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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.

GST Provisional Attachment Order Loses Validity After One Year

The Delhi High Court bench held that every provisional attachment order issued…
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Is ICAI’s Statutory Monopoly in Jeopardy? Here’s What the Parliamentary Panel Has Recommended

The Parliamentary Panel has endorsed the proposed revamp of the Institute of…

PLI Scheme to Account for 13-15% CAPEX

The Production Linked Incentive (PLI) scheme will account for 13-15% of the…
GSTR-9

CBIC issues SOP for GST return scrutiny belonging to FY 2017-18 and FY 2018-19

The Central Board of Indirect Taxes and Customs (CBIC) has issued detailed…

5 Methods to Verify Your Income Tax Return Other Than by Aadhaar

Filing your income tax return (ITR) does not end when you submit…

Centre Committed to Early Fund Release to States

On Monday, the Finance Minister, Nirmala Sitharaman, stated that the Central Government…

Taxability of leave encashment and gratuity received by NRI

Whether you need to pay tax in India will depend on your…

GST rate rejig may get delayed: GoM suggests a single 15% GST instead of 12% and 18%.

The government may delay restructuring the Goods and Services Tax (GST) rate…

Punjab & Haryana High Court: ITC Available on Evaporation Loss of Petroleum Products

The Punjab and Haryana High Court has ruled that the taxpayers can…
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Asset Monetisation Policy to Focus on Mines and Road

The Centre will focus on monetising mineral blocks and coal, urban real…