The Central Board of Direct Taxes (CBDT) has deferred the new procedure for registration of charitable trusts, funds and institutions that was announced in the Union budget.Through the Finance Act 202...

A group of tax officers has suggested hiking the super-rich tax to 40 per cent, imposing a cess and other measures to increase revenue amid the pandemic, prompting the tax department to clarify that t...

A group of senior tax officers has suggested a super-rich tax and a higher levy on foreign companies to keep the cash till running as part of short term measures to help the government fight the coron...

The tax amnesty scheme may be in for an overhaul with the Covid-19 pandemic and the subsequent lockdown throwing the economy in an utter disarray.Indications of a revamp came from the CBDT (Central Bo...

The income tax department has allowed individuals to submit Form 15G and 15H for the current fiscal after June 30 for claiming exemption from TDS on interest income. Forms 15G and 15H are filed b...

The finance ministry on Tuesday extended the validity of all lower withholding tax orders by three months till June 30 in view of hardships caused due to the Covid-19 pandemic.The Central Board of Dir...

The Modi government on Wednesday introduced a direct tax dispute settlement bill which seeks to provide resolution of cases involving Rs 9.32 lakh crore and free up courts and tribunals crippled by pr...

The budget could see the shifting of the incidence of the dividend distribution tax from the company to the shareholders, addressing a long standing demand of the industry and which is a continuation ...

The income tax department’s searches on Bharat Hotels Group, which runs a chain of luxury units under the Lalit Hotels brand, have led to the detection of “undisclosed” foreign assets of over R...

The Narendra Modi-government is expected to come out with another round of measures to boost demand in the economy, including increased public spending and putting more money in the hands of consumers...