Shishir Sinha

Over 90,000 taxpayers have withdrawn wrongful tax deductions amounting to over ₹1000 crore, government sources said on Thursday.

While, the new taxation norm for sale transaction of old & used EV and other small vehicles has come into force with immediate effect, new taxation rule for restaurants inside 5-star hotels will be effective from April 1

Despite this, growth projections for FY26 and FY27 remain unchanged at 6.5%, aligning with long-term potential.

Government likely to maintain capital expenditure above 3.2-3.4% of GDP despite challenges in meeting Budget Estimates.

Supreme Court dismisses Income Tax Department's petition, allowing Vodafone Idea Limited to receive a refund of Rs ₹1600 crore.

Accordingly, a presumptive taxation regime for a non-resident, engaged in the business of operation of cruise ships introduced by insertion of a new section 44BBC in the Income-tax Act, 1961 through Finance Act, 2024

If the primary purpose is tax-saving, treaty benefits can be denied

Experts say these changes will reduce reporting errors and boost GST compliance accuracy

In this pre-Budget discussion, businessline's Shishir Sinha talks to Rumki Mazumdar, Director, Deloitte India, Sandeep Sehgal, Partner, AKM

CBIC also notifies late fee waiver for filing annual returns for FY 17-18 to FY 22-23