Pune-based manufacturer of diesel and natural gas engines Cummins India Ltd on Thursday (July 9) informed exchanges that the Income Tax Department has filed appeals before the Bombay High Court against an Income Tax Appellate Tribunal (ITAT) order that had granted relief to the company in respect of adjustments amounting to ₹210.77 crore.
The Punjab state taxation department has arrested the alleged mastermind of a Rs 55-crore fake billing racket that enabled fraudulent ITC claims worth Rs 8.35 crore, finance minister Harpal Singh Cheema said on Thursday.
Over 17 million I-T returns have been filed for 2025-26 financial year so far, the Income Tax Department said on Saturday.
ASHA met Civil Supplies Minister Nadendla Manohar and urged the State government to take up with the Centre key GST-related issues affecting the hospitality industry.
Under the Centralised IT Enabled Services (CITES) project, the Employees’ Provident Fund Organisation (EPFO)
The concept of an updated return was introduced to give taxpayers additional time to correct or update their income tax returns.
Foreign bank account, foreign income and other foreign investment details shared with India by foreign countries can soon become visible in your Annual Information Statements (AIS), thanks to a new order by CBDT.
Guidance Note on Tax Audit under section 44AB of the Income-tax Act,1961′ for Public Comments
The anti-evasion wing of the Central GST Commissionerate, Kolhapur, has arrested the alleged mastermind behind a Rs. 10.6 crore fake input tax credit (ITC) fraud
A State Bank of India (SBI) manager’s Form 16 showing an annual gross salary of ₹35.24 lakh has gone viral on social media, prompting a debate over how salaries in public sector banks are perceived and the difference between gross income and actual take-home pay.
