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Corporate bond issuances rise 8% to Rs 6.3 lakh crore till October this fiscal: SBI report

EAM Jaishankar meets Qatar Amir, reiterates commitment to strengthening ties

India's forex reserves drop by $2.7 billion to $687 billion in a week

FM Nirmala Sitharaman to resume pre-Budget consultations with industry stakeholders from November 18

The number of people filing income tax returns (ITR) in India has grown by over 32 per cent in the past five financial years, the Parliament was informed on Tuesday.

ITR filers grow by 32% in 5 years: Government

If you file your ITR after the deadline, you need to pay a penalty of up to Rs 5,000 and may face some other consequences.

ITR Filing 2025: What happens if you miss filing your income tax return before the deadline? Penalty and other things to know

With 100 per cent FDI permitted under the automatic route in shipping and shipbuilding, and fiscal incentives offered by the International Financial Services Centre (IFSC) at GIFT City, India presents a compelling case for global maritime investors, a top government official has said.

India presents a compelling case for global maritime investors: Government

 Professional tax is a tax that is charged by the state's commercial tax department on people who earn a salary in that state. Employers are responsible for deducting this tax from employees' salaries before paying them. Since this tax is set by each state, the rules, rates, and deadlines vary from state to state. Different income groups are required to pay different amounts of professional tax. People living in Union Territories do not have to pay this tax.

Professional Tax Explained: Meaning, TDS Differences & States That Impose It | Personal Finance 

In the current assessment year (2024-25) till February 28, around 464,000 updated ITRs have been filed and taxes of Rs 431.20 crore paid, the minister said.

 Centre mops up extra Rs 9,118 crore as 9 million taxpayers file updated ITRs

The Budget has focused on reviving consumption by increasing the income threshold and relaxing the tax slabs.&nbsp;

Tax cuts to spur discretionary consumption especially among salaried people: Report

As India's Union Budget 2025 approaches, speculations are high about the government’s move on taxation and the allocation for various sectors. Finance Minister Nirmala Sitharaman will present Budget 2025 in Lok Sabha on February 1. There are various taxes that you may not be aware of, one of them is a Sin Tax. Let's understand how it can help people quit bad habits like consuming alcohol, tobacco products, and other harmful intoxicants.

Budget 2025: What is Sin Tax? All you need to know before upcoming Union Budget

The India Energy Storage Alliance (IESA) has proposed that all new technology batteries be taxed uniformly at a 5% GST rate. This move aims to simplify the taxation structure and boost the adoption of energy storage technologies. IESA believes that a single tax rate across all battery types will benefit the renewable energy and electric vehicle sectors.

IESA Calls for 5% GST on All Batteries

GST Council on Saturday agreed to issue a clarification on taxation of popcorn, saying that pre-packed and labelled ready-to-eat snacks will attract a 12 per cent tax while an 18 per cent GST will be levied if it is caramelised.

GST Council clarifies on popcorn taxation

It would also include cases pending before the Dispute Resolution Panel (DRP) and revision petitions pending before the Commissioner of Income Tax.

IT department issues guidance note on Vivad Se Vishwas dispute resolution scheme

Budget 2024: The government is set to table its first full budget after elections and the wish list of taxpayers is as long as ever. This is especially so as the government did not make any key changes in the interim budget as it was a Vote on Account budget.



Budget 2024: How can Budget make the new income tax regime more attractive for salaried tax payers?

In a stock exchange filing, the fast-moving consumer goods (FMCG) major said the “demand is not maintainable and it is in the process of preferring an appeal and rectification against the said order”. 
&nbsp;

Tata Consumer gets Rs 171.83 crore tax demand from I-T department

Preparations for Budget 2024-25 begin, pre-budget meeting with economists chaired by Finance Minister Nirmala Sitharaman..

Budget 2024-25 Preparations Underway: Pre-Budget Meeting Led by Finance Minister Nirmala Sitharaman

To make the helmets more affordable and enhance road safety, International Road Federation demands no GST on helmets.

International Road Federation wants no GST on helmets to make it more affordable

The paper titled 'Proposals For a Wealth Tax Package to Tackle Extreme Inequalities in India' propose a comprehensive tax package on the ultra-wealthy to tackle the massive concentration at the very top of the wealth distribution and create valuable fiscal space for crucial social sector investments.&nbsp;"Raise phenomenally large tax revenues while leaving 99.96 per cent of the adults unaffected by the tax.

India should impose tax on ultra-wealthy to tackle wealth inequality, says study

The report stated that the government is&nbsp;considering levying additional tax on every load, including mobile and data load. The data of non-filers was handed over to the Pakistan Telecommunication Authority (PTA).

Pakistan government imposes additional tax on non-filers for mobile loads, bundles

China's tax revenue dropped 4.9&nbsp;per cent&nbsp;to 4.9 trillion yuan ($676.48 billion) in the first three months, but revenue from cultural, tourism and advanced manufacturing industries grew fast, Wang Dongwei, vice finance minister, told a press conference in Beijing on Monday.

China's Q1 fiscal revenue falls as tax cut policies weigh

&nbsp;The Reserve Bank of India (RBI) had advised customers as well as merchants of Paytm Payments Bank Ltd (PPBL) to shift their accounts to other banks by March 15.

'One Vehicle, One FASTag' norm comes into force

Budget 2024: Last year i.e. in Budget 2023, the new tax regime was made even more attractive by declaring it as the default scheme. But this time people need even more relief on tax. Know in this video whether your tax free savings will increase in Budget 2024?

Money Guru: Will the tax burden reduce or will there be some changes in the tax slabs? , budget 2024

Here’s a list of some of key changes set to come into force with effect from the new year, January 1, 2024:

New rules from January 1, 2024: From SIM Cards to income tax returns (ITRs), here’s a list of changes you need to know

The number of people filing income tax returns (ITR) in India has grown by over 32 per cent in the past five financial years, the Parliament was informed on Tuesday.

If you file your ITR after the deadline, you need to pay a penalty of up to Rs 5,000 and may face some other consequences.

With 100 per cent FDI permitted under the automatic route in shipping and shipbuilding, and fiscal incentives offered by the International Financial Services Centre (IFSC) at GIFT City, India presents a compelling case for global maritime investors, a top government official has said.

In the current assessment year (2024-25) till February 28, around 464,000 updated ITRs have been filed and taxes of Rs 431.20 crore paid, the minister said.

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ITR filers grow by 32% in 5 years: Government

ITR Filing 2025: What happens if you miss filing your income tax return before the deadline? Penalty and other things to know

India presents a compelling case for global maritime investors: Government

Professional Tax Explained: Meaning, TDS Differences & States That Impose It | Personal Finance

Centre mops up extra Rs 9,118 crore as 9 million taxpayers file updated ITRs

Tax cuts to spur discretionary consumption especially among salaried people: Report

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