« 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 «  A bogey called `misuse' of the Mauritius conduit... I-T dept holds TDS symposium... » Indirect tax dues recovery target set at Rs 2,450 cr August, 21st 2006 The Finance Ministry has set for itself an indirect tax arrears recovery target of Rs 2,450 crore for 2006-07. Of this target, the Central Board of Excise and Customs (CBEC) expects to recover Rs 650 crore as Customs duty, Rs 1,300 crore as Central Excise duty and Rs 500 crore as service tax arrears. Official sources said that the Revenue Department had recovered Rs 3,139.65 crore as indirect tax arrears in 2005-06 against a target of Rs 2,700 crore. As on February 28 this year, the total indirect tax arrears pending recovery stood at Rs 21,578 crore. Out of this amount, Rs 7,533 crore has been stayed by various courts and hence was not recoverable. Sources said that there were also substantial unrecoverable arrears, outside the purview of any stay, owing to factors such as the defaulting units being under the Board for Industrial & Financial Reconstruction (BIFR) or due to proceedings imitated by the Debt Recovery Tribunal (DRT).