Government Prepares Relief Packages to Alleviate the Economy

There has been a considerable economic slowdown in recent times and several…

Ahmedabad ITAT Cleared 628 Pending Appeals Off its Desk

On August 13, 2019, the Ahmedabad bench of the Income Tax Appellate…

New DTC: Speculated to Include Alternate Dispute Resolution Mechanism

More and more speculations are surfacing as the submission date for the…

CBDT Exempts Startups from Angel Taxes on Share Premiums

A recent move ensures that genuine entrepreneurs will not be affected by…

Sharp Decline in Automobile Sales Puts Dealers in a State of Despair

There has been a decline in the sales of automobiles in India…

How Urban GDP can make up to 70%-75% of India’s total GDP by 2020

Recently, many people from rural areas are migrating to nearby cities for…

RBI: 11 Banks Get a Penalty of Rs.8.5 Crore for Failing to Report Fraud

The Reserve Bank of India (RBI) announced that a total penalty summing…

Rajiv Kumar appointed as the new Finance Secretary

Rajiv Kumar, the former Secretary of the Department of Financial Services, was…

What are the focus areas to rectify the income inequality in India?

Oxfam’s 2018 inequality report states that the wealth held by the Indian…

Tighter Tax Rules on Religious and Education Trust Income

The income of religious and education trusts is mostly tax-free. That is,…