By: AdminJuly 02, 2024Categories: Important Pronouncements4 Min Read The Hon’ble Madras High Court in Indian Potash Ltd. v. Deputy Commissioner (ST) [W. P. Nos. W.P. NOS. 12497, 12498, 12500 &…
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.…
Good news for ITR Filers; You can now file tax audits with Aadhaar OTP, no digital signature required
By: AdminJune 29, 2024Categories: Important News|Income Tax News4 Min Read The Income Tax Department has introduced a new verification method for tax audit forms, allowing taxpayers to use Aadhaar OTP…
ITR filing 2023-24: Keep this list of crucial documents at hand while filing income tax returns
By: AdminJune 28, 2024Categories: Income Tax|Income Tax News4 Min Read July 31 – the due date for filing income tax returns for the financial year 2023-24 – is now just…
Search and Seizure of a godown cannot lead to penalty
By: AdminJune 28, 2024Categories: Important Pronouncements4 Min Read The Hon’ble Allahabad High Court in the case of M/s. Gopi Chand Batra Traders v. State of Uttar Pradesh [Writ Tax No.…
Futures and Options (F&O) transactions may attract higher tax rate
By: AdminJune 21, 2024Categories: Income Tax News|News4 Min Read The government is considering various options to discourage retail participation in the futures and options (F&O) segment. The proposed steps include…
Govt may hike exemption limit under new tax regime to Rs 5 lakh; relief unlikely for the rest
By: AdminJune 19, 2024Categories: Income Tax News|News4 Min Read The government is looking to give the country's impressive GDP growth a consumption boost to address weaker levels of spending by…
Budget 2024: Personal income tax rates likely to be slashed
By: AdminJune 18, 2024Categories: Income Tax News|News4 Min Read The government is reportedly considering reforms to the current income tax structure, particularly targeting lower income levels, to boost consumption, reported…
Income Tax returns show doubling of capital gains in AY23
By: AdminJune 18, 2024Categories: Income Tax News|News4 Min Read Income tax assessee’s have shown capital gain nearly double, during Assessment Year 2022-23 (AY23), as compared to AY22. Interestingly, Long Term…