Mumbai, Aug 16 (IANS) The Gujarat Chamber of Commerce and Industry (GCCI) has urged the Central Board of Direct Taxes (CBDT) to extend the September 15 deadline for filing income tax returns (ITRs) and tax audit reports for Assessment Year (AY) 2025-26, citing delays in the release of ITR utilities and technical issues on the tax portal.
Mumbai, Aug 16 (IANS) BSE mid and smallcap indices ended a three-week losing streak, even as Indian benchmark indices also broke a six-week losing pattern -- gaining 1 per cent this week.
New Delhi, Aug 16 (IANS) India’s logistics sector, valued at $215 billion in 2021, is well-positioned for strong growth with an expected compound annual growth rate (CAGR) of 10.7 per cent till 2026, government data showed on Saturday.
New Delhi, Aug 16 (IANS) The Indian tourism sector is expected to generate over Rs 5,12,356 crore (over $59 billion) by 2028, with foreign tourist arrivals (FTAs) hitting 30.5 million, a report said on Saturday.
New Delhi, Aug 16 (IANS) The government's plan to overhaul the Goods and Services Tax (GST) structure will give Indian consumers more disposable income, potentially boosting demand and overall consumption in the economy, said Najib Shah, former Chairman of the Central Board of Excise and Customs (CBEC) on Saturday.
New Delhi, Aug 16 (IANS) The Donald Trump administration may not impose secondary tariffs on India over purchasing Russian energy, as the US President said that Russia has already lost a key oil client.
New Delhi, Aug 16 (IANS) The announcement of next-generation GST reforms as a “Diwali gift” is a major step towards improving tax efficiency, enhancing compliance, and simplifying processes, according to industry chambers.
New Delhi, Aug 16 (IANS) Leading tax expert Ajay Rotti on Saturday welcomed the government's plan to overhaul the Goods and Services Tax (GST) structure, primarily into two tax slabs of 5 per cent and 18 per cent.
New Delhi, Aug 16 (IANS) In yet another significant development, the S&P Global Ratings has upgraded long-term issuer credit ratings on seven Indian banks and three non-banking financial companies (NBFCs).
Washington, Aug 16 (IANS) US President Donald Trump has said his administration will unveil tariffs on semiconductor imports as early as next week, as South Korean tech firms Samsung Electronics and SK hynix have been carefully watching his tariff policy developments.
