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Economy

2096 posts

Stay updated on direct tax and indirect tax, income tax returns, GDP, government policies and schemes, and breaking news on due dates and extensions.

IT department to allow payment of tax assessment demands in instalments

The income tax department had raised tax demands in the tax assessments…

Now, pay a single premium for multiple cars you own

Owners of multiple vehicles will soon be able to pay a single…
GST

Government makes an upward revision to the GST revenue targets

The Ministry of Finance has raised the bar for the GST collections…

Issuing e-Invoices Under GST – May Not Be Mandatory for Banks and Telcos

In a recent development, institutions such as banks, airlines, armed forces, insurance…
Tax

Government considering 2-year holding period for LTCG tax

The government is seeking advice from tax experts on the long-term capital…
Corporate tax

Two-level Revisional Authorities set up under GST law

The Goods and Services Tax (GST) has evolved over the last three…

Credit Balances Grow Amid the Economic Slowdown

India is reportedly witnessing an increase in consumption of lending products such…
GST Revenue

Claiming fake ITC may become a non-bailable offence for buyers

The government is taking continuous steps to plug revenue leakages to achieve…
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Gold rate

Gold bonds open for subscription now, know income tax benefits

The latest portion sovereign gold bonds (2019-20 — Series VIII) has been…

Government considering hike in the tax deduction limit under section 80C

The government is looking into a proposal to enhance the deduction limit…