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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.

Government Caps Trade Margin on Oximeter at 70%

The government, on Tuesday, capped the trade margins of five crucial medical…

7 checkpoints to note before filing ITR for FY 2020-21

The last due date for filing income tax returns for the FY…

GST department busts 23 firms for fake invoices and fraudulent ITC

The Goods and Services Tax (GST) officers have busted a network of…
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All You Need to Know About Initial Public Offerings (IPOs)

With so many Indian startups turning unicorns lately, with some taking the…

India’s New Bad Bank Takes Shape to Reduce Debt Burden

Finance Minister Nirmala Sitharaman announced the formation of a bad bank during…
Tax Exemption

Calcutta High Court: Stay on TDS collection on cash withdrawals

The Calcutta High Court, on 8th July 2021, passed a landmark interim…

Government Lists the Items for Custom Exemption Review

The government has identified items for customs exemptions for further review and…
Tax Exemption

Goodwill depreciation: CBDT inserts new rules for computing STCG and WDV

The Central Board of Direct Taxes notified the computation mechanism of written…

Important changes to the QRMP scheme on the GST portal

The government has introduced the Quarterly Return and Monthly Payment of Taxes…
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Department of Public Enterprise Now Functions Under the Finance Ministry

In a notification dated 6 July, the government has announced that the…