By: AdminDate: January 22, 2025Categories: Income Tax News, NewsReading Time: 4 Min Introduction: Mounting Taxpayer ConcernsAs India prepares for its third attempt to reform the six-decade-old tax code, dissatisfaction among…
Budget 2025: Key Tax Reforms Proposed by Former CBDT Chair JB Mohapatra
By: AdminDate: January 22, 2025Categories: CBDT, NewsReading Time: 4 Min Introduction: Proposals for a More Efficient Tax SystemAs the Union Budget 2025 approaches, former CBDT Chair JB Mohapatra has outlined…
Revenue Secretary: 70% of 6 Crore FY24 ITRs Filed Under New Tax Regime
By: Admin|July 31, 2024|Categories: Income Tax News|News Introduction In a significant development for taxpayers in India, approximately 6 crore income tax returns (ITRs) were filed for the fiscal year 2023-24.…
Debate Over GST Rate Structure: Rationalizing Three-Tier Goods and Services Tax
By: Admin|July 30, 2024|Categories: GST Recent News In recent developments, central and state government officials have initiated discussions aimed at rationalizing the Goods and Services Tax (GST). According to reports…
GST Reduction Benefits for Common Man: Expansion to All Sectors Soon
By: AdminJuly 24, 2024Categories: GST Recent News4 Min Read Understanding GST: Impact, Benefits, and Future Expansion Introduction to Goods and Services Tax (GST) Introduced in India on July 1, 2017,…
CBIC Chairman: Three-slab GST a Strong Possibility
By: AdminJuly 25, 2024Categories: GST Recent News Reconstituted Group of Ministers (GoM) is currently engaged in a comprehensive review of the Goods and Services Tax (GST) structure in India. Central…
GST 2.0 and Beyond: Union Budget 2024 Paving the Way
By: AdminJuly 22, 2024Categories: GST Recent News Transformative Reforms in Direct Taxes and GST: A Comprehensive Review The landscape of direct taxes and Goods and Services Tax (GST) in India…
Budget 2024 Expectations: Raise Basic Income Exemption Limit to Rs 5 Lakh and Standard Deduction to Rs 1 Lakh
By: AdminJuly 22, 2024Categories: Income Tax News|News To cater to individual taxpayers left disappointed after Finance Minister Nirmala Sitharaman refrained from announcing tax sops in interim Budget 2024, hopes now…
Industry Indirect Tax Expectations for Budget 2024: What You Need to Know
By: AdminJuly 22, 2024Categories: GST Recent News Cryptocurrencies, NFTs, and GST: Clarity Needed Ahead of Budget 2024 The taxation landscape for cryptocurrencies and non-fungible tokens (NFTs) has seen recent clarity…
Commercial Tax Department Reveals: Over 20K Taxpayers Still Evading GST
By: Admin July 20, 2024 Categories: GST Recent News GST Evasion Continues: Commercial Tax Department Initiates Special Drive It has now been six years since the Goods and Services Tax…