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Union Finance Minister Nirmala Sitharaman stated that August income tax data is most significant indicator of Indian economy's widespread formalisation.

Minimum three times surge in ITR filing in all Tax Slab: FM Nirmala Sitharaman

The union ministry of power is likely to request a reduction in the goods and services tax on hydropower project components.

Power Ministry may proposed to reduce GST on Hydro Project Components

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Section 269ST was introduced in Income Tax Act in 2017. Under this sec, no person can receive a payment above Rs.2 Lakhs in a single day.

Case Studies on Section 269ST of Income Tax

To give relief to small taxpayers from tedious job of maintenance of books of account and getting it audited, Income tax Act has framed Presumptive Taxation Scheme.

Interplay of Presumptive Taxation Scheme, Tax Audit and Maintaining Books of Accounts

The Reserve Bank of India (RBI) said that the UPI System will also contain pre-approved credit limits given by banks for transactions, on Monday .

RBI approves Operation of Pre-Sanctioned Credit Lines at Banks through UPI

The Income Tax Department has issued a warning kind of reminder to taxpayer, if they want their income tax refund, they need to validate their bank account.

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Minimum three times surge in ITR filing in all Tax Slab: FM Nirmala Sitharaman

Power Ministry may proposed to reduce GST on Hydro Project Components

Case Studies on Section 269ST of Income Tax

Interplay of Presumptive Taxation Scheme, Tax Audit and Maintaining Books of Accounts

RBI approves Operation of Pre-Sanctioned Credit Lines at Banks through UPI

Income Tax Refund: Taxpayers need to Validate Bank Account to get Refund