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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.

Income-tax filers decline by 1% in the fiscal year 2018-19

A report by brokerage firm Kotak Securities has mentioned that only 66.8…

Difference between a tax rebate and tax exemption

As a responsible citizen of the country, you must pay your income…

Government may extend NAA Tenure, Changes to GST

The anti-profiteering framework may stay for two extra years and bring in…

Key Changes to ITR-1 & ITR-2 for FY 2018-19

The new Income Tax Return (ITR) forms for AY 2019-20 have been…

CBDT Deferred Disclosures on Tax Audit Reports by 1 Year

The Central Board of Direct Taxes (CBDT) plans to give businesses time…

IT Raises Tax Rebate instead of Exemption Limit

The income tax department raised the rebate available under section 87A to…

IT department Delays GST and GAAR reporting till March 2020

The IT department in India deferred the requirement for companies to provide…

Indian Government to Tighten Rules on Statutory Audit

The Corporate Affairs Secretary, Injeti Srinivas said that the government is planning…

GST collections in India hits a New Record

Last month, India’s GST revenue reached a new height as the sales…

Complete salary break-up asked in new ITR-2 return form

The Income Tax Department (ITD) has recently released ITR 2 excel utility…