Income Tax Department conducts searches on multiple Mumbai food & beverage companies for alleged tax evasion. Actor Shilpa Shetty's co-owned restaurant among premises covered. Read the full details.
Varanasi Municipal Corporation assures no coercive action against religious sites after seers protest integrated tax bills. Commissioner clarifies tax exemptions for charitable institutions.
Income Tax Department conducts nationwide raids on food companies, including a brand promoted by Shilpa Shetty. Search operations span multiple cities, uncovering alleged financial irregularities.
Income Tax Department raids over 20 Mumbai food & beverage firms for tax evasion. Searches include a restaurant co-owned by Shilpa Shetty. Details on the ongoing investigation here.
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CAG report reveals a 38% staffing shortage in CBIC audit wings, leading to a gap between planned and completed GST audits. Recovery rates remain low. Ministry urged to fill vacancies.
Finance Act 2024 rewired share buyback taxation, shifting the burden to shareholders from Oct 1. Experts warn it taxes notional income and creates distortions. Learn the new tax implications.
The Income Tax Department clarifies recent taxpayer communications are for voluntary compliance. Review your AIS and respond via the Compliance Portal by Dec 31, 2025, if needed.
Income Tax Department clarifies recent SMS/email alerts are advisories for taxpayers to voluntarily review & correct ITR discrepancies. Last date for belated ITR is Dec 31, 2025.
Kerala Finance Minister warns new central MGNREGS rules will cost state Rs 1,600-2,000 crore extra. Experts call for equitable financial federalism. Read more.
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Kerala Finance Minister K N Balagopal warns that new central MGNREGS changes will cost the state Rs 1,600-2,000 crore extra. Experts call for equitable financial transfers. Read more.
Income Tax officials conducted raids at Bastian Garden City, a Bengaluru pub co-owned by Shilpa Shetty, following an FIR by Cubbon Park police for operating beyond permissible hours. Details inside.
Railway Protection Force recovers Rs 38.20 lakh in unaccounted cash from a passenger on Netaji Express at Kanpur Central. The money has been handed over to the Income Tax Department for investigation. Read the full details.
Income Tax Department's NUDGE campaign gives taxpayers until Dec 31 to correct returns after checks revealed under-reporting of property, bank deals. Act now.
AAP MP Raghav Chadha urges FM for reforms to reward domestic investors, ensure full GST pass-through, and introduce a Tokenisation Bill. A push to boost India's economy.
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Nearly three months after GST rate reductions, the FMCG sector awaits a significant demand boost. While auto and durables saw immediate gains, consumer goods growth remains muted. Industry leaders predict clarity in coming quarters.
Kanpur police and tax officials bust a gang that created fake companies to evade GST worth Rs 37.87 crore. Four arrested, laptops and phones seized. Read the full investigation details.
Third advance tax instalment for FY 2025-26 due 15 Dec. Missing it attracts interest under Section 234C. Know calculation, exemptions for seniors, and how to pay by March.
Government uncovers 489 bogus GST registrations using forged IDs, evading Rs 3,000 crore. Data analytics drive intensifies against tax fraud networks. Read the full report.
Government detects 489 fake GST registrations using forged PAN & Aadhaar, leading to ₹3,000+ crore tax evasion. Learn about the crackdown and new safety measures.
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Kochi district issues an average of 92 revenue recovery orders daily. Nearly half target bank loan defaulters, while others are for unpaid taxes. Learn the causes and impact.
Ahmedabad ITAT restores an NRI's tax appeal despite a 621-day delay, citing notices sent to a wrong email address. The ruling highlights the need for accuracy in the faceless appeals process. Read more.
Telangana's commercial taxes department plans to create three new divisions in Shamshabad, Sangareddy, and Jubilee Hills/Gachibowli to decentralize administration and strengthen tax collection. Read more.
Get ready for the 2026 tax season with major changes under the One, Big, Beautiful Bill. Learn about new deductions, refund timelines, and how to file early for faster returns. Essential reading for all taxpayers.
Finance Minister Nirmala Sitharaman signals a major customs framework simplification for easier compliance. Announcements likely in Budget 2026. Read more on India's economic plans.
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India's tax revenues soared 30% in the first half of FY25, yet government expenditure grew faster, widening the fiscal deficit. Explore the details and implications for the economy.
Finance Minister Nirmala Sitharaman announces customs simplification as the next major reform, following GST and income tax rationalisation to boost consumption and put cash in common man's hands.
Karnataka's GST collection growth moderated to 3% in October after a 10% surge in September. Analysts attribute the drop to post-festive normalization. Read more on the state's revenue trends.
Lok Sabha passes bill imposing a 25% National Security and Health Cess on pan masala and tobacco. The move aims to curb consumption and fund public health initiatives. Read the full details.
Understand India's advance tax rules for FY 2025-26. Know payment deadlines, key exemptions for senior citizens & salaried, and how to avoid penal interest. Plan your taxes now.
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FM Nirmala Sitharaman explains new Health & National Security Cess to replace GST compensation levy. Bill aims to stop tax evasion on pan masala, secure funds for public health and defence. Read more.
