By: AdminApril 25, 2024Categories: Income Tax|Income Tax News4 Min Read Direct tax revenues rose by an impressive 18 percent in 2023-24. A similar trend has been seen in goods and…
CBDT notified the income tax exemption to “Kerala Autorickshaw Workers Welfare Fund Scheme, Kollam” u/s 10(46) of the IT Act
By: AdminApril 25, 2024Categories: CBDT Notification|Notification And Circular4 Min Read The CBDT vide Notification No. 41/2024 dated April 24, 2024, has notified the income tax exemption to the “Kerala Autorickshaw…
Tax season picks up pace, over 250,000 ITRs filed so far
By: AdminApril 25, 2024Categories: Income Tax|Income Tax News4 Min Read As the tax filing season for the assessment year 24-25 gains momentum, official data reveals that a notable number of…
SEZ units exempt from IGST on certain services from DTA players: AAR ruling
By: AdminApril 25, 2024Categories: GST Recent News4 Min Read Units operating within special economic zones (SEZs) could potentially be exempt from paying the integrated goods and services tax (IGST) on…
CBIC; Extension period for 3 months to Ortho-phosphoric Acid which is used for manufacturing of Fertilizers from applicability of BIS standard IS 798:2020 implemented through QCO
By: AdminApril 25, 2024Categories: CBIC|Notification And Circular4 Min Read The CBIC issued Instruction No. 09/2024-Customs April 22, 2024 regarding the extension period for 3 months to Ortho-phosphoric Acid which is…
Deadline Extended for Halal Certification Bodies Accreditation and Export Units Registration Until July 4, 2024
By: AdminApril 25, 2024Categories: DGFT|Notification And Circular4 Min Read The DGFT vide Notification No. 08/2023 dated April 23, 2024 regarding the streamlining of Halal Certification Process for Meat and Meat…
Infosys faces penalty from Odisha GST department
By: AdminApril 25, 2024Categories: GST Recent News4 Min Read IT services major Infosys on Tuesday said the Odisha GST authority has imposed a penalty of Rs 1.46 lakh on the…
Delhi HC issued notice to decide on the taxability of providing corporate guarantee by holding company to a subsidiary
By: AdminApril 23, 2024Categories: Important Pronouncements4 Min Read The Hon’ble Delhi High Court heard the case of Sterlite Power Transmission Ltd. v. Union of India [WP (C) 2966 of 2024]…
Income Tax Act amendment on cards on tax treatment of MSME dues
By: AdminApril 23, 2024Categories: Income Tax|Income Tax News4 Min Read A change introduced last year in the Income Tax Act to help small businesses receive timely payments might have had…
Gold prices rise 7.60% this month, 15% in YTD; How income tax rule applies on your gains: Know Here
By: AdminApril 23, 2024Categories: Income Tax|Income Tax News4 Min Read Income tax rule for gold: Amid fear of the Iran-Israel war, the gold rate today is in an uptrend bias.…