New Income Tax Bill: What taxpayers want from Modi government’s latest Income Tax Act - KPMG survey reveals
In July 2024, the government announced a review of the Income-tax Act, 1961, aiming to simplify it for taxpayers. A KPMG ...
Experts hope new I-T bill will end India’s tax dispute drama
A major focus of the new tax bill is likely to be on lowering the number of such disputes by clearly defining provisions and ...
The Financial Express8h
DIIs place big bets on 2 pharma giants. Multibaggers in the making?
While foreign investors have been reducing their exposure to Indian pharma, some leading domestic institutional investors ...
Tax Guru3d
Interest on delayed Income Tax Refunds arising from excess Self-Assessment Tax allowable
These cross appeals are filed by the assessee and the revenue against the order of the Learned Commissioner of Income-tax (Appeals), Mumbai/National Faceless Appeal Centre, Delhi [hereinafter referred ...
Tax Guru3d
Matter remanded for unexplained Cash Deposit ₹49.50 Lakh for verification
Conclusion: Addition against unexplained cash deposit of ₹49.50 lakh was remanded back to AO for verification if the deposits were from business activities, the addition under Section 69A could not ...
Indirect tax to rise by 8.3 pc, corporate tax by 10.4 pc in FY26: Report
India's indirect tax collection is set to grow by 8.3% in FY26, driven by increased GST revenue due to strong urban ...