The new direct tax code will focus of making the Income Tax Act simpler and less prone to litigation
3 min read3 Dec 2018The government has appointed Akhilesh Ranjan of CBDT as head a task force that will advise the centre on drafting a new direct law that suits India's economic requirements
2 min read27 Nov 2018Indian tax laws allow a taxpayer to file a belated ITR either by the end of relevant assessment year or before the completion of revenue audit by the tax authorities, whichever is earlier
4 min read20 Sep 2018On the tax front, one hopes that the finance minister uses the forthcoming union budget to ensures that outbound mergers are treated at par with inbound and domestic mergers
3 min read15 Nov 2017Finance minister Arun Jaitley said our taxes have to be globally compatible
2 min read26 Dec 2016Regulatory, taxation challenges for India
3 min read3 Oct 2008The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared