Failing to Comply With Angel Tax Rules May Lead to 200% Penalty

The Government of India has been working towards easing the angel tax…

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…

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…

Centre Might Notify More Classes to File Income Tax Returns

In order to curb tax evasion and widen the taxpayer base in…

Treatment of Transport Allowance for Financial Year 2018-19

Employers compensate for the travel expenses incurred by the employees for travelling…

Unsolved IT litigations pile up at CIT-Appeal level, CBDT focuses

Central Board of Direct Tax (CBDT) is set to focus on litigation…