SC seeks Centre's response on plea against anonymous political donations

The Supreme Court on Monday sought responses from the Centre and others on a plea which challenged the validity of a provision of the Income Tax Act that allows political parties to receive......

Delhi pollution worsens: HC questions 18% GST on air purifiers

The Delhi high court on Friday asked the Centre why it cannot reduce the GST charged on air purifiers to make it affordable for the common man in view of the worsening air quality in the national......

Want To Donate To A Political Party? Read This!

Avoid donating without checking the receipt proforma showing the political party's ECI registration number and PAN. Kindly note this illustration generated using Microsoft Copilot is only posted......

The Man Challenging 18% GST On Air Purifiers

'If a common man wants to buy an air purifier for Rs 10,000, then he will have to shell out Rs 11,800 with 18 percent GST.''If he is charged GST at 5 percent the same air purifier will cost Rs......

Direct tax mop-up rises 20% to Rs 5.74 lakh cr on higher corporate advance tax

Net direct tax collection grew 19.54 per cent to over Rs 5.74 lakh crore so far this fiscal on higher advance tax payment by corporate. Illustration: Dominic Xavier/Rediff.com The first......

Direct tax mop-up rises 21% to Rs 4.62 lakh cr

Net direct tax collection grew 21 per cent to over Rs 4.62 lakh crore so far this fiscal, on higher advance tax payment by corporate. Illustration: Dominic Xavier/Rediff.com The first instalment......

25K individuals to get SMS/e-mails from I-T dept for non-disclosure of foreign assets

The Income Tax department will start sending SMS/emails to about 25,000 individuals, who are part of the "high-risk" cases identified for non-disclosure of foreign assets in the income tax returns......

Net direct tax collection surpasses RE in FY24; corp tax receipts a miss

Direct tax collection, net of refunds, moderately exceeded the revised estimates (RE) for the financial year 2023-24 (FY24) on the back of personal income tax revenues, but corporation tax receipts......

Lapses in tax recovery from PILCOM

The Public Accounts Committee has pulled up the Central Board of Direct Taxes for delay in tax recovery from PILCOM, which staged the cricket World Cup in 1996.In its report tabled in Parliament,......