Q1 Tax Revenue Likely to Exceed budgeted Growth
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Q1 Tax Revenue Likely to Exceed budgeted Growth

The government expects its tax revenues in the first quarter to exceed budgeted growth but is likely to stick to the interim budget revenue estimates in the full budget. Officials said the full-year projection in the interim budget was realistic and arrived at after taking into account multiple factors including global headwinds. “With continuity in…

New Functionality in AIS Rolled out for Taxpayers
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New Functionality in AIS Rolled out for Taxpayers

In a move towards making the tax filing system more transparent, the Central Board of Direct Taxes (CBDT) has introduced a new functionality in the Annual Information Statement (AIS) that will allow taxpayers to share feed- back on every transaction displayed therein, confirm any transaction listed and provide response on the feedback on a real-time…