The fall in corporate tax collections could be because of both the fall in corporate profits due to COVID-19 lockdown as well as reduction in corporate tax rates announced in September 2019

Total expenditure during April-August 2020 was Rs 12.47 lakh crore or 41.03 per cent of budgeted estimate, of which Rs 11.13 lakh crore was on revenue account and Rs 1.34 lakh crore was on capital account

Cleanfix and Schevaran Laboratories will form a new entity CleanfixSchevaran Systems, which will manufacture Swiss-technology backed robotic cleaning machines and solutions for India and for exports

The Central Board of Direct Taxes (CBDT) has further extended the deadline for income tax returns filing from September 30 to November 30

Even as President Trump prepared for his first presidential debate against Joe Biden, the shadow of tax allegations seemed to follow him around. He's being cornered for allegedly paying little or no federal income taxes over the years. Trump, however, has denied any such allegations. Watch the video for more details.

Era Infra sees no immediate closure even after three years, as litigation and procedural delays slow down the insolvency process

While the clarifications were much awaited, some of them may require immediate changes to business processes and the assessees have only one day before the provisions come into effect

Restricted mobility under coronavirus lockdown curtailed consumption and clamped demand that mercilessly pummelled the revenues of around 3,100 companies

In its half-yearly earnings statement, the company said it expects an international arbitral tribunal to shortly give a decree on its challenge to the Indian government seeking Rs 10,247 crore in retrospective taxes

Days after a temporary ban by Google, payments firm Paytm has brought back its IPL-led cashback scheme; The Appointments Committee of the Cabinet has approved the appointment of PD Vaghela as the new Chairman of Telecom Regulatory Authority of India (TRAI); Reeling under severe cash crunch and tepid demand, micro, small and medium enterprises (MSMEs) led by SME Chamber of India have urged the Reserve Bank of India (RBI) to allow banks to undertake cash flow-based lending for the struggling sector. Watch this and more on News Blast.Also Read: Income tax return filing: 5 common mistakes that can get you I-T notice

This year (AY 2020-21) the date has been extended up to November 30, 2020 from July 31, 2020 due to coronavirus pandemic

Vodafone retro tax case: The finance ministry sources said that the government is duty bound to protect public money if there is an attempt to avoid levies by rerouting transactions through tax havens

Speaking at a news conference at the White House, Trump dismissed the report as fake news and said he has paid taxes, though he gave no specifics

Trump, who has fiercely guarded his tax filings and is the only president in modern times not to make them public, paid no federal income taxes in 10 of the past 15 years

The Income Tax Department on Saturday said that scrip-wise reporting is not required for day trading and short-term sale or purchase of listed shares for filing of income tax returns in assessment year 2020-21

The CAG has found that the Union government in the very first two years of the GST implementation wrongly retained Rs 47,272 crore of GST compensation cess that was meant to be used specifically to compensate states for loss of revenue; British telecommunications company Vodafone has won arbitration against India over the retrospective tax demand of Rs 20,000 crore; Medical journal The Lancet, on Friday, said that the government was putting 'too positive spin' on the COVID-19 situation in India, calling on the country's leaders not to give false optimism to people. Watch this and more on News blast.Also Read: COVID-19 pandemic: Global death toll to reach 20 lakh before vaccine is widely used, says WHO

COVID-19 vaccine: China claims WHO gave support, understanding for emergency use programmeThe World Health Organization gave China its support and understanding to start administering experimental coronavirus vaccines to people while clinical trials were still underway, a Chinese health official said on Friday. China launched its emergency programme in July, having communicated with the WHO in late June, according to  a National Health Commission official. Hundreds of thousands essentia...

The Vodafone Group on Friday won the bilateral investment treaty (BIT) arbitration against the Indian government in the Rs 14,200 tax dispute case

Vodafone Idea share gained up to 14.91% to  Rs 10.48 toward the end of session today against previous close of Rs 9.12 on BSE

As per CBDT, there are over 4.6 lakh appeals pending at level of commissioner (appeals) currently; of this, 4.05 lakh appeals, i.e., about 88%, will now be handled under Faceless Appeal mechanism