The deadline for filing ITRs was initially December 31, 2020, but this was extended for another 10 days till January 10, 2021

A pick-up in luxury real estate has been the silver lining from the pandemic crisis, and with almost everyone banking on a sharp V-shaped recovery with the arrival of the COVID-19 vaccination, 2021 is poised to be a strong one, for high-value home transactions

Chaos at Delhi airport as UK-India flights resume, flyers complain against 7-day quarantine Chaotic scenes were witnessed at the Delhi airport on Friday as many passengers arriving from the UK vociferously complained against the national capital government's belated decision to make seven-day institutional quarantine compulsory for them irrespective of their COVID-19 test results. Passenger flights resumed from the UK to India in limited numbers from Friday onwards after remaining suspended...

Clarifying a December 28, 2020 notification, the Department of Revenue in the ministry said cash purchase of jewellery, bullion and precious gems and stones of value more than Rs 2 lakh is not allowed without KYC in the country for the past few years

The world's second-largest economy is likely to grow 7.9% in 2021, accelerating from expected 1.9% growth in 2020, the IMF said in the conclusion of its annual economic consultation with China

NITI Aayog VC Rajiv Kumar was commenting on the first advance estimates (AE) of national income released by the National Statistical Office (NSO) on Thursday, which projected 7.7 per cent contraction in GDP for the current fiscal year

While India's per capita GDP is estimated to fall 10.5 per cent to $1,877, lowest in five years, Bangladesh will see it going up 4 per cent to $1,888 in 2020. Our neighbouring nation Pakistan's per capita GDP in dollar terms will fall from $1,625 to $1,349 in 2020

Farmers' protest: Sources said not much discussions could take place at the meeting and the next date has been decided after keeping in mind a scheduled hearing of Supreme Court on January 11

As petrol prices reached a new high of Rs 84.2 per liter in Delhi on Jan 7, 2021, the earnings of the Indian government from petroleum sector increased by 94.3% since 2014-15

India's per capita GDP is projected to fall below Rs 1 lakh mark in 2020-21

ITR filing: As per the latest data by the Income Tax India, more than 5.16 crore ITR for AY 2020-21 have been filed till January 6, 2021. Yesterday alone 8,43,506 ITRs were filed

GST department's intelligence wing conducted survey at the offices following fraudulent input tax credit by its vendor  

All sectors, barring agriculture and electricity, are likely to see contraction in FY21, with 'trade, hotels, transport, communication and services related to broadcasting' expecting to see massive contraction of 21.4 per cent

Experts expect that further rally in the market may need the economy to regain its mojo for which the Union Budget will prove to be a ideal platform

The bond has maturity period of 5.5 years and coupon of 1.80 per cent payable semi-annually under Regulation-S, says SBI

In a recent interaction, revenue secretary Ajay Bhushan Pandey had told BusinessToday.In that India is not taxing any transaction outside India, but if any transaction has happened within India, they can be taxed by Indian parliament

The agency finds three issues with India's DST, the first being discrimination against US digital services companies

Despite interest rates being the lowest in over a decade, the pandemic and the resultant economic impact has ensured that loan demand is very low and the system's credit growth is stuttering at about 6 per cent

USTR, releasing the findings of its \"Section 301\" investigations into the digital taxes, said it was not taking specific actions at this time, but \"will continue to evaluate all available options.\"

US Capitol news: Law enforcement authorities struggled to maintain order and National Guard troops were being deployed