Taxes

Every year before the Budget, Finance Minister's kitty gets filled with suggestions and wishes from all the sectors. This year, the real estate sector -- which staged a recovery from 2020's downturn -- expected a range of measures from the upcoming Union Budget 2022-23.

The fintech industry has urged finance minister Nirmala Sitharaman to further liberalise the tax regime for financial sector startups in the budget

The government could consider in the upcoming Budget levying TDS/TCS on sale and purchase of cryptocurrencies above a certain threshold and such transactions should be brought within the ambit ofspecified transaction for the purpose of reporting to income tax authorities, Nangia Andersen LLP Tax Leader Aravind Srivatsan said.

The life insurance industry has recommended creation of a separate bucket for tax rebate under section 80 (C) and make annuity tax-free

Telecom sector wants the government to suspend universal service obligation fund (USOF), which financially supports rollout of telecom services in the rural area, to reduce burden on the service providers.

GST officers have arrested one person for operating a syndicate and issuing fake invoices of Rs 4,521 crore for availing input tax credit (ITC) benefit under goods and services tax, an official statement said on Friday.

Nigeria has lifted its ban on Twitter in the West African country, seven months after the country’s more than 200 million people were shut out of the social media network.

Infosys CEO Salil Parekh has said the company is working closely with the Income Tax Department on the next set of areas related to the I-T portal

The auto components industry body is seeking some relaxation from the central government in the Union Budget, including a uniform Goods and Services Tax rate of 18 per cent on all auto parts.

Government has extended the deadline for filing income tax returns to March 15, 2022

The Income Tax Department has detected unaccounted income of Rs 200 crore after it recently raided two Kerala-based quarry operators, the Central Board of Direct Taxes said on Monday.

The Income Tax Department has detected unaccounted cash transactions of Rs 800 crore after it recently raided three real estate groups in Andhra Pradesh and Telangana, the CBDT said on Monday.

Tax officers will give reasonable time to traders to explain reasons for mismatch in turnover reported in sales return GSTR-1 and tax payment form 3B

Madhya Pradesh-based businessman Shankar Rai and his family in the state's Damoh district were raided on Friday and unaccounted cash worth over Rs 8 crore was recovered, the Income Tax Department has said.

HDFC Bank is the second largest agency bank to the government for collections of direct taxes, and for GST payments.

Every year before the Budget, Finance Minister's kitty gets filled with suggestions and wishes from all the sectors. This year, the real estate sector -- which staged a recovery from 2020's downturn -- expected a range of measures from the upcoming Union Budget 2022-23.

The fintech industry has urged finance minister Nirmala Sitharaman to further liberalise the tax regime for financial sector startups in the budget

The government could consider in the upcoming Budget levying TDS/TCS on sale and purchase of cryptocurrencies above a certain threshold and such transactions should be brought within the ambit ofspecified transaction for the purpose of reporting to income tax authorities, Nangia Andersen LLP Tax Leader Aravind Srivatsan said.

The life insurance industry has recommended creation of a separate bucket for tax rebate under section 80 (C) and make annuity tax-free

Telecom sector wants the government to suspend universal service obligation fund (USOF), which financially supports rollout of telecom services in the rural area, to reduce burden on the service providers.

GST officers have arrested one person for operating a syndicate and issuing fake invoices of Rs 4,521 crore for availing input tax credit (ITC) benefit under goods and services tax, an official statement said on Friday.

Nigeria has lifted its ban on Twitter in the West African country, seven months after the country’s more than 200 million people were shut out of the social media network.

Infosys CEO Salil Parekh has said the company is working closely with the Income Tax Department on the next set of areas related to the I-T portal

The auto components industry body is seeking some relaxation from the central government in the Union Budget, including a uniform Goods and Services Tax rate of 18 per cent on all auto parts.

Government has extended the deadline for filing income tax returns to March 15, 2022

The Income Tax Department has detected unaccounted income of Rs 200 crore after it recently raided two Kerala-based quarry operators, the Central Board of Direct Taxes said on Monday.

The Income Tax Department has detected unaccounted cash transactions of Rs 800 crore after it recently raided three real estate groups in Andhra Pradesh and Telangana, the CBDT said on Monday.

Tax officers will give reasonable time to traders to explain reasons for mismatch in turnover reported in sales return GSTR-1 and tax payment form 3B

Madhya Pradesh-based businessman Shankar Rai and his family in the state's Damoh district were raided on Friday and unaccounted cash worth over Rs 8 crore was recovered, the Income Tax Department has said.

HDFC Bank is the second largest agency bank to the government for collections of direct taxes, and for GST payments.