Some of Cairn Energy Plc’s marquee shareholders that include BlackRock, MFS, Franklin Templeton and Fidelity have asked the Indian government to honour an arbitration award and return $1.2 billi...

Analysts at PwC India are in favour of additional tax benefits for salaried individuals to meet expenses incurred on account of work from home. The move can potentially increase income at the hands o...

Taxpayers with income from business or profession are looking for real simplification in income tax provisions that will push the envelope up in terms of ease of doing business and achieve the broader...

Section 234F of the Income Tax Act provides for levy of late fee in case of an assessee whose gross income is above Rs 2,50,000 and is mandatorily required to file the tax return and he has not filed ...

The Mumbai bench of the income tax appellate tribunal (ITAT) has retracted the critical remarks it made on Cyrus Mistry in its recent order that had restored the tax-exempt status of three key Tata Tr...

The Centre has extended the last date for the filing of income-tax returns by individual taxpayers to January 10 from December 31.  The last date for entities and individuals who have to  s...

Taxpayers took to Twitter to plead for the extension of the deadline to file income tax returns for fiscal 2019-20 (assessment year 2020-21) from December 31 by three months citing Covid-19 and system...

In a move to boost the real estate sector, finance minister Nirmala Sitharaman on Thursday relaxed income tax rules to allow the sale of primary residential units of up to Rs 2 crore value below the c...

The government on Saturday extended the deadline for filing returns by individual taxpayers for 2019-20 by a month till December 31. For those taxpayers whose accounts need to be audited, the deadlin...

Some changes in tax collection at source (TCS) will take effect from October. They relate to tax collection at source for foreign remittances and sale of goods in a year in excess of Rs 50 lakh by se...