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Economy

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

US Firms to Pay Extra 300$ Million in Taxes Post GSP Withdrawal

With India having been terminated as a beneficiary country under the Generalised…

Is it possible to reduce the income disparity in India?

Income inequality is the gap between the richest and the poorest. It…

Form CMP-08 Filing Due Date Gets Extended till 31 July

The due date for filing the Form CMP-08 was 18 July for…

Increase in GST Collection of Union Territories/States

On 15 July, the Finance Minister mentioned that the GST collection for…

Traders are hampered due to delay in VAT refunds

The industrial and trading communities in the State of Punjab are considering…

Income tax department may extend ITR filing deadline of July 31

The income tax department is feeling the pressure to grant more time…

FPIs Facing High Surcharge, Government to Work on Solutions

The Modi 2.0 government is planning to provide relief for FPIs or…

Changes in Corporate Tax in India Bring in Dissapointment

Corporate tax in India has seen a trend of increasing tax rates…

GST Council Announces 2-Year Extension of NAA term

Nirmala Sitharaman, the Finance Minister, chaired the 35th GST Council Meet under…

CBDT to Launch E-Assistance Campaign on Income Tax Day

In a move to make e-filing of tax returns after the recent…