Every penny of reduction in tax outflow boosts your return. If your expected long-term capital gain is below Rs 1 lakh, your gains will be completely exempted and hence you would not need to go for any additional effort to save taxes

NASSCOM recommended extending concessional corporate tax rate to all new IT-BPM units incorporated in SEZs that commence operations within a set period and commit to createcertain number of jobs

Out of the 215 arrests so far, there are 71 masterminds, 81 proprietors, 36 director/managing directors, 15 partners, 3 CEOs, 6 chartered accountants and one each of company secretary, broker, and GST practitioner

Over 5.01 crore Income Tax Returns for AY 2020-21 have already been filed till 04th of January, 2021, the Income Tax Department said in a tweet

Traders' body FAIVM advocated levying income tax on partnership firms and limited liability partnerships at 22 per cent instead of the present 30 per cent, bringing it at par with corporate tax rate

Over 4.84 crore Income Tax Returns for AY 2020-21 have already been filed till 31st of December, 2020, the Income Tax Department tweeted

The government has decided to provide further time to the taxpayers for furnishing of Income Tax Returns, tax audit reports and declaration under Vivad Se Vishwas Scheme

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

The government had notified certain changes to the GST Rules on December 22 and some of the rules are set to be applicable from January 1 next year

CBIC on December 24 notified certain changes to the GST rules, asking businesses with a monthly turnover of over Rs 50 lakh to mandatorily pay at least 1 per cent of their GST liability in cash

FPIs invested a net Rs 56,643 crore into equities and Rs 3,451 crore into debt instruments between December 1-24

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

CAIT, in a letter to Sitharaman, has drawn her attention towards Section 86B, saying that \"it is a counter-productive step which will load the traders further with burden of compliance and also much financial obligation\"

The Central Board of Indirect Taxes and Customs (CBIC) has notified certain changes to the Goods and Services Tax (GST) Rules, bringing in stringent conditions for getting GST registration as well as for businesses to settle tax liability using input tax credit

India has challenged Vodafone arbitration award in Singapore on Dec 21; Centre recently discussed Vodafone tax dispute award at highest level, including with Prime Minister Narendra Modi

Several studies throw up structural, logistical and financial challenges to the growth of crop insurance in India, jeopardised by apparent profiteering by insurance companies

'Infinite India' will seek to eliminate the need for coordinating with multiple touchpoints thus leading to a hassle-free experience for foreign companies in India

The government has notified on Tuesday the recommendations of the Law Committee of the GST Council in order to control the menace of GST fake invoice frauds

The Rs 16,000-crore share buyback programme will close on January 1, 2021

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