By: Admin July 06, 2024 Categories: Income Tax News|News4 Min Read Even though the Department for Promotion of Industries and Internal Trade (DPIIT) has recommended the finance ministry remove the angel…
Indian pharma firms seek govt tax reliefs, incentives to spur innovation
By: AdminJuly 06, 2024Categories: Income Tax News|News4 Min Read India's Pharmaceutical Sector Seeks Government Support to Boost Innovation India's pharmaceutical industry, renowned globally as the 'pharmacy of the world' for…
Relief for industry as govt cracks down on GST demand notices
By: AdminJuly 06, 2024Categories: GST Recent News4 Min Read In a major relief for the industry and GST taxpayers in the country, the government has decided to send any GST…
CBIC: Revised Monetary Limits for Adjudication of SCNs in Central Excise for commodities classified under Chapter 24 of Schedule IV of Central Excise Act
By: AdminJuly 05, 2024Categories: Notification And Circular>Customs4 Min Read The CBIC issued Circular No. 1086/01/2024-CX dated July 03, 2024 regarding the revised Monetary Limits for Adjudication of Show Cause Notices…
Govt may discontinue monthly GST releases; shorter statement on the cards
By: AdminJuly 03, 2024Categories: GST Recent News4 Min Read The finance ministry may discontinue the practice of releasing a statement outlining GST collections data on the first day of every…
Jaipur jewellers seek GST relief and higher cash transaction limits
By: AdminJuly 03, 2024Categories: GST Recent News4 Min Read The jewellers in Rajasthan’s Jaipur have many hopes from the upcoming Union Budget and they shared their wish-list with PTI. The…
Income tax relief: Budget 2024 may increase standard deduction limit to ₹1 lakh
By: AdminJuly 03, 2024Categories: Income Tax News|News4 Min Read The Finance Ministry is contemplating an increase in the standard deduction limit under the new tax regime, according to CNBC Awaaz…
Charges received by the taxpayer for services at the Ayurveda Centre, Beauty Parlor, and Convention Centre within the hotel attract luxury tax
By: AdminJuly 02, 2024Categories: Important Pronouncements4 Min Read The Hon’ble Kerala High Court, Ernakulam in the case of State of Kerala v. M/s M. Far Hotels Ltd. [O.P (Tax) No.…
GSTN enabled option for Search Taxpayer through mobile number
By: AdminJuly 02, 2024Categories: GST Law|GST Portal Updates|Important News4 Min Read The GSTN has enabled an option for Search Taxpayers through mobile numbers. To access this feature, follow these steps:…
Income tax calendar for July 2024: Key deadlines you should know
By: AdminJune 30, 2024Categories: Important News|Income Tax|News4 Min Read As we approach July 2024, taxpayers and financial institutions in India must note critical deadlines set by the Income Tax Department.…