Nagpur Supari Traders Raided: Rs 5 Crore Cash, Gold Seized
Income Tax Department's week-long search on Nagpur supari traders uncovers Rs 5 crore cash, 1kg gold, and evidence of large-scale off-book transactions and sales suppression.
Category : GST & Taxation
ITR Filing Automation: India's Progress & Future Steps
Explore how India's tax system is evolving towards automated ITR filing with pre-filled forms, AIS/TIS statements, and digital verification, while addressing challenges for full automation.
Jaipur Traders Object to UD Tax Notices, JMC Responds
Jaipur traders challenge JMC's UD tax notices for shops under 100 sq yards, citing exemptions. JMC Commissioner assures verification and on-site resolution camps.
Ahmedabad I-T Raids Day 3: Real Estate Groups Probed
Income Tax department's search operation in Ahmedabad continues for third day, targeting real estate groups suspected of accepting cash payments. Over 100 officials involved.
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Budget 2026 Priorities for New Tax Law Implementation
As India prepares to implement the Income Tax Act, 2025 from April 2026, Budget 2026 must focus on compliance, digital infrastructure, and dispute resolution rather than tax cuts.
UP STF Busts Rs 45 Crore GST Evasion Racket
Uttar Pradesh STF uncovers massive GST fraud involving over 100 shell companies, arrests kingpin in Delhi. Racket used job-seekers' documents to generate fake invoices worth Rs 248 crore.
Budget 2026: Simplify TDS to Ease Business Cash Flow
With TDS contributing 42% of India's tax revenue, Budget 2026 must simplify the complex withholding system to ease cash flow pressures and compliance burdens for businesses.
Union Budget 2026: Joint Taxation for Married Couples
The Institute of Chartered Accountants of India has proposed allowing married couples to combine incomes and file single tax returns in Union Budget 2026 to provide relief to single-income families.
Major Tax Reforms Completed to Boost Investment and Ease Compliance
The Centre has implemented key direct tax reforms announced in recent budgets, including changes for AIFs, startups, and individuals to enhance investment certainty and reduce compliance burdens.
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US Carveout from Global Minimum Tax Deal Raises Questions
The US secured a carveout from the OECD's global minimum tax framework, allowing its largest companies to use domestic rules instead of the 15% rate. This move tests international consensus on curbing corporate tax avoidance and has implications for India
Budget 2026: Standard Deduction Hike Expectations
Taxpayers await Budget 2026 for potential standard deduction increase in new tax regime. Experts debate hike feasibility amid inflation concerns and fiscal constraints.
SC Denies Tax Relief to Tiger Global in Flipkart Case
The Supreme Court ruled against Tiger Global, stating treaty benefits aren't automatic. The court found the Mauritius investment structure lacked commercial substance and was designed for tax avoidance.
Union Budget 2026: What is Sin Tax?
Explore the concept of sin tax in India's Union Budget 2026. Learn how this substantial levy on tobacco, alcohol, and gambling aims to discourage consumption and influence public health policy.
Quarterly GST Payments to Help Small Businesses
A proposal suggests shifting GST payments to quarterly cycles for small businesses to align tax outflows with actual cash inflows, addressing working capital challenges.
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UP Labourer Gets ₹7 Crore Tax Notice, IT Dept Unaware
A daily-wage labourer from Uttar Pradesh's Hardoi district received a shocking ₹7.15 crore income tax notice. The IT department says it has no record of issuing such a notice to the poor villager.
Gold, Silver Prices Soar to Record Highs on Safe-Haven Demand
Gold and silver prices surged to unprecedented levels on Monday, driven by safe-haven demand amid geopolitical tensions and trade uncertainties.
Delhi Police Probes Rs 374 Crore GST Fraud Cases
Delhi Police's Economic Offences Wing investigates seven GST fraud cases totaling Rs 374 crore, where scammers used stolen identities to create dummy companies for financial transactions.
Delhi HC Quashes 2016 Tax Notices to NDTV Founders
Delhi High Court cancels 2016 income tax reassessment notices against NDTV founders Prannoy Roy and Radhika Roy concerning interest-free loans from promoter entity.
Tax-Free Gifts to NRI Daughter-in-Law: Key Rules
Learn how Indian residents can gift money to NRI daughters-in-law without tax implications. Understand documentation, transfer modes, and clubbing provisions under Indian tax law.
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Budget 2026: Five Tax Reforms for Ordinary Indians
As Budget 2026 approaches, taxpayers hope for simpler compliance, clearer rules, and fairer treatment. Here are five practical changes that could make India's tax system more humane and efficient.
Gold, Silver Prices Soar to Record Highs on Trade Fears
Gold and silver prices surged to all-time highs in international markets on Monday, driven by safe-haven buying as global trade tensions escalate. Spot gold rose 1.6% to $4,670.01 per ounce, while silver spiked 4.4% to $93.85 per ounce.
Tiger Global Tax Ruling: A Warning Against Retrospective Taxation
The Supreme Court's decision on Tiger Global's Flipkart stake sale tax liability raises concerns about retrospective taxation and foreign investment climate in India.
Budget 2026: Senior Citizens May Get Tax Relief, Says Expert
Deloitte India's Tarun Garg expects Budget 2026 to offer healthcare deductions for seniors, possible interest income relief, and tweaks to standard deduction, focusing on fine-tuning rather than major reforms.
Budget 2026: Tax Relief for Senior Citizens Expected
Deloitte's ED Garg suggests targeted tax measures in Budget 2026 could provide relief for senior citizens, potentially easing their financial burden in India.
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Nagpur Supari Traders Raided, ₹2.5 Crore Seized
Income Tax officials conducted a rare weekend raid on areca nut traders in Nagpur, seizing ₹2.5 crore cash and scrutinizing gold jewelry. Multiple agencies may join the investigation.
India Revives Tiger Global Tax Case with Caution
The Indian government plans to reopen tax assessment against Tiger Global's Flipkart stake sale, but will proceed carefully respecting appeal rights. The case involves ₹14,500 crore capital gains.
SC Ruling Revives Tiger Global Tax Case, Investors Review
Income tax department revives assessment for Tiger Global's 2018-19 after SC order on Flipkart stake sale. Investors worry about tax planning implications.
Postal Exports Get Major Boost with New Incentives
CBIC announces export incentive schemes like duty drawback, RoDTEP, and RoSCTL will now apply to postal shipments, boosting MSME competitiveness and cross-border e-commerce.
Deloitte Expert Calls for Customs Reform and GST Fixes in Budget
Deloitte India Partner Saloni Roy says the Union Budget should address customs law gaps, rationalize duties, and support domestic manufacturing by fixing GST issues.
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NPCIL 2026 Recruitment: 114 Jobs at Tarapur Plant
NPCIL has started online registration for 114 technical and administrative posts at Tarapur Atomic Power Station. Apply by February 4, 2026, through the official portal.
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