GST returns to become time-barred from July tax period

[ad_1] Photo used for representation purpose only. | Photo Credit: Getty Images/iStockphoto GST Network on Saturday (June 7, 2025) said beginning the July tax period, GST taxpayers will not be able to file monthly and annual GST returns after three years of the original filing due date. The July 2025 tax period means taxpayers will […]

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Government hikes securities transaction tax on futures, options contracts

[ad_1] Union Finance Minister Nirmala Sitharaman speaks in the Lok Sabha during the Budget Session of Parliament, in New Delhi, on March 24, 2023. | Photo Credit: PTI The Government is raising the Securities Transaction Tax (STT) on futures and options contracts in the stock market from April 1, 2023, a move that experts fear […]

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Government hikes securities transaction tax on futures, options contracts

[ad_1] Union Finance Minister Nirmala Sitharaman speaks in Lok Sabha on March 24, 2023. Photo: Sansad TV via ANI The Government has raised the Securities Transaction Tax (STT) on futures and options contracts in the stock market by 25% from April 1, 2023, a move that may push some traders to offshore markets and dent […]

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About ₹400 crore tax deposited by filing updated ITRs so far 

[ad_1] Representational image only. | Photo Credit: Getty Images/iStockphoto The recently introduced provision for allowing taxpayers to update their tax returns has seen as many as five lakh re-filings with about ₹400 crore additional tax coming in, a senior government official said on November 24. The Finance Act of 2022 introduced a new concept of […]

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