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Filing of ITRs peaked on July 31, which was the last date for filing returns for salaried taxpayers
Finance

More than 6 crore ITRs, 16% more than last year filed...

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In a separate reply, Karad said 66,069 frauds were reported in 2022-23 causing a loss of Rs.85.25 crore
Finance

Top 50 wilful defaulters owe Rs.87,295 crore to banks. Mehul Choksi’s...

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In 2020-21, as many as 12,596 cases of GST evasion were detected, while in 2022-23, the cases rose by 23.5 percent to 15,562
Finance

GST evasion cases surge 23.5% in 2 years; 166% rise in...

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As many as 55,000 one-time cases were opened following a Supreme Court order
Finance

1 lakh notices sent over non-filing returns & misrepresentation of income,...

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Till July 2, FPIs have invested Rs.43,804 crore in India, including investment through stock exchanges, primary market and bulk deals
Finance

India largest recipient of FPI flows; Rs.43, 804 crores invested in...

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The Minister was replying to a question on the number of Chinese handset companies which have evaded taxes and made illegal remittances in India
Finance

Chinese mobile companies evade Rs.9,000 crore in tax in India, Rs.1,629...

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Circular clarifies that taxpayers can also adopt for a cross charge mechanism and bill the branches by adopting the value as per Rule 28
Finance

Centre issues clarification on input tax, levy of tax on subsidiary...

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Taxpayers have to file the returns for 2022-23 with the assessment year being 2023-24
Finance

Deadline to file IT returns won’t be extended; Govt urges taxpayers...

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The tax on online gaming companies would be imposed without making any differentiation based on whether the games required skill or were based on chance
Finance

GST Council decides to impose 28 pc tax on turnover of...

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Council's Fitment Committee had recommended to the GST Council that MUVs and XUVs should be defined at par with SUVs for levying GST
Finance

GST Council likely to take a call on taxing heavy utility...

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