Despite a buzzing economy in India, the drag of weaker exports looms as a potential setback.

India’s economic activity gained momentum in April, driven by record tax collections…

New CBIC SOP issued to conduct scrutiny during FY 2019-20

The CBIC has issued a fresh GST instruction for officers conducting GST…

TDS on online game winnings: Tax deduction methods as per CBDT guidelines.

The CBDT has recently provided guidelines, through a circular and notification dated…

10,000 Fake GST Registrations Identified During the First Week Of The Special Drive by CBIC

Recently, the Central Board of Indirect Taxes and Customs (CBIC) has initiated…

Impact of the Decision to Eliminate Rs 2000 Notes on Indian Economy

India’s central bank has announced that the country will be phasing out…

GST Network will implement Account Aggregator Ecosystem before 1st July 2023

India’s ambitious network of financial data sharing called ‘Account Aggregator’ (AA) will…

Navigating Tax Deductions for Political Party Contributions

The difference between tax saving and tax evasion can become apparent when…

Online ITR 1 and ITR 4 forms for FY 2022-23 (AY 2023-24) are now available on the income tax e-filing portal

Following the release of the Excel utility for ITR 1 and 4…

GST Filers Watch Out! Automated Return Scrutiny is Here

The CBIC has launched the automated return scrutiny module for GST returns…

Government issues 5-point clarification over 20% TCS on international credit card

On Thursday, the Finance Ministry provided a set of Frequently Asked Questions…