxpayers urged to file revised ITRs by December 31, 2025, as scrutiny focuses on high-value deductions.
The 3rd National Indirect Tax Moot Court Competition 2024, organized by the Chamber of Tax Consultants, concluded successfully in Delhi. The event aimed to hone the skills of future indirect tax professionals. Read more about the winners and key insights.
Income Tax Department sends SMS/email alerts, pausing refunds due to discrepancies in ITR filings. Taxpayers express frustration over vague communication. Revised return deadline is Dec 31, 2025.
Indian taxpayers must file revised or belated Income Tax Returns by December 31, 2025 for FY 2024-25. Experts explain the rules and post-deadline options like Updated Returns.
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Indian taxpayers can still disclose foreign income & assets by filing a revised ITR before December 31. Learn about Schedule FA, FSI, and how to avoid heavy penalties under the Black Money Act.
PIB clarifies new Income Tax Bill 2025 powers. Access to emails & social media is limited to search operations for tax evasion probes. Honest taxpayers unaffected.
The final date to link PAN with Aadhaar is 31 December 2025. Failure will make PAN inoperative, causing ITR issues, higher TDS, and banking restrictions. Act now to avoid penalties.
A new report highlights how the GST 2.0 reforms were pivotal in driving domestic consumption and economic expansion in 2025. Discover the key findings and future roadmap.
Last date to link PAN with Aadhaar is Dec 31, 2025. Unlinked PANs become inoperative from Jan 1, 2026, leading to higher TDS & frozen refunds. Follow our step-by-step guide.
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Nagpur police book three for allegedly defrauding govt of ₹25 lakh via fraudulent GST input tax credit claims using fake documents. Details of the case under BNS & MGST Act inside.
Income Tax Dept establishes a 24/7 control room in Mumbai to curb money misuse in Maharashtra civic elections. Citizens can report unaccounted cash or inducements via WhatsApp, SMS, or email.
The Kerala High Court has declared the Centre's service tax on amusement facilities unconstitutional, ruling it encroaches on the state's taxation powers. Read the full legal analysis.
Kerala High Court rules Centre cannot levy service tax on amusement park entry, calling it unconstitutional. The court says only states can tax entertainment. Read the full details.
Income Tax department contacts multinationals, urging them to warn India-based employees to disclose foreign income & assets by year-end or face ₹10 lakh penalty under Black Money Act.
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Learn how to verify a GSTIN in India to prevent fraudulent payments and loss of Input Tax Credit. Follow our simple guide using official government portals.
Thane police register a case against four individuals for allegedly creating eight fake GST firms and fraudulently claiming over Rs 22 crore in input tax credit. No arrests made yet. Details inside.
Inadvertent failures to disclose foreign assets like ESOPs or old insurance policies can lead to severe penalties under the Black Money Act, as seen in recent cases from Mumbai and Baroda. Learn how to stay compliant.
Tax professionals in Madhya Pradesh seek a 3-month extension for GSTR-9 & 9C filing for FY 2024-25, citing late form release and technical glitches. Read why they argue it's crucial for compliance.
UltraTech Cement receives a Rs 782.2 crore GST demand notice for 2018-2023 period. The company plans to legally challenge the order. Read the full details.
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Income Tax Department issues detailed FAQs on claiming 80G deductions. Learn the verification process, eligible donations, and key conditions for taxpayers in the old regime.
India's corporate tax collections grew 7.5% to Rs 9.94 lakh crore by mid-December, surpassing personal income tax growth. Net direct tax kitty crosses Rs 17 lakh crore. Read the full analysis.
CGST Rohtak arrests Sonipat pharma trader Pawel Garg for alleged GST evasion of Rs 21.30 crore on sales of Rs 118.49 crore. Raid uncovers unaccounted transactions. Read the full details.
Income Tax Department issues bulk alerts via NUDGE 2.0, asking taxpayers to disclose foreign assets by Dec 31. Many NRIs and frequent travelers received notices. Experts advise prompt revision of ITR.
Indian residents selling US RSUs face 12.5% long-term capital gains tax. Learn the rules for reporting foreign assets and handling FAIU summons for NRIs.
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Returned NRI wants to gift money from foreign account to daughter abroad. Also, an NRI selling Dubai property seeks clarity on TDS certificate. Expert explains tax implications.
Still waiting for your ITR refund? Learn why delays happen, when you won't get 6% interest, and how to check your refund status online. Essential guide for Indian taxpayers.
Delhi High Court directs customs authorities to respond to IndiGo's petition seeking a refund of over Rs 900 crore in import duty. The case involves aircraft engines and parts. Read the latest developments.
India's net direct tax revenue rose 8% to ₹17 trillion in April-December, missing the 13% target. Personal income tax growth slowed due to new slab rates. Can the government meet its full-year goal?
India's net direct tax collection for FY25 grows 8% to Rs 17.04 lakh crore. Gross collections surge 24% to Rs 19.45 lakh crore, while refunds slow. Read the full analysis.
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India's net direct tax collections grew 8% to Rs 17.05 lakh crore till Dec 17, boosted by a sharp 13.5% fall in refunds. Advance tax up 4.27%. Read the full analysis.
