While government claims on tax compliance and GST collections paint a healthier picture of the economy, tax-to-GDP has fallen for two consecutive years and tax collections across the board in the first half of FY21 are nowhere close to FY20, indicating that trouble is far from over

If you are a Dream11 team player you must know the money you win is not entirely yours. The prize money is your income from other sources that will attract taxes just like your primary income. Prize money in Kaun Banega Crorepati is also taxed

Finance Secretary Ajay Bhushan Pandey said the generation of e-way bills has gone up 21 per cent in October, while the number of e-invoice generation has touched 29 lakh IRNs a day

The deadline for filing income tax returns (ITR) for financial year 2018-19 has been extended by two months till November 30

To boost the consumption and offer an alternative to the employees, the government has come up with special cash package in lieu of the LTC

\"The biggest concerns of the business owners of micro and small enterprises are payment of bonus and cash advances to staff during the ensuing festival seasons,\" says KE Raghunathan, Convenor of Consortium of Indian Associations

Candidates applying for the fellowship must have a PhD in banking, finance, economics or related to the BFSI sector. Applicants also should have a minimum of three years' post-qualification work experience in teaching or research work

The finance secretary said that some major industrial states have shown very positive growth percentage in GST collection which is indicative of the process of economic recovery being on track

Of the gross collection, CGST is Rs 17,741 crore, SGST is Rs 23,131 crore, IGST is Rs 47,484 crore (including Rs 22,442 crore collected on import of goods) and cess is Rs 7,124 crore (including Rs 788 crore collected on import of goods)

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

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

RBI's new guidelines for credit and debit card companies will come into effect on October 1; Centre has said maintenance of vehicular documents, including driving licences and e-challans, will also be done online from tomorrow

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

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

An Letter of Request (LoR) is a formal communication sent in writing by a court to a foreign court or concerned judicial authority in cases where probe or judicial proceedings are pending

Government told Lok Sabha that it has taken several steps for timely detection of tax evasion, including searches and seizures, surveys, enquiries, assessment of income, levy of taxes, penalties, and filing of prosecution complaints in criminal courts

Not only India's relief packages are grossly inadequate it is not even spending enough to revive demand in the crisis-hit economy; what is needed is clear: more fiscal spending, not \"keeping the power dry\" for future stimulus or unrealistic claim of a V-shaped recovery

The government will levy 5 per cent tax on foreign remittances, subject to riders, starting October 1

Financial services would be made available from October. Bank customers would be able to avail these services at nominal charges

The Income Tax department has already provided a functionality 'Verification of applicability u/s 194N' for banks and post offices since July 1, 2020