India Aims for 1 Billion UPI Transactions Daily: FM Sitharaman’s Bold Vision
The Union Finance Minister Sitharaman Union Finance Minister Nirmala Sitharaman has set an ambitious target for India’s digital payments revolution—1
Regulatory Update
Tax Inspector had fixed monthly bribe for permitting illegal consignments of Pan Masala into Bengaluru
The Lokayukta Officials of Bengaluru district caught a Commercial Tax Inspector and his associate red-handed while allegedly taking a Rs
Direct Tax Collection Hits Target for 2024-25 Fiscal
India’s net direct tax collection for the financial year 2024-25 has exceeded expectations, with provisional figures showing a 13.57% increase,
Finance Ministry Includes 14C under PMLA for Information Sharing
To detect cases of money trail and tackle cyber frauds, the Government has authorised Indian Cyber Crime Coordination Centre (14C)
Paid Excess Property Tax? Adjust in Next FY
Since April 1, the Chandigarh Municipal Corporation has collected nearly $5 crore in property taxes, after the implementation of the
1% TCS Levied on Luxury Goods
The Income Tax Department has come up with a new rule related to Tax Collected at Source (TCS). The rule
RBI Directs Banks to adopt ‘.bank.in’ Domain for Safer Digital Transactions
The Reserve Bank of India (RBI) has issued a circular directing Indian Banks to shift their net banking facilities to
ANI summons OpenAI over Copyright Issue
The Delhi High Court continued hearing the copyright infringement case filed by Asian News International (ANI) against Open AI, focusing
e-Pay Tax Makes Paying Taxes Easier Than Ever
The Income Tax Department has rolled out ‘e-Pay Tax’, a new digital feature that makes it simpler and faster for
Uttar Pradesh Company Registrations Outpace Delhi in Latest Data
In this rapidly growing corporate landscape in India, Uttar Pradesh (UP), the Northern State of the country has outpaced its
GST Applicant Harassment: CBIC Issues Fresh Guidelines for Prevention
In its move to curb taxpayers’ harassment, the Central Board of Indirect Taxes and Customs (CBIC) has issued revised instructions
RBI Guidelines for Minors: Now Permitted to Operate Bank Accounts Independently
The Reserve Bank of India recently permitted banks to allow minors above the age of 10 years to open and
Angel Tax Exemption: No Scrutiny for Tax Exemptions Says Income Tax Department
On Friday, the Income Tax Department said that the startups recognised by the Department for Promotion of Industry and Internal
GST on UPI transactions over Rs 2,000: Rumor or Reality?
The Ministry of Finance has categorically denied recent rumors suggesting that it is planning to impose Goods and Services Tax
New Tax Bill: Nil TDS Certificate Withdrawn for All Taxpayers Including NRIs
The upcoming Income Tax Bill 2025 proposes to eliminate the concept of ‘Nil TDS’ Certificates for both Resident Indian taxpayers
Zero Tax Liability? You Still have to file ITR
With the beginning of the new assessment year 2025-26, taxpayers are urged to file their Income Tax Returns (ITR) on
