A three-day-long Income Tax Department raid at the residence of a former Punjab minister has concluded, with officials seizing documents and electronic devices for further investigation into alleged financial irregularities.
As Union Budget 2026 approaches, taxpayers await relief measures. Here's how India's income tax rates, deductions, and capital gains compare with major economies like the US and UK.
As Budget 2026 approaches, experts urge reforms in withholding taxes, dispute resolution, and customs procedures to boost ease of doing business and investment in India.
India's TDS system faces complexity challenges despite recent reforms. This analysis explores rationalization measures to ease compliance burden and improve liquidity for businesses.
India introduces new excise duty based on cigarette length and health cess on pan masala from February 1, marking first major tobacco tax hike in seven years to align with global health norms.
As India approaches Union Budget 2026, experts highlight critical tax reforms needed in refund tracking, NRI property transactions, and capital gains reinvestment to enhance taxpayer experience.
As India prepares for Union Budget 2026, businesses seek crucial tax reforms including flexible ITC, simplified compliance, MSME relief, and customs predictability to boost ease of doing business.
India's 56th GST Council meeting introduced significant rate reductions but created structural issues for industries facing inverted duty structures, particularly in food processing where input services face higher taxes than finished products.
As India prepares for Union Budget 2026-27, reforms to long-term capital gains tax regime are in focus. With new Income-tax Act 2025 implementation, government has opportunity to rationalize capital gains provisions to align with economic objectives.
The Chamber of Tax Consultants commemorates its 100th anniversary with a landmark summit in Mumbai, focusing on tax reforms, digitalization, and professional development.
Haryana revenue department instructs deputy commissioners to ensure immediate submission of pending PAN details for property registrations above ₹30 lakh to I-T department, addressing tax evasion concerns.
Finance Minister Nirmala Sitharaman's ninth consecutive Union Budget tomorrow brings high hopes for income tax cuts. After last year's relief, salaried taxpayers expect increased standard deduction and TDS rationalization.
Explore how tax officials are using classified walks as a strategic tool to enhance tax collection, improve compliance, and streamline administration in India's evolving economic landscape.
As Union Budget 2026 approaches, India's fiscal policies face global challenges. Key expectations include GST reforms for working capital relief, Customs duty rationalization, and dispute resolution schemes to enhance competitiveness.
Income Tax department raids at 40 locations in Jharkhand and Bihar uncover ₹1.20 crore unaccounted cash from rice millers Yogesh Sahu and Gyan Sahu. Assessment of properties and stocks continues.
As the Union Budget 2026 approaches, taxpayers anticipate measures to ease the transition to the new Income-tax Act, 2025. Key expectations include simplified compliance, digital enhancements, and relief for lower-income households amid this major tax ove
A Mumbai writer reflects on paying 35% tax while facing sewage-contaminated water, questioning the returns on high taxation in Indian democracy.
As Budget 2026 approaches, taxpayers anticipate income tax relief. Experts suggest limited changes, focusing on rationalization, TDS adjustments, and standard deduction increases rather than major cuts.
Seven years after GST implementation, India's indirect tax system shows steady revenue growth and improved compliance, though state-level variations persist based on economic structure and digitization.
Punjab taxation department conducted a statewide enforcement campaign, detaining 141 vehicles for verification. Focus was on iron and steel trade hubs with suspected tax evasion through invoice-less movements and GST misuse.
Income-tax department conducted search operations at residential and business premises of rice traders in Gaya and Aurangabad, investigating alleged financial irregularities and disproportionate assets.
Income Tax department conducts raids on 40 premises of Baba Agro Food Limited and Baba Food Processing India Limited in Jharkhand and Bihar, suspecting massive tax evasion. Over 450 personnel involved.
Andhra Pradesh witnesses a sharp decline in branded cigarette availability as retailers struggle with restricted supplies ahead of the February 2026 tobacco tax overhaul, leading to price hikes and grey-market surge.
As more middle-class Indians invest in stocks, mutual funds, and real estate, tax experts urge the government to simplify long-term capital gains rules in the upcoming budget. Key demands include rationalizing asset classifications, easing loss set-off pr
The Coaching Federation of India has requested Finance Minister Nirmala Sitharaman to reduce GST on coaching services to 5% or exempt them completely, citing increased costs for parents and challenges for small centers.
The Federation of Coaching Institutes has formally requested Finance Minister Nirmala Sitharaman to lower GST on coaching services from 18% to 5% or nil, arguing the current rate unfairly burdens parents and students.
India's Economic Survey 2025-26 reveals a major shift in tax strategy with the NUDGE framework, using behavioral interventions to improve compliance and revenue collection through gentle prompts rather than enforcement.
Gold prices reached a new record high of $5,591.16 per ounce, while silver climbed to $119.34, driven by safe-haven demand, Fed policy, and geopolitical tensions.
Ahmedabad faces severe tobacco product shortages as retailers hoard stock ahead of February 1 tax changes. Black market activity surges with inflated prices hitting consumers hard across the city.
Income Tax Department conducts major searches at 15 locations linked to a Surat-based diamond manufacturer and real estate developer, investigating undisclosed earnings and political connections.