By: AdminApril 20, 2024Categories: Income Tax News|News4 Min Read On April 15, 2024, the Supreme Court announced it would scrutinize the Commissioner of Income-Tax's assessment that imposed a ₹33,000 crore…
Income Tax Alert: Here Are 5 High-Value Transactions That May Come Under Scrutiny
By: AdminApril 20, 2024Categories: Income Tax News|News4 Min Read In recent times, a misconception has been prevalent among the people regarding the traceability of cashless transactions by the Income Tax…
Old or new tax regime? Which one is better for you in the new fiscal year
By: AdminApril 20, 2024Categories: Income Tax News|News4 Min Read Choosing between India’s new and old tax regimes depends on your individual financial situation, income sources, and investment habits. Remember, from…
Cipla gets Rs 1.83 crore penalty for claiming inadmissible transitional credit on education cess
By: AdminApril 20, 2024Categories: GST Recent News4 Min Read Pharma major Cipla Ltd on Friday said it has been imposed a penalty of Rs 1.83 crore by the GST authority…
To beat the last minute rush, some taxpayers start filing ITRs early
By: AdminApril 20, 2024Categories: Income Tax News|News4 Min Read To beat the last minute rush, at least some taxpayers have started filing their income tax returns for assessment year 2024-25…
Supreme Court issues notices on plea challenging anti-profiteering provisions
By: AdminApril 20, 2024Categories: GST Recent News4 Min Read The Supreme Court on Friday issued notices to the central government, the Central Board of Indirect Taxes and Customs (CBIC), the…
Right to sleep can’t be violated: Bombay High Court to Enforcement Directorate
By: AdminApril 19, 2024Categories: News ED4 Min Read The Bombay High Court said that the right to sleep is a "basic human requirement" and not providing it violates a person's…
Paytm begins user migration to new UPI IDs; here is how it will affect you
By: AdminApril 19, 2024Categories: UPI News4 Min Read After the Paytm Payments Bank crisis, Paytm's parent firm One 97 Communications Limited (OCL) began the migration of its customers to other…
Goods seized cannot be released by invoking writ jurisdiction if no application filed for release of goods under GST
By: AdminApril 19, 2024Categories: Important Pronouncements4 Min Read The Hon’ble Calcutta High Court in the case of Kanak Timber House v. Assistant Commissioner of Sales Tax [W.P.A. NO. 4729 of…
AIGF Reports $2.5 Billion GST Loss to Exchequer from illegal, betting firms, Urges Swift Government Action
By: AdminApril 19, 2024Categories: GST Recent News4 Min Read The All India Gaming Federation (AIGF) has reported that illegal offshore betting and gambling operations are causing a significant financial loss…