Budget 2020: Expectations were that Sitharaman, who had in September last year cut corporate tax rates to their lowest to boost economic growth, would announce similar sops for individual taxpayers

Chief Justice of India SA Bobde said tax judiciary plays a very important role in resource mobilisation of the country and expressed concern over pendency of cases

Union Budget 2020: The need of the hour is long-range agricultural policy and programmes which could remove the bottlenecks for agri-warehousing and facilitate easy credit for farmers

In the last quarter of the financial year, the government departments have been asked to cut one-fourth of their annual revenue expenditure. That's because almost every earning-side indicator is showing a shortfall over budget estimate

CBIC also said in its statement that more than 2 lakh GSTR-3B returns (for the tax month of December) were filed on January 21 (till 12 pm)

Budget 2020-21: Once the printing of Budget documents begin, the personnel locked inside the Finance Ministry are not allowed to communicate with the outside world, even their families, in any manner

The Central Board of Indirect Taxes and Customs had extended the deadline to January 17 from the earlier January 10 deadline

Department of Revenue has also sent alerts to around 40,000 companies for excess ITC, availing it fraudulently and other tax-related wrongful issues

If in the current situation the government does not cut welfare spending or increases taxes, it would need to increase borrowing to inject cash into the market

The government has budgeted for a fiscal deficit of Rs 7 lakh crore, and based on its nominal GDP target of Rs 211 lakh crore at 12% growth, the fiscal deficit was estimated to be 3.3% of the GDP

In the last Budget, its fiscal deficit target for 2019-20 was revised to 3.3 per cent from the earlier 3.4 per cent, which seems unattainable now due to deficient tax revenue

The government policy with reference to direct taxes in the medium term is to phase out tax incentives, deductions, and exemptions while simultaneously rationalising the rate of taxes

As per the tax notice issued by the taxman, the agency has invoked section 65 of the Central Goods and Services Tax (CGST) Act for an audit of accounts and records from July-March of 2017-18 or from the date of the last audit to FY18

As per the data released by the Ministry of Statistics and Programme Implementation, the real GDP is expected to grow by 5 per cent in financial year 2019-20 against 6.8 per cent last year

The Indian economy is going through one of its longest spells of slowdown - six quarters and counting

Will the Narendra Modi government announce a populist Union Budget to arrest the economic slowdown? Will Budget 2020 offer tax sops and income tax relaxation to stimulate demand? Unlikely, says Bibek Debroy, Chairman, Economic Advisory Council to the Prime Minister (EAC-PM)

Pessimism rules as corporate leaders expect a dull Budget and below 5 per cent growth in 2019/20, finds the latest Business Today-C fore Business Confidence Survey

Prescriptions from top experts in business, economics, politics and taxation

As many as 7,100 cases, accounting for Rs 1.7-lakh crore tax litigations, are yet to make up their mind on Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019; the deadline to avail the scheme is January 15

Private consumption, which is one of the largest contributors to GDP growth, has seen moderate growth in the current financial year