To be headed by BJP's Baijayant Panda, the panel is mandated to submit its report by the first day of the next session.

Lok Sabha Speaker Om Birla formed a 31-member committee led by BJP's Baijayant Panda to review the Income Tax Bill. The panel ...

India will introduce a new condensed version of its income tax law in the lower house of the Parliament on Thursday, which aims to simplify the six decades old rules that have led to a slew of ...

The Income-tax Bill cuts some clutter of the existing Act and introduces new illustrative tables, while maintaining ...

However, the Centralized Processing Center (CPC), Bangalore, denied the foreign tax credit on the ground that Form No. 67 was not filed within the prescribed due date. The NFAC upheld this decision, ...

India has accused South Korea’s Kia of evading taxes of $155 million by misclassifying component imports but the carmaker has ...

To promote infrastructure development, section 80IA was brought into Income-tax Act, 1961.

NEW DELHI, Feb 2 (Reuters) - Volkswagen has sued Indian authorities to quash an "impossibly enormous" tax demand of $1.4 billion, arguing the ask is contradictory to New Delhi's import taxation ...

The Reserve Bank of India has reduced the repo rate by 25 basis points to 6.25%, aimed at boosting economic growth and easing ...

The new bill, designed to make tax regulations more accessible to the general public, will replace the existing Income Tax ...

Adv. Sachin P. Kumar successfully represented his client in Foreign Tax Credit dispute before the Income Tax Appellate ...

A major focus of the new tax bill is likely to be on lowering the number of such disputes by clearly defining provisions and ...