Factoring in bank charges, conversion rate and taxes, the real rate of return on your overall investments may not be as attractive as it appears on the paper

CBIC says new rule will help control those who issue fake invoices and show high turnovers but have no financial credibility; CAIT urges Finance Minister Nirmala Sitharaman to defer its implementation and terms it a \"counter-productive\" measure

While refunds for 'risky' exporters have been a contentious issue, tax consultants with sizeable client base said that technical glitches are also being cited for pending GST refunds

Coronavirus lockdown in India updates: A case has been registered at Bandra Police station under section 143, 147, 149, 186, 188 of Indian Penal Code, read with Section 3 of Epidemic Act, against 800-1000 unidentified people

COVID-19 impact: This move is expected to benefit 14 lakh taxpayers; pending GST and custom refunds will also be issued immediately to 1 lakh taxpayers

Live updates on India coronavirus: Essentials will be delivered door-to-door in sealed coronavirus hotspots in Delhi; list of sealed areas to be released tomorrow

It also extends date till June 30 for passing of order or issuance of notices by the authorities under various direct taxes and Benami law. Besides, date for 'Vivad Se Viswas' scheme has also been extended by three months till June-end

Budget 2020: In today's speech, the FM broke her own record and delivered the longest Union Budget speech, which was 159 minutes long

Union Budget 2020 Live Updates: PM Modi says budget will increase income, investment, demand and consumption, and will bring new vigor in financial system and credit flow

Budget 2020: The government's budget focus on infrastructure development of Tier 2 and 3 cities was expected to trigger the next round of urbanisation in the country and create large scale employment

Refunds of over Rs 28,000 crore are said to have been filed by over 27,000 taxpayers so far on account of inverted duty structure in the current year

Income Tax Department has also rolled back its decision to bar taxpayers who deposited more than Rs 1 crore, spent Rs 2 lakh on foreign travel, and paid electricity bills over Rs 1 lakh from filing ITR-1 Sahaj

ITR-1 Sahaj is used to file returns by ordinary resident individuals whose total income does not exceed Rs 50 lakh. Form ITR-4 Sugam is meant for resident individuals, HUFs and firms except LLPs with a total income of up to Rs 50 lakh and presumptive income from business and profession

GST Council Meeting: FM Nirmala Sitharaman said that she heard the concerns raised by state finance ministers who are worried that Centre will not be able to meet its compensation obligations to states

Union Finance Minister Nirmala Sitharaman announced introduction of remission of duties for export products (RoDTEP) to replace the existing merchandise exports from India scheme (MEIS). Revenue foregone for implementation of RoDTEP would be Rs 50,000 crore

India's exports have declined 9.71 per cent to $25.01 billion in June 2019 as compared to $27.7 billion in June 2018. It becomes all the more difficult as the global trade environment is far from being export friendly

GST Council Meet Live Updates: The all-powerful GST Council decided to extend the tenure of National Anti-profiteering Authority (NAA) for a period of two years, whereas rate cuts for electric vehicles has been sent to fitment committee.

Here's what the who's who of India Incorporated has to say to Modi 2.0 government which is supposed to take on several economic challenges in near future.

Sonia Gandhi has also got at least five refunds since the assessment year 2001-02, but there is no adjustment against any outstanding demand for her in this time period