Category : Search result: income growth


Disclose Foreign Assets in Revised ITR by Dec 31

Indian taxpayers can still disclose foreign income & assets by filing a revised ITR before December 31. Learn about Schedule FA, FSI, and how to avoid heavy penalties under the Black Money Act.

ITAT Restores NRI Appeal After 621-Day Email Error

Ahmedabad ITAT restores an NRI's tax appeal despite a 621-day delay, citing notices sent to a wrong email address. The ruling highlights the need for accuracy in the faceless appeals process. Read more.

India's Q3 GDP Growth Hits 8.4%, FY24 Forecast Raised

India's economy grew at a stellar 8.4% in Q3 FY24, the fastest in six quarters. The government revised its full-year growth estimate upward to 7.6%. Discover the key drivers and what this means for Asia's third-largest economy.

IT Dept's New Campaign for Overseas Assets Disclosure

Income Tax Department launches second NUDGE campaign targeting 25,000 high-risk cases with overseas assets. Taxpayers must disclose foreign assets by Dec 31 to avoid heavy penalties under Black Money Act.

India's Economy on Strong Growth Path: S&P

S&P Global Ratings forecasts robust 6.5% GDP growth for India in FY26, rising to 6.7% in FY27. Tax cuts and monetary easing to fuel consumption-led expansion despite global headwinds. Read more.

India Fastest-Growing G20 Economy: Moody's Report

Moody's Analytics projects India will maintain 7% growth in 2025, retaining its position as the fastest-growing G20 economy. Discover what's driving this robust economic performance.

Direct Tax Collection Up 7%, Refunds Down 17.7%

India's net direct tax collection surges 7% to over ₹12.9 trillion for the current fiscal year, while refunds see a significant 17.7% decline. Get the full details on this economic boost.

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