Unfavourable base: Export growth crashes to 0.8% in November.
Merchandise export growth crashed to just 0.8% in November from almost 18% in the previous month, as the outbound shipments of products —...
Mumbai: Steel co director held for Rs 333 crore GST fraud
MUMBAI: The Central Goods and Service Tax and Central Excise has unearthed a case where three companies fraudulently claimed a credit of...
'No tax benefit on house sale if new flat is in wife's name'
MUMBAI: The Income-Tax Appellate Tribunal (ITAT)'s Mumbai bench recently denied a taxpayer I-T benefits available when long-term capital...
GST evasion worth Rs 12,000 crore detected between April-November
The government has detected GST evasion worth Rs 12,000 crore in 8 months till November, a senior tax official said Wednesday. Central...
Good jump! Corporate tax collection up 18 per cent in April-November, fastest in five years
Corporate tax (CIT) collection grew an impressive 18.3% in April-November of FY19, the fastest pace in at least the last five years,...
No tax on up to Rs 50k interest for senior citizens
MUMBAI: The Central Board of Direct Taxes (CBDT) has learnt of instances where banks wrongly deducted tax at source (TDS) on interest...
India likely to offer GST relief for the BPO Industry
India could soon offer some relief to the back-office support sector that is rattled by the recent Authority for Advance Ruling (AAR)...
Government extends GST annual return filing date to March 31, 2019
Days before the final deadline of December 31, 2018 to file GST Annual Return, the government has announced an extension by three months...
Government may infuse RS 2,000cr in loss-making non-life PSUs
NEW DELHI: The government is likely to come out with a proposal for recapitalisation of loss-making public sector non-life insurance...
GST on third-party motor cover may dip
NEW DELHI: The government will soon bring a proposal before the GST Council to reduce tax on the premium being paid by vehicle owners for...
