By: Admin|August 01, 2024|Categories: GST Recent News India’s second-largest IT company, Infosys, has recently come under scrutiny following a demand for alleged tax evasion exceeding ₹32,000 crore from the Directorate…
Key Income Tax Deadlines for August 2024: Essential Dates You Need to Know
By: Admin|July 31, 2024|Categories: Income tax calendar As we enter August 2024, it's crucial for taxpayers and businesses in India to be aware of several important tax compliance deadlines. Meeting…
Government Announces New Principal and State Benches for GSTAT
By: Admin|July 31, 2024|Categories: GSTAT| Notification and Circular India's judicial system is structured to ensure access to justice across its vast expanse. One crucial aspect of this framework is the…
Hindustan Zinc Faces Rs 1,170-Crore Tax Demand; Company Plans to Appeal Notice
By: Admin|July 31, 2024|Categories: Income Tax News|News On July 30, Hindustan Zinc, a prominent subsidiary of Vedanta, received a significant tax demand notice amounting to Rs 1,170 crore, inclusive of…
CID Investigates Rs 1,400 Crore GST Fraud Case Involving Former Chief Secretary Somesh Kumar
By: Admin|July 31, 2024|Categories: GST Recent News In a significant development in the realm of tax fraud investigations, the case of an alleged Goods and Services Tax (GST) fraud involving…
Supreme Court Clarifies Scope of ‘Intermediary Services’ under GST Regime
By: Admin|July 31, 2024|Categories: GST | Update | Case In recent years, the classification of 'intermediary services' under the Goods and Services Tax (GST) regime has been a contentious issue,…
Vodafone Idea Faces Rs 27.3 Crore GST Penalty for Re-Availing Credit Reversed in FY20
By: Admin|July 31, 2024|Categories: GST Recent News Introduction to Vodafone Idea's GST Penalty Issue Vodafone Idea, a prominent player in the telecom sector, has recently been embroiled in a significant…
Revenue Secretary: 70% of 6 Crore FY24 ITRs Filed Under New Tax Regime
By: Admin|July 31, 2024|Categories: Income Tax News|News Introduction In a significant development for taxpayers in India, approximately 6 crore income tax returns (ITRs) were filed for the fiscal year 2023-24.…
Budget 2024 Plugs Property Tax Loophole: Owners Face Increased Tax Burden
By: Admin|July 30, 2024|Categories: Income Tax News|News The Union Budget 2024 has introduced a significant amendment aimed at tightening the taxation rules concerning rental income from residential properties. Finance Minister…
Essential Guide for Traders: Reporting F&O Trading Taxes
By: Admin|July 30, 2024|Categories: Income Tax News|News As the deadline for filing income tax returns approaches, traders engaged in Futures and Options (F&O) trading face a critical task: accurately reporting…