Taxpayer base soars, but return filings lag sharply: CBDT data

New Delhi, Nov. 27 -- India's income tax base is growing faster than the number of those conscientiously filing returns, driven by the expanding reach of the tax deducted at source (TDS) system, accor... Read More

After rate cuts, GST Council moves to tackle inverted duty anomalies

New Delhi, Nov. 25 -- After slashing goods and services tax (GST) rates in September, the Centre and states are now gearing up to fix the tax system's next fault line-inverted duty structures, accordi... Read More

Inverted duty fix is next on Centre's GST agenda

New Delhi, Nov. 25 -- After slashing goods and services tax (GST) rates in September, the Centre and states are now gearing up to fix the tax system's next fault line: inverted duty structures. The GS... Read More

Bankrupt tycoons, managers face Rs.4 trillion of claims from creditors for past wrongs

New Delhi, Nov. 24 -- While creditors handhold bankruptcy resolution and recover debt from rescue packages, dubious pre-bankruptcy deals are building up a mountain of claims in the background. Credit... Read More

Claims on dubious pre-IBC deals swell

new delhi, Nov. 24 -- While creditors handhold bankruptcy resolution and recover debt from rescue packages, dubious pre-bankruptcy deals are building up a mountain of claims in the background. Credito... Read More

Govt mulls tower-level insolvency to save homebuyers from delays

New Delhi, Nov. 22 -- The government and the Insolvency and Bankruptcy Board of India (IBBI) are examining if the proposed framework tailored for real estate sector should attempt to resolve financial... Read More

ED seizes Rs.1,452-crore assets in Reliance Communications money-laundering case

New Delhi, Nov. 20 -- India's directorate of enforcement (ED) said on Thursday it has attached multiple properties worth Rs.1,452 crore, in an alleged money-laundering case involving Reliance Communic... Read More

ED seizes Rs.1,452-crore assets in Reliance Communications loan fraud probe

New Delhi, Nov. 20 -- India's directorate of enforcement (ED) said on Thursday it has attached multiple properties worth Rs.1,452 crore, in an alleged money-laundering case involving Reliance Communic... Read More

IBBI proposes asset valuation format to reduce bankruptcy litigation

New Delhi, Nov. 20 -- The Insolvency and Bankruptcy Board of India (IBBI) has proposed a new format for professionals valuing distressed assets to make reports uniform, credible, and reduce debt resol... Read More

After October GST cloud, await the November shine

New Delhi, Nov. 20 -- India's Goods and Services Tax (GST) revenue is poised for a strong recovery in November, limiting the impact of the September rate cuts on state and central revenues, according ... Read More

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