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This is meant to reduce litigation, but will not provide additional refund. (Representational image: PTI)

I-T returns can be updated in two years to correct any errors

This will avoid the lengthy process of litigation if the department finds that some income has been missed out by the...

2 Feb 2022 2:06 AM IST

The 30 per cent tax with 1 per cent TDS will be a deterrent to several investors who are jumping into the crypto bandwagon. AFP

Cryptos to stay with 30 pc tax; digital rupee next fiscal

The gift of virtual digital assets will be taxed in the hands of the recipient

2 Feb 2022 2:03 AM IST

ICC vice president and Nafa Capital Advisors Pvt. Ltd MD Ameya Prabhu

Budget will fast track economic recovery: ICC

The Indian Chamber of Commerce (ICC) has appreciated the growth oriented policy direction of the Union Budget

1 Feb 2022 4:47 PM IST

Union Finance Minister Nirmala Sitharaman presents the Union Budget 2022-23 in the Lok Sabha, at Parliament, in New Delhi. (Photo: PTI)

Budget 2022: Highest GST collections, no tax reforms for salaried...

The finance minister began the presentation by expressing empathy to those who died due to COVID-19

1 Feb 2022 1:46 PM IST

Union Finance Minister Nirmala Sitharaman during a pre-Budget photo session, on the eve of presentation of Budget 2022-23 in the Parliament, in New Delhi, Monday, Jan. 31, 2022. (PTI Photo/Manvender Vashist)

Survey projects 8-8.5 per cent growth in GDP next fiscal; by 9.2 %...

Services sector worst hit by COVID-19 pandemic; agriculture the least affected

31 Jan 2022 3:06 PM IST

Finance Minister Nirmala Sitharaman in the Lok Sabha during Budget Session of Parliament. (Photo: PTI)

Decks cleared for bad bank to start

A total of 38 large stressed accounts aggregating to Rs 82,845 crore have been identified for transfer to the NARCL

29 Jan 2022 8:41 AM IST

Union finance minister, Nirmala Sitharaman. (PTI)

India seen boosting budget spending on infrastructure

Indian economy is estimated to expand 9.2% in this fiscal ends in March, following a contraction of 7.3% in the previous...

27 Jan 2022 10:23 AM IST

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman gestures during a news conference after the 46th GST Council meeting, in New Delhi, Friday, Dec 31, 2021. (PTI Photo/Kamal Kishore)

India's annual Budget again goes green, cuts down on printing to bare...

The Budget documents will be available mostly digitally, with only a handful of physical copies, officials said

26 Jan 2022 4:55 PM IST

Niti Aayog Vice Chairman Arvind Panagariya (Twitter)

Indian economy recovered 'handsomely' from pandemic-induced...

The economy, which was significantly hit by the pandemic, had contracted 7.3 per cent in the last fiscal

25 Jan 2022 12:18 PM IST

SBI reports over four-fold jump in Q4 profit. (PTI Photo)

SBI makes online IMPS transactions upto Rs 5 lakh free

In the case of Branch Channels, there is no change in the service charges in the existing slabs

4 Jan 2022 7:34 PM IST

A health worker prepares to administer a dose of COVID-19 vaccine to a teenager at a government school in Bengaluru. (Photo: PTI)

India seeks emergency meeting of WTO's General Council to discuss...

WTO is a 164-member multilateral body which formulate rules for global exports and imports

3 Jan 2022 3:19 PM IST

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman gestures during a news conference after the 46th GST Council meeting, in New Delhi, Friday, Dec 31, 2021. (PTI Photo/Kamal Kishore)

GST council puts off rate hike on textiles

The matter has been referred to the tax rate rationalisation committee and it will be discussed again at the next...

1 Jan 2022 7:13 AM IST