The National Company Law Tribunal (NCLT) in Ahmedabad has ordered the freezing and attachment of all bank accounts and lockers belonging to Gensol Engineering Limited
India’s tax revenue is projected to rise to 12.0% of GDP in FY2025–26—from the peak 2007–08—signalling robust tax buoyancy, rising economic formalisation, and continued revenue
NEW DELHI: The Institute of Chartered Accountants of India (ICAI) has approved a crucial draft regulatory framework which will enable domestic chartered accountant firms to
New Delhi: Customs authorities have imposed penalties totalling over Rs 2.76 crore on IndiGo, which said it will appeal against the orders imposing fines. The
New Delhi: The income tax department has extended the deadline for filing of tax returns by individuals from July 31 to Sept 15 in the
New Delhi, Finance Minister Nirmala Sitharaman will meet representatives of the Confederation of Indian Industry on Tuesday evening to discuss the roll out of reforms
NEW DELHI -India will restore benefits under a key scheme that reimburses exporters for embedded duties, taxes, and levies not covered by any other government
A panel, headed by Niti Aayog member Ramesh Chand, on charting a roadmap for growth of Bihar, Jharkhand, Odisha, West Bengal and Andhra Pradesh could
Tata Motors New Delhi, Tata Motors has paid Rs 38,892 crore in tax and other contributions globally in 2024-25, a dip of 1 per cent
The Supreme Court on Monday directed parties to maintain status quo on the liquidation of Bhushan Power and Steel Ltd (BPSL), following a plea by
Sending money from the US to India could get costlier in 2026 if President Donald Trump’s proposal goes through. The 1,116-page ‘One Big Beautiful Bill’—which
New Delhi, The GST Council is likely to meet soon to discuss rate simplification and rationalisation and the future of compensation cess, according to a
In today’s dynamic economic environment, accounting and reporting have become important levers of building resilience and trust, and transforming businesses. As stakeholders’ expectations rise and
The Centre has begun fresh discussions on a significant revamp of the goods and services tax (GST) structure to simplify it further and rework the
A Delhi court has allowed interim relief sought by Puneet Singh, co-founder, Gensol Engineering Ltd, the company and its affiliate BluSmart for usage of defamatory
Select suppliers who provide taxable goods or services are subject to reverse GST (Goods and Services Tax). The recipient of services or goods, not the
The Supreme Court has rejected the finance ministry’s petition seeking a review of its October judgement, which allowed real estate companies to claim input tax
The Supreme Court has rejected the finance ministry’s petition seeking a review of its October judgement, which allowed real estate companies to claim input tax
The Trump administration’s proposed 5% tax on all remittances sent abroad is not likely to have a significant impact on the Indian economy, officials and
Cyril Amarchand Mangaldas advised Fusion Finance on its rights issue of partly paid-up equity shares. The deal size was ₹8,000 million approx. The rights issue
This marks an expansion of the investigation into Gensol, which began with Sebi’s report last month. The National Financial Reporting Authority (NFRA) has launched a
JSW Steel is facing a possible reversal of tax benefits availed as part of the acquisition of Bhushan Power and Steel (BPSL), following its 2020
New Delhi, The Income Tax department has notified ITR-U which will allow taxpayers to file updated returns for 4 years from the end of relevant
Haryana Chief Minister Nayab Singh Saini has assured that the state government may recommend including the financial year (FY) 2020–21 under the Goods and Services
In a matter that will have huge implications for businesses across the country, the Supreme Court on Monday upheld a Gujarat High Court decision that
The Supreme Court on Monday asked why couldn’t the Centre formulate a “clear cut” policy on regulating cryptocurreny while underlining its impact on economy. A
The Supreme Court on Monday dismissed the pleas of telecom majors Vodafone, Airtel and Tata Teleservices seeking the waiver of adjusted gross revenue (AGR) dues.
India’s markets regulator is investigating six IndusInd Bank officials for insider trading to determine if they sold stock options while being aware of accounting lapses
A proposed 5 per cent US tax on remittances sent abroad by non-citizens is raising alarm in India as it may hit Indian households and
GST Network on Friday deferred the implementation of locking of the table showing inter-state supplies to unregistered persons and composition tax in monthly tax payment
New Delhi: The government on Thursday said it has approved as many as 187 startups for income tax exemption. The tax benefit allows eligible startups
Two days after the Bar Council of India notified amended rules for the registration of foreign lawyers and law firms based on reciprocity, the apex
The Supreme Court on Thursday agreed to hear a fresh plea of Vodafone Idea seeking waiver of around Rs 30,000 crore adjusted gross revenue (AGR)
Orissa High Court The Orissa High Court has directed the Customs Department to pay 6% interest on delayed customs refunds to Indian mining major Vedanta.
The Union Finance Ministry released a draft on India’s climate finance taxonomy last week. The draft document aims to guide investors toward activities aligned with
India’s GST collections for FY2024–25 touched a total of ₹16,75 lakh crore, an increase of 9.98% against ₹15.23 lakh crore collected in FY23-24. This reflects
NEW DELHI: Flagging concerns over the misuse of a Central Goods and Services Tax Act provision, Delhi high court has fined a private firm for
New Delhi, Mankind Pharma Ltd on Wednesday said it has received additional tax demands, including interest, of Rs 341.86 crore from the Income Tax authority.
The Goods and Services Tax Network (GSTN) has issued important advisory about those taxpayers who wish to apply for the GST Amnesty Scheme on or
The Income Tax Appellate Tribunal (ITAT) Mumbai recently exempted an NRI step-brother from paying any income tax after the tax department added Rs 7.88 crore
The Income Tax Department has notified the income tax return forms for FY 2024-25 (AY 2025-26), incorporating the changes in tax laws announced in the
Vijayawada: Observing that Andhra Pradesh is one of the top states in gold purchases, chief minister N Chandrababu Naidu expressed concern that tax revenue was
The survey also reveals that sustainability is playing a significant role in shaping career paths. Nearly three in four respondents from India – 74% –
In a major step towards plugging tax leakages and improving data accuracy, the Goods and Services Tax Network (GSTN) has rolled out new compliance rules
New Delhi: The income tax department has notified all seven income tax return forms for assessment year 2025-26. While ITR forms 1 and 4, which
My hands cradle my aching head, surrounded by tax forms and a calculator under the dim glow of my desk lamp. The deadline looms. Chandigarh:
Amaravati, May 12 (IANS) The Andhra Pradesh government has granted property tax exemption to houses owned by Indian Defence personnel within the gram panchayat limits
The Income Tax Appellate Tribunal (ITAT), Mumbai, on April 17, 2025 held that long term capital gains (LTCG) tax exemption under Section 54 cannot be