The Central Board of Direct Taxes (CBDT) has released updated TDS (Tax Deducted at Source) rates for the financial year 2024-25.

Central Board of Direct Taxes (CBDT) has decided to extend the specified date for filing of various reports of audit for the Previous Year

Finance Ministry Notifies Effective Dates for Various Provisions of the Finance (No. 2) Act, 2024

Vedanta, a prominent player in the mining industry, recently has been levied a penalty of Rs 3.48 crore in connection with a case pertaining to input tax credit utilization during the financial periods spanning from 2018-19 to 2019-20. This hefty penalty, amounting to millions, was confirmed by the Office of the Additional Commissioner, GST & Central Excise Commissionerate, after a thorough examination of the company's tax affairs. The crux of the matter revolves around Vedan

If you have not received your income tax refund so far, there is good news for you. The Income Tax (I-T) Department has set April 30 as the deadline for approving pending refunds. The department has prepared an interim action plan for  tax refunds in this fiscal and set a timeline for various actions related to taxpayers, sources said.  “Approval of pending refunds has been placed under immediate action. The aim is to approve all pending refunds by April 30, 2024, which were

Amidst the rampant dissemination of misinformation on various social media platforms regarding the implications of the newly introduced tax regime, the Finance Ministry has intervened with a concerted effort to rectify misunderstandings. In undertaking this initiative, the Ministry endeavors to comprehensively address the concerns raised and to furnish taxpayers with an accurate understanding of the recent tax reforms. Through this proactive approach, the Ministry seeks to di