tax compliance

‘Enforcement with empathy’: Income tax department working on rules, forms for new tax bill, says CBDT chief

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The Income Tax Department is developing rules for the upcoming Income Tax Bill, 2025. CBDT Chairman, Ravi Agarwal, announced this at the 166th Income Tax ...

Reporting of foreign assets, income up in FY24: Finance minister

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The finance ministry reported a significant 45% increase in foreign asset and income disclosures, with 2.3 lakh taxpayers reporting in 2023-24. Amidst reports of increased ...

ITR Filing FY 2024-25: Have you got an Income Tax notice? Don’t ignore it! Top types of tax notices & actions required

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As the ITR filing season for FY 2024-25 begins, understanding potential Income Tax Department notices is crucial. Ignoring deadlines or inaccuracies in 26AS & AIS ...

ITR Filing FY 2024-25: Have you got an Income Tax notice? Don’t ignore it! Top types of tax notices & actions required

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As the ITR filing season for FY 2024-25 begins, understanding potential Income Tax Department notices is crucial. Ignoring deadlines or inaccuracies in 26AS & AIS ...

FM Nirmala Sitharaman counters social media claims of GST registration corruption and delay

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Finance Minister Nirmala Sitharaman lauded the CBIC for its swift response to social media allegations of GST registration delays and corruption. A Twitter user shared ...