« Top Headlines » Open DEMAT Account in 24 hrs  New Income Tax Act: ITR forms to be issued prior to FY28, says govt  GSTR-9C Explained: Turnover Limit, Due Date, Statement Format & How to Prepare It in Tally Prime (2025 Update)  Will Income Tax Department release new ITR forms by January 2026? Finance Ministry says this  The Government of India has strengthened MSME protection through strict payment rules, ensuring that Micro & Small Enterprises receive timely payments from buyers. Under the MSME Development Act (MSMED Act), 2006, buyers must make payments within:  ITR Refund Delays in India: Why They Happen & How to FastTrack Your Refund in 2025  ITR Refund Delay: From Bank Errors To Department Checks, 5 Big Reasons Your Refund Gets Stuck  Income Tax Slabs 2025: New Vs Old Regime; Which One Is Better For You For FY2025-26?  Seamless Integration: How Tally Prime Connects Businesses to the Digital Economy  Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief  Digital Efficiency for MSMEs: The Tally Prime Advantage  5 Ways Tally Prime Reduces Cost and Boosts Productivity for Startups «  Income Tax Commissioner jailed for One Year RI... No tax sops for captive power units... » NDC meet to discuss tax reimbursement to states December, 19th 2007 Union commerce and industry minister Kamal Nath has said that state governments will have to be roped in and made accountable before a decision is taken on the mechanism to reimburse state taxes to exporters. He said the issue will be discussed with state chief ministers in the National Development Council (NDC) meeting on Wednesday. After a meeting with the trade and industry council attended by industry representatives including Ratan Tata, Mukesh Ambani, RP Goenka and Rahul Bajaj and chaired by the Prime Minister, Mr Nath said that it was not just exporters but the domestic industry, too, which was reeling under the pressure of rupee appreciation. On the issue of reimbursement of state taxes to exporters, the minister said that there were a number of issues that needed to be addressed first. We need an assurance from state governments that they will not increase taxes, he said. Moreover, the mechanism of funding the reimbursement will also have to be tied up. We are yet to decide whether the amount should be withdrawn from the state governments fund, he said.