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CBDT orders tax officials to process late returns, refunds

New Delhi, June 27 -- The Central Board of Direct Taxes (CBDT) has ordered the processing of late tax returns and their refunds in cases where taxpayers have filed a request for condoning delays and r... Read More


Amitabh Kant joins Canada's Fairfax as adviser after stepping down as India's G20 Sherpa

New Delhi, June 27 -- Fairfax Financial Holdings Ltd has hired India's former G20 Sherpa Amitabh Kant as a senior adviser, as the Canadian investment firm looks to tap more opportunities in India. Ka... Read More


CBDT orders processing of late returns, refunds filed upto March 2024

New Delhi, June 26 -- The Central Board of Direct Taxes (CBDT) has ordered the processing of late tax returns and their refunds in cases where taxpayers have filed a request for condoning delays and r... Read More


Make GIFT City more attractive for HNIs, sovereign and pension funds, says Sitharaman

New Delhi, June 26 -- Finance minister Nirmala Sitharaman on Thursday urged regulators and stakeholders at GIFT City to speed up efforts to attract more foreign capital into the country through struct... Read More


Border states see fewer company registrations in May amid geopolitical tensions

New Delhi, June 26 -- Fewer new companies were registered in the border states of Rajasthan, Punjab, Himachal Pradesh, Gujarat, and the Union Territory of Jammu and Kashmir in May, compared to the ste... Read More


GST@8: Why businesses like GST and what they want next

New Delhi, June 25 -- Indian businesses are pitching for more reforms to improve the efficiency of goods and services tax even as they agree that the unified regime has transformed indirect tax admini... Read More


CBIC streamlines appeals against tax orders

New Delhi, June 25 -- The government has clarified which authority businesses should approach while contesting decisions relating to tax notices issued by the Directorate General of GST Intelligence (... Read More


Cess on that fancy car may go, but prices won't budge. Here's why.

New Delhi, June 25 -- After eight years of piggybacking on India's goods and services tax (GST), the compensation cess levied on sin goods and luxury items may be finally integrated into GST levied on... Read More


Luxury cess may fold into GST, 12% slab likely to go

NEW DELHI, June 25 -- After eight years of piggybacking on India's goods and services tax (GST), the compensation cess levied on sin goods and luxury items may be finally integrated into GST levied on... Read More


India is not a tariff king, says Nirmala Sitharaman

New Delhi, June 24 -- Finance minister Nirmala Sitharaman on Monday rebutted the label of "tariff king" often used by US President Donald Trump for India, and said the country's effective tariff rates... Read More