Income Tax

India’s Net Direct Tax Collections Go Down Because of a Lot of Refunds

India’s Net Direct Tax Collections Go Down Because of a Lot of Refunds

Even while total direct tax collections are steadily rising, net collections fell by 3.95% in FY 2025-26 because refunds rose…

4 months ago

GST Filing Alert: GSTR-3B to Become Non-Editable From July 2025; Returns Barred After 3 Years

GSTN announces critical updates to monthly GST return filing norms effective from July 2025, urges taxpayers to reconcile records immediately…

6 months ago

Income Tax Department Issues Notice to ‘Empuraan’ Producer Antony Perumbavoor Over Alleged Financial Transactions

April 6, 2025: The Income Tax Department has issued a notice to Antony Perumbavoor, the producer of the film Empuraan,…

8 months ago

Budget 2025: No Tax on Income up to ₹4 Lakh, Revised Slabs for Middle-Class Relief

Taxpayers earning up to ₹12.75 lakh annually to pay zero tax under the new regime, thanks to standard deduction benefits.…

10 months ago

Proposed Joint Tax Filing in Budget 2025: A Boon for Married Couples?

Proposed Joint Tax Filing in Budget 2025: A Boon for Married Couples?ICAI's proposal to introduce joint tax filing aims to…

10 months ago

D Gukesh Will Pay This Humungous Amount as Tax on His ₹11 Crore Chess Title Win

Fans celebrate Gukesh's historic victory while trolling Nirmala Sitharaman over the hefty income tax cut on his prize money. December…

12 months ago

India’s FY25 Fiscal Deficit Projected at 4.8% Amid Robust Tax Collections

Strong GST and income tax revenues offset weaker corporate tax performance; capex shortfall raises concerns for infrastructure growth. New Delhi,…

12 months ago

IT raids various locations in Tamil Nadu allegedly linked to DMK leaders

The raids were carried out at several locations allegedly linked to the late DMK leader Vasugi Murugesan and Tamil Nadu…

2 years ago

UP: Income Tax raids on SP leader Azam Khan’s residence in Rampur continue for 3rd day

Income Tax depart. raid on the Rampur residence in UP of senior Samajwadi Party leader Azam Khan continued for the…

2 years ago