Archives

Social August 25, 2025

Baseer Ali on entering Bigg Boss

Economy August 25, 2025

Brazilian iron ore shipments rise 4%

Corporates August 25, 2025

Indian lenders account for 50% of

Social August 25, 2025

Kabhi Khushi Kabhie Gham’s little Poo,

43, Bhau Patil Road, Bopodi, Pune 411020

creativebharatgroup@gmail.com

Creative Bharat > Blog > tax

I-T officials investigating Jane Street for tax treaty breach; Singapore link under scrutiny: Report

Jane Street under scrutiny Tax authorities are conducting an investigation into Jane Street’s potential tax treaty violations, specifically examining if the firm routed profits through Singapore entities for its Indian market derivative trades, according to three informed sources, quoted by Reuters (anonymously).Income tax officials have been conducting searches at the American trading firm’s Indian offices […]

Read More
Economy

Evolve action plan to segregate business and individual income in personal income tax data: Parliamentary panel to I-T Department

In its earlier report, the committee had highlighted concerns raised from various quarters about PIT collections surpassing corporation tax, arguing that this might not accurately reflect the economic reality.  | Photo Credit: iStockphoto A parliamentary standing committee has expressed strong dissatisfaction with the Income Tax Department’s refusal to provide segregated data for business income and […]

Read More

PAN 2.0 rollout update: LTIMindtree bags Income Tax Department project; all services to unify in 18 months

The Income Tax Department has awarded the PAN 2.0 modernisation contract to IT services major LTIMindtree, with the new system is expected to go live within 18 months, PTI reported citing a government official. The PAN 2.0 platform will serve as a one-stop solution for all matters related to Permanent Account Numbers (PAN) and Tax […]

Read More

India’s Direct Tax Collection Rises 13.48% After Corporate Tax Cuts, Says Finance Minister, ETCFO

New Delhi, The net direct tax collection saw strong growth in FY25 at Rs 22,26,375 crore, a 13.48 per cent year-on-year growth, as there has been an overall increase in collections after reduction of the corporate tax rates with effect from Assessment year (AY) 2020-21, the Parliament was informed on Monday. Since FY 2021-22, the […]

Read More

UPI at a crossroads? Deep unease in the informal sector as tax axe falls, ETCFO

By all official accounts, India’s digital payments revolution is a runaway success. The Unified Payments Interface (UPI), the government-backed real-time payment system, has truly transformed how money moves across the nation and is now gaining global recognition. As per the ACI Worldwide Report 2024, in 2023, an astounding 49% of all global real-time payment transactions […]

Read More

ITR-U now online via ITR-1 & ITR-2: E-filing enabled for AY22 & AY23- what you need to know for filing updated income tax returns

The Income Tax Department has enabled utilities for filing updated income tax returns (ITR-U) through ITR-1 and ITR-2 forms for assessment years (AY) 2021-22 and 2022-23, in accordance with Finance Act, 2025.The Union Budget 2025 has extended the timeline to 48 months from the assessment year’s end for filing updated returns under Section 139 (8A) […]

Read More

ITR-3 enabled for e-filing: Income Tax form covers business and professional income earners, directors, and traders— key things to know before filing for AY 2025–26

The Income Tax Department has enabled online filing for ITR-3 on its e-filing portal for Assessment Year 2025–26 (Financial Year 2024–25), easing return submissions for individuals with income from share trading (including F&O), business ventures, and investments in unlisted shares. The department announced on July 30, 2025: “Kind Attention Taxpayers! Income Tax Return Form of […]

Read More

No Changes in Tax Rates, Says IT Department, ETCFO

New Delhi, The Income Tax Department on Tuesday issued a clarification on the proposed Income Tax Bill 2025, saying the bill is only meant to simplify language and remove redundant or outdated provisions, and does not propose any change in tax rates. The clarification came after several media reports and social media posts claimed that […]

Read More

Creative Bharat is your gateway to the latest news, insights, and trends shaping the world. Stay informed with our curated stories, expert opinions, and in-depth coverage of everything that matters to you. Explore, engage, and be inspired.

Facebook Youtube Instagram Linkedin

Quick Links

Information

Contact Us

  • Pune, Maharastra
  • creativebharatgroup@gmail.com

©2025 Creative Bharat Powered By A Buzz Company, All rights reserved.

Crafted by Govindani Infotech Pvt. Ltd.