Tag: direct tax
Vivad se Vishwas 2.0: CBDT notifies date for direct tax dispute resolution
The Central Board of Direct Taxes (CBDT) Saturday notified the rules and forms for the taxpayers to avail Vivad se Vishwas 2.0 scheme paving the…
Tata’s 130-year-old foreign education fund gets relief as I-T tribunal reinstates its tax-exemption status
The Income Tax Appellate Tribunal (ITAT) on Tuesday ruled that the JN Tata Endowment (JNTE) for higher education abroad will continue to enjoy income-tax exemption,…
Finance Ministry says UIDAI does not need to pay income tax
The finance ministry has exempted the income of Unique Identification Authority of India (UIDAI) from payment of income tax for five years till fiscal 2027-28….
Outward remittances exceeding ₹6 lakh come under I-T scanner
New Delhi: The Central Board of Direct Taxes (CBDT) has launched a comprehensive scrutiny and verification of high-value outward foreign remittances of above ₹6 lakh…
India’s net direct tax collection grows 22% to Rs 6.93 lakh crore
The net direct tax collection grew 22.48 per cent to about Rs 6.93 lakh crore as of August 11 this fiscal, government said on Monday….
BCCI paid Rs 2,038 crore GST in FY23, FY24
Gross GST revenue collection from BCCI during 2022-23 and 2023-24 fiscal years was Rs 2,038.55 crore, Parliament was informed on Tuesday. Minister of State for…
Infosys vs USD 4 Billion GST: CBIC sensitises officials about June circular as tax experts bat for clarity
The Central Board of Indirect taxes and Customs has asked field officials to take into account its June 26 circular when considering matters about related…
Budget: FM Nirmala Sitharaman: Word we gave post-Covid on fiscal glide path will have to be honoured
Industry was extensively consulted while designing the employment schemes announced in the budget and will be involved at the implementation stage as well, finance minister…
budget 2024 news: Budget proposals lay ground for long term reforms: NITI Aayog VC
NITI Aayog vice chairman Suman Bery on Wednesday said the review of the direct tax and the custom’s duty rates as announced by the Finance…
FM Sitharaman wants to widen India’s tax-net even further, directly & indirectly
India’s tax-net will have to be widened, whether it is in the direct taxation or indirect, reiterated Finance Minister Nirmala Sitharaman on Tuesday in the…