The net direct tax collection of the government registered a significant growth of 19.54 per cent in financial year 2024-25, amounting to Rs 5,74,357 crore by July 11, highlighted the data by the income tax department.
The Directorate of Enforcement (ED) Mumbai has provisionally attached assets worth Rs 14.02 crore of five accused under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA) in the case of an Income Tax Refund fraud of Rs. 263 crore.
A book titled 'The Mosaic', a compilation of poems, written by Indian Revenue Service (IRS) officer Swati Chopra, was released by Bansuri Swaraj, a member of parliament and Hardayal Singh, Former Chief Commissioner of Income Tax at India International Center on Thursday.
The Central Bureau of Investigation (CBI) has arrested a Superintendent and an Inspector from the Central Goods & Services Tax (CGST) office in Solan, Himachal Pradesh, for demanding and accepting a bribe of Rs 8,000 from a complainant.
The US-India Tax Forum has submitted its recommendations on tax amendments for the Union Budget 2024-25, to be presented by the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, on July 23. The Tax Forum said it was recently invited to present industry recommendations on
Chairperson of PFMA, Asim Raza said that the measure has made flour mills withholding agents for tax collection. He said the tax is expected to increase flour prices by Pakistani Rupees (PKR) 8 per kg
According to a press release, the company's assets under management (AUM) surged by 59 per cent year-on-year, reaching Rs 69,018 crores. Revenue grew by 38 per cent to Rs 245 crores, while profit before tax (PBT) increased by 40 per cent to Rs 99
Mumbai (Maharashtra) [India], July 11: SGS is pleased to announce that it will offer the EN15343 plastic recycling traceability and assessment of conformity and recycled content product certification scheme across India, Bangladesh and Sri Lanka, following accreditation from ENAC, granted to
Pune (Maharashtra) [India], July 10: Bajaj Markets, a leading financial marketplace in India, is committed to simplifying financial processes for its users. As the July 31st deadline for filing Income Tax Returns (ITR) for the financial year 2023-24 approaches, the marketplace is offering a
The SBI report adds that the various avenues of income for the government such as corporate tax, income tax, customs duty, excise duty, Goods and Services Tax, Net tax revenue, and non-tax revenue have shown a better than estimated revenue collections not only in FY24 but also in the first t
Mumbai (Maharashtra) [India], July 9: Skorydov, the innovative force behind www.myITreturn.com, is excited to announce the launch of their groundbreaking new mobile app designed to simplify and revolutionize how Indians file their Income-tax returns. This innovative app is the first-of-its-k
New Delhi [India], July 9: Tax season is upon us again in India! While some individuals may feel comfortable navigating the intricacies of filing income tax returns (ITR) themselves, many others seek the guidance of a chartered accountant (CA).