In a major move, the Parliamentary Select Committee has approved provisions in the new Income Tax Bill 2025 that allow tax officers to access and override passwords for digital platforms…
The Ministry of Corporate Affairs (MCA) has reported that a total of 40,949 companies have been struck off under the Companies Act, 2013, during the past three financial years, cleansing the corporate registry…
India’s external debt has risen to $736.3 billion as of March 2025, reflecting a year-on-year increase of 10.1 percent, according to a statement made by the Ministry of Finance in…
The Central Government has confirmed that the Reserve Bank of India (RBI) has issued new guidelines, easing norms for small-ticket gold loans to benefit farmers and micro, small and medium enterprises (MSMEs). This move…
In a recent case, the Calcutta High Court set aside the cancellation, finding existence of premises. The cancellation was made on finding that the GST registration was obtained by fraud and suppression…
In a written reply to Unstarred Question No. 13, Minister of State for Finance Pankaj Chaudhary disclosed that the tax collected from VDA income was ₹269.09 crore for FY 2022–23.The…
Amid rising concerns over the operation of offshore cryptocurrency platforms within India, the Ministry of Finance has clarified that there is currently no regulatory ban on such platforms. In a…
CBDT, via Circular, extends relief for TDS/TCS defaults due to inoperative PANs, giving taxpayers more time to link PAN with Aadhaar.The Central Board of Direct Taxes (CBDT) issued Circular No. 9/2025, dated…
The High Court of Punjab and Haryana granted bail citing completed investigation and five-month custody in a matter involving arrest over ₹8.36 crore fake Input Tax Credit (ITC) claim using bogus Goods…
The Select Committee of the Lok Sabha, chaired by Shri Baijayant Panda, is set to officially present its detailed report on the Income Tax Bill, to be tabled today at Lok…