All News

05 Nov 24
Income Tax Department Receives 6500 Stakeholder Suggestions for Overhaul of IT Act, 1961
CBDT Allows Electronic Filing of Forms 3CEDA and 3C-O Via Notification No. 5/2024
Delhi HC: Two Judgment Orders Against One SCN Cannot Be Accepted for the Same Period
No GST Returns Will Be Accepted If Filed More Than 3 Years Past Their Due Date
04 Nov 24
CBIC Issues New Guidelines to Balance Tax Evasion Investigations with Ease of Doing Business in Import and Export
GST IMS Dashboard: New Guidelines for `Deemed Acceptance` and Record Handling
03 Nov 24
Important Income Tax Forms Due by November 30, 2024
India’s GST Revenue Hits ?1.87 Lakh Crore in October with 9% Growth
New GST Amnesty Scheme Effective November 1: Know about Important Deadlines and Benefits
02 Nov 24
Kerala HC Rejects Tax Reassessment Order After Assessee Was Given Only 3 Days to Respond to SCN
GST Collection Hits Rs 1.87 Lakh Crore in October, Second-Highest Ever Boosted by Domestic Sales
01 Nov 24
CBDT Grants Delay Condonation for AY 2023-24 Income Returns Claiming Section 80P
ICAI and CAs: Supporting India`s Journey to Become a $30 Trillion Economy by 2047
CBDT Notifies Transfer Pricing Tolerance Range for AY 2024-25 Under Rule 10CA
23 Oct 24
GST Registration for Metal Scrap Buyers: GSTN issues Advisory on GST REG-07
Income Tax Department Releases Updated ITR-3 Utility Excel-Based Tool
GSTN Introduces Bank Account Validation for Non-Core Amendments
Income Tax Department Releases Updated Common Offline Utility for Form 3CA-3CD and 3CB-3CD
22 Oct 24
IMS May Add an Extra Compliance Layer for GST Taxpayers, Say Experts
GST Exemption on Premiums? The Council Will Make a Final Decision on Whether to Grant Benefits
Pre-filled GSTR-3B: A Hard-locking System for GST Liability
Rajasthan AAR Rules 18% GST on Soft Ice Cream with Mixed Vanilla Flavor
21 Oct 24
Direct Tax Share in GDP Reaches 24-Year High at 6.64% in FY24
Personal Income Tax Collection Surges 294% in FY24
New ICSI Guidelines: Company Secretaries Can Sign E-Form MGT-7 for Only 75 Firms Starting April 2025
RBI Bans Loan Sanction and Disbursal from Four NBFCs
20 Oct 24
Understanding New Tax Form 12BAA: Structure & Benefits
India’s Personal Income Tax Collection Increases by 294% Over the Past Decade
Rajasthan GST AAR: Tax on Corporate Guarantee By Overseas Group is Payable Only Once, Not Periodically
19 Oct 24
ICAI Invites Young CAs to Shine at 40 Under 40 Business Leader Awards 2024
CBDT Amends Rules for Forms 10A and 10AB under Sections 12A and 80G
GSTR-2B Now Auto-Populates GST ITC for Reversal Under Rule 37
How GSTR 1A and IMS Help to Improve GSTR 3B Filing
18 Oct 24
CBDT Exempts RBI from TCS Requirement under Section 206C(1F) of the Income Tax Act
CBDT Releases Updated TDS Rates for FY 2024-25
GST return filing process: Hard-locking of auto-populated values in GSTR-3B Form; check details
17 Oct 24
Bombay HC: Assessee Can’t Be Refused ITC Solely for Filing GST Forms Manually Due to Portal’s Functionality Issues
Gujarat HC: IT Section 68 Does Not Apply if There is No Clear Declaration of Amount in the Bank Statement
Gujarat HC: GST Credit Can’t Be Blocked in the ECL if the Balance Is Nil or Insufficient
CBDT Amends Rules for Forms 10A and 10AB under Sections 12A and 80G
16 Oct 24
Newly launched GST app to facilitate traders keep trail of transactions
CBIC Issues Clarification on Implementation of Section 16(5) & 16(6) of CGST Act 2017
Pune ITAT: Tax Deduction Can Be Claimed u/s 80IA If the Entity Operates, Develops, and Maintains Infra
CBIC Department Regularizes GST Notices to Foreign Airlines
Kerala HC Rules Issuance of Summons U/S 70 of GST Act Does Not Constitute Initiation of Proceedings U/s 6(2)(b)
15 Oct 24
ICAI Issues New Quality Management Standards: SQM 1 and SQM 2 for Auditing and Assurance
CBDT Notifies Income Tax Exemptions for Various Public Authorities u/s 10(46) of the IT Act
Income Tax Department Sets Sights on High-Risk Refund Claims
CBIC Sets 18% GST Rate on Affiliation Services to Colleges by Universities
Kerala HC: If an Assessee Fails to Submit a Sales Report for Tax Evasion, Section 74 Must Be Applied