By: AdminApril 22, 2024Categories: Important Pronouncements4 Min Read The Hon’ble Bombay High Court in the case of Shantanu Sanjay Hundekari v. Union of India and Ors [Writ Petition (L) No.…
India is emerging as a major manufacturing & export hub with launching of new schemes; as of now, 99% of electronic devices India uses are made in India, locally: Ashwini Vaishnav
By: AdminApril 22, 2024 Categories: export import|News 4Min Read The Union Minister Shri Ashwini Vaishnaw said, with the introduction of new schemes and preparing a framework in about a dozen…
ITAT Rules Bank Balances from HSBC Geneva Leak Can’t Be Retroactively Taxed as Income
By: AdminApril 22, 2024 Categories: Income Tax|Income Tax News 4 Min Read A recent ruling by the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has significant implications for…
Yes Bank shares gain on Rs 284.21-crore tax refund order
By: AdminApril 22, 2024 Categories: Income Tax|Income Tax News4 Min Read Shares of Yes Bank gained in early trade on April 22 after the company received a tax refund order…
Up tax for car ownership to reduce traffic
By: Admin April 22, 2024 Categories: News 4 Min Read Building good infrastructure, increasing public transportation networks, improving cycling and pedestrian infrastructure, levying additional tax on the purchase of new…
Net Direct Tax collections (provisional) for Financial Year (FY) 2023-24 exceed Union Budget Estimates by Rs. 1.35 lakh crore i.e. by 7.40%
By: AdminApril 22, 2024Categories: Income Tax|Press Release4 Min Read The provisional figures of Direct Tax collections for the Financial Year (FY) 2023-24 show that Net collections are at Rs. 19.58…
Mumbai Couple Arrested in Rs 6.4 Crore GST Fraud; Remanded to Judicial Custody
By: AdminApril 22, 2024Categories: GST Recent News4 Min Read In Mumbai, the State Cell Department's GST division apprehended a duo from Khalapur, Raigad, over an alleged scam amounting to Rs…
GST Dispute Leads to Suspension of Mustard Crop Procurement in Haryana’s Charkhi Dadri District
By: AdminApril 22, 2024Categories: GST Recent News4 Min Read The imposition of the Goods and Services Tax (GST) on the purchase of the mustard crop by commission agents, known as…
Income Tax Department sets up control room for cash transactions
By: AdminApril 22, 2024Categories: Income Tax|Income Tax News4 Min Read The Pune income tax department has set up a special control room for Pune and other districts of Pune division…
Penalty of Rs 3.48 crore imposed on Vedanta for tax evasion
By: AdminApril 22, 2024Categories: GST Recent News4 Min Read penalty worth Rs 3.48 crore has been imposed on mining company Vedanta in a case pertaining to input tax credit during…