The income tax department should do everything possible to be seen as "responsible, responsive and transparent," besides adopting a policy of 'guidance over intimidation' when dealing with taxpayers, the CBDT chairman has said.
Foreign private equity (PE) and venture capital (VC) funds are increasingly pushing for tax-related indemnity clauses in their investment agreements with Indian startups, according to legal experts.
In a landmark announcement, Finance Minister Nirmala Sitharaman revealed that the Centre plans to treat capital expenditure (capex) loans given to states as grants.
The Banking Laws (Amendment) Bill, 2024, recently tabled by Finance Minister Nirmala Sitharaman in Parliament, aims to bring significant changes to the banking sector.
On Thursday, the Rajya Sabha returned the Appropriation (No. 2) Bill, 2024, the Jammu and Kashmir Appropriation (No. 3) Bill, 2024, and the Finance (No. 2) Bill, 2024, following a vigorous debate over the Budget.
The Goods and Services Tax Network (GSTN) has rolled out a new functionality on the GST portal, allowing taxpayers to easily add or amend their bank account details.
The Income Tax Department has announced the release of the updated Utility and Schema for Form 3CEB.
The Income Tax Department has achieved a significant milestone with a record 7.28 crore Income Tax Returns (ITRs) filed in the assessment year (AY) 2024-25.
The National Company Law Tribunal (NCLT) has rejected a merger application involving three companies, citing serious concerns about the legality of the proposed amalgamation.
FM Sitharaman announced plans for a comprehensive review of the indirect tax rate structure, set to take place over the next six months.
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