By: AdminApril 20, 2024Categories: INDIA GDP NEWS4 Min Read In an optimistic turn for India's financial landscape, the International Monetary Fund (IMF) has recently updated its economic forecast for the…
Govt kicks off direct tax code revision
By: AdminApril 20, 2024Categories: Income Tax News|News4 Min Read The Narendra Modi government, if voted back to power, will implement the long-delayed Direct Taxes Code (DTC) on a priority basis,…
RBI imposes Rs 10-lakh monetary penalty on NABFINS citing non-compliance
By: AdminApril 20, 2024Categories: News|RBI4 Min Read The Reserve Bank of India (RBI) on April 15 imposed a monetary penalty of Rs 10 lakh on NABFINS Limited, a subsidiary of…
Whether to File an Appeal or Wait for Rectification: Analyzing Timelines and Legal Precedents under DGST Act
By: AdminApril 20, 2024Categories: GST Law|Our Articles4 Min Read Query raised: The matter pertains to DGST The Order had an error apparent on the face of it and the rectification…
Supreme Court to Examine Rs 33,000 crore Income Tax claim on Jaypee Infratech, Impacting 22,000 Homebuyers
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…