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Tax Deducted at Source (TDS) is a crucial part of India’s tax collection framework, as it facilitates the collection of tax at the point of income generation. Managing TDS obligations comprises a recurring and crucial responsibility for professionals such as chartered accountants, tax consultants, company accountants, and compliance managers. The process comprises distinct steps: calculation, […]
The Kerala Goods and Services Tax department has started a GST registration drive in the State in a bid to bring more traders under the tax net and ensure tax returns are submitted in said time. Finance Minister K.N. Balagopal, presenting the 2025-26 State Budget last February, had declared that State-level campaigns would be organised […]
Since the government has rolled out the new fraud detection measure to curb the bogus or inflated refund claims, the income tax refunds of India have been reduced this year. As per the official data, between April and October 2025, there is a fall in the refunds issued by approximately 16% year-on-year, slipping from about […]
The Gross GST collection of the state has registered collections of ₹13,971 crore, a rise in the rate of 22.35%, during the first half of the financial year (April–September). It is an effective rise compared to ₹11,418 crore GST collected in the same period last year, Finance Minister Harpal Singh Cheema cited. “Over the first […]
Net direct tax collections in the current financial year 2025-26 have experienced a noteworthy increase of 9.2%, reaching a total of ₹10.82 lakh crore. This growth can be attributed to a rise in both corporate and personal income tax revenue, as indicated by official data. In the corresponding period of 2024-25, there was a net […]
The Chandigarh Chartered Accountants Taxation Association (CCATAX) has reached out to the Central Board of Direct Taxes (CBDT) to request an extension on the deadline for filing income tax returns and completing tax audits for the financial year 2025-26. Data mismatches between AIS and Form 26AS, server crashes, session timeouts, etc, are the problems that […]
India’s indirect tax administration has identified significant goods and services tax (GST) evasion amounting to ₹7 trillion across 91,000 cases over the past five years, concluding in March 2025. This detection highlights ongoing challenges in tax compliance within the country. MOF Pankaj Chaudhary in Lok Sabha cited that the taxpayers have already deposited Rs 1.29 […]
In July 2025, India’s Goods and Services Tax (GST) collections surged to ₹1,95,735 crore, marking a 7.5% year-on-year increase from ₹1,82,075 crore in July 2024, according to provisional data from the Finance Ministry. The rise was driven by higher domestic transactions and import collections, indicating continued economic activity, although the pace of growth has moderated. […]
Now, the behaviour of the taxpayer can be tracked by the income tax department with its new system employing artificial intelligence (AI) that monitors online portal visits, flagging high-value transactions, and filtering out Permanent Account Numbers (PANs) linked to suspicious claims, Central Board of Direct Taxes (CBDT) Chairman Ravi Agrawal cited. The goal is to […]
