SC summons CS, fin secretaries of 16 states over pay report non-compliance

The Supreme Court on Thursday summoned the chief secretaries and finance secretaries of 16 states for non-compliance with the Second National Judicial Pay Commission recommendations on the payment......

I-T Goes After Rs 7.7 Trillion Tax Arrears

Senior tax officials were told to focus on cash collection from the arrears so that the target for FY23 was achieved and the overall revenue position improved. Illustration: Uttam Ghosh/Rediff.com......

No Of Nil Tax Returns Nearly Doubles In 5 Years

ITRs with zero tax liability have increased to 55.7 million in FY25. Kindly note the image has been posted only for representational purposes. Photograph: Kind courtesy Nataliya......

Net direct tax kitty rises 13% to Rs 21.26 lakh crore till Mar 16

Net direct tax collection grew 13.13 per cent to over Rs 21.26 lakh crore so far this fiscal aided by by higher advance tax mop up, government data showed on Monday. Illustration: Dominic......

FM unveils simpler tax law, middle class gets relief

Finance Minister Nirmala Sitharaman on Saturday unveiled 'transformative' tax reforms that ranged from a simpler income tax law to higher TCS threshold for remittances and income tax benefits for......

Big relief in TDS deduction on rent from Rs 20K to Rs 50K per month

In a major relief for taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced an increase in the threshold for Tax Deduction at Source (TDS) on rent from Rs2.40 lakh per annum to Rs6......