On successfully undertaking the ULBs reforms, Andhra Pradesh and Madhya Pradesh have been granted permission to mobilise additional financial resources to the tune of Rs 4,898 crore through open market borrowings

As per the I-T department, Income Tax refunds of Rs 47,608 crore have been issued in 1,16,07,299 cases and corporate tax refunds of Rs 1,03,255 crore have been issued in 2,01,796 cases

International arbitration tribunal has asked India to pay Rs 8,000 crore as damages to Cairn; winning of case ends one of the most high profile disputes in India

The I-T Department said that 'Jhatpat Processing' feature has already been started for ITR-1 and 4 forms and taxpayers can file their I-T returns for AY 2020-21

Other recommendations include extending tax deduction on product development, providing deemed export status to Indian industry under the global bidding of procurement, ECGC coverage to the banks for export finance, and higher budget allocation to the Department of Commerce

The commission agents allege that this is a way to thwart them from raising voice in support of the farmers as the deadlock between the Centre and farmers continues

Subbarao mentioned that previously, finance ministers were advised to cut spending. However, in Sitharaman's case, the advice has always been to \"spend more\", still leading to an ironic result of a slumped economy

Subbarao mentioned that previously, finance ministers were advised to cut spending. However, in Sitharaman's case, the advice has always been to \"spend more\", still leading to an ironic result of a slumped economy

The Central Board of Direct Taxed (CBDT) has extended the last date for filing ITR for FY 2019-20 to December 31 in view of the pandemic

The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 1,45,619 crore to more than 89.29 lakh taxpayers between April 1 and December 8.

CBDT has said one cannot benefit from the scheme in a case where proceedings are pending before Income Tax Settlement Commission (ITSC) or where writ has been filed against the order of ITSC

Issue was recently discussed at a meeting in which PM Modi was also present but final decision will most likely be taken in next meeting after weighing in all pros and cons

The I-T department has detected undisclosed income of Rs 450 crore after it searched an IT SEZ developer, its former director and a stainless steel supplier based in Tamil Nadu

\"One can claim HRA exemption and interest deduction on a housing loan simultaneously if one satisfies all of the conditions for claiming so,\" says Kapil Rana, Founder & Chairman, HostBooks Ltd. Let us understand the conditions that will allow you to claim both the tax benefits together

If the arbitration award in the Cairn cases goes against India, the government has to pay the British firm over Rs 7,600 crore to reverse the dividend and tax refund it had ceased and shares it sold to recover part of the tax demand

Who wouldn't like winning money in game shows like Kaun Banega Crorepati or Dream11? But before you get it, the tax man will axe your earnings. Same is the case with cashbacks you receive on online shopping. How much could the tax be? Can you seek some tax relief? This video explains all about it.Also Read: RBI's proposal to allow corporate entry into banking a 'risky proposition', says S&P Global

These suggestions by GST Law Committee could make GST registration tedious, which would lead to smaller businesses refraining from registering themselves under the indirect tax regime

The Director General of GST Intelligence (DGGSTI) had rejected P V Rao's request for recording statement through video conferencing, after which he moved high court seeking relief in this regard

Central Information Commission's ruling came against an appeal filed by Rahmat Bano of Jodhpur after the I-T department held that the information sought by a wife on her husband's income belonged to a third party

This includes Personal income tax (PIT) refunds amounting to Rs 35,750 crore and corporate tax refunds of over Rs 1 lakh crore during this period