By: AdminJanuary 29, 2025Categories: Income Tax News | News4 Min Read The Income Tax (I-T) Department is conducting search operations at IIFL Group in connection with alleged tax evasion, according…
Bombay High Court Allows 87A Tax Rebate on Special Rate Income, Orders Fix for ITR Utility
By: AdminJanuary 29, 2025Categories: Income Tax News | News4 Min Read Bombay High Court Ruling on Section 87A Rebate In a landmark judgment on January 24, 2025, the Bombay High…
Stay Granted Against Notification Extending Limitation for Adjudication
By: AdminDate: January 29, 2025Category: Important PronouncementsReading Time: 4 Min The Hon’ble Uttarakhand High Court, in Hindustan Construction Company Limited v. Union of India [WPMB No. 548 of 2024, dated…
ICAI Releases Revised 13th Edition of Background Material on GST – January 2025
By: AdminDate: January 29, 2025Category: ICAI | Important NewsReading Time: 4 Min Overview of the Revised Edition The Institute of Chartered Accountants of India (ICAI) has published the 13th edition…
Declaration of Protected Systems under Directorate of Income Tax (Systems)
By: AdminDate: January 29, 2025Category: CBDT Notification | Notification and CircularReading Time: 4 Min Overview of the Notification The Ministry of Finance has issued Notification No. S.O. 498(E) on January…
File LUT for FY 2025-26 on GST Portal: Step-by-Step Guide
By: AdminDate: January 27, 2025Category: GST Portal Updates | Important NewsReading Time: 4 Minutes The GST Portal now allows users to file the Letter of Undertaking (LUT) for the Financial…
Reform Tax Laws in Budget 2025 to Reduce Compliance Costs
By: AdminDate: January 27, 2025Category: TAX NewsReading Time: 4 Minutes With the Union Budget just around the corner, expectations are high for personal income tax rate cuts. In her seventh…
Tax Disputes: India’s Struggle with Amnesty Schemes
By: Admin Date: January 27, 2025 Category: TAX News Reading Time: 4 Minutes India has a long history of tax amnesty schemes, from the "Tyagi scheme" of 1951 to the…
GSTN Advisory: Introduction of E-Way Bill (EWB) for Gold in Kerala
By: AdminDate: January 27, 2025Categories: GST Law | GST Portal Updates | Important NewsReading Time: 4 Minutes The Goods and Services Tax Network (GSTN) has introduced a new feature in…
Bombay High Court Clears Path for Taxpayers to Claim Section 87A Rebate
Background of the Case The Bombay High Court has ruled in favor of taxpayers, allowing eligible individuals to claim the Section 87A rebate under the Income Tax Act, 1961, for…