By: AdminMay 10, 2024Categories: GST Recent News4 Min Read With premiums going through the roof, people are anxious over health insurance burning a hole in their pockets. Industry insiders and…
After 7-year wait, GST Appellate Tribunal may finally be operational soon
By: AdminMay 10, 2024Categories: GSTAT|News4 Min Read While legal experts commended the appointment of the first president of the GST Appellate Tribunal (GSTAT), they opined that the government needs to…
Gifted shares may escape capital gains tax if HC ruling sets precedent
By: AdminMay 09, 2024Categories: Income Tax|Income Tax News4 Min Read If shares are transferred as a gift, there may not be capital gains tax on them, provided a recent Bombay…
Benefit enjoyed by bank staff in form interest free loans taxable, says Supreme Court
By: AdminMay 09, 2024Categories: Income Tax News|News4 Min Read The Supreme Court has said the benefit enjoyed by bank employees from loans free from interest or at a concessional rate…
Traders’ Bodies To Move High Courts Against New Tax Rule On MSE Payments
By: AdminMay 09, 2024Categories: Income Tax News|News4 Min Read Major traders' associations across India are preparing to move High Courts next week against the recently introduced clause 43B(h) in the…
India’s Toy Exports Witness A Marginal Decline In FY’24 Despite Quality Control Efforts
By: AdminMay 09, 2024Categories: export import|News4 Min Read India's toy exports witnessed a marginal decline in the financial year 2023-24, slipping to USD 152.34 million from USD 153.89 million in…
GST official gets 3 years in jail over Rs 25,000 bribe in Bengaluru
By: AdminMay 09, 2024Categories: GST Recent News4 Min Read The Special Judge for CBI cases in Bengaluru on Wednesday sentenced Jitendra Kumar Dagur, the then Superintendent of Central Excise and…
Online MSME traders say red tape in GST registration affecting business
By: AdminMay 09, 2024Categories: GST Recent News4 Min Read The Forum for Internet Retailers, Sellers & Traders (FIRST) India, a division of India Small and Medium Enterprises (SME) Forum, have…
MCA Extends Deadline and Waives Fees for LLP Form BEN-2 and 4D Filings Until July 1, 2024
By: AdminMay 09, 2024Categories: MCA|Notification And Circular4 Min Read The MCA issued General Circular No. 03/2024 dated May 07, 2024 regarding the Relaxation of additional fees and extension of last…
CBDT notified the income tax exemption to “Tamil Nadu Electricity Regulatory Commission” u/s 10(46) of the IT Act
By: AdminMay 09, 2024Categories: CBDT Notification|Notification And Circular4 Min Read The CBDT vide Notification No. 42/2024 dated May 08, 2024, has notified the income tax exemption to the “Tamil Nadu…