Date: July 08, 2024Category: CBDT Notification | Income Tax Updates The Central Board of Direct Taxes (CBDT) has issued comprehensive guidelines on June 26, 2024, for issuing notices under Section…
Budget 2024: Government Reviews Proposal to Increase Tax-Exempt Savings Account Interest to ₹25,000
Enhancing Tax Deductions on Savings Account Interest: A Potential Boost for India's Banking Sector In a bid to stimulate deposit growth and bolster the banking sector, the Indian government is…
GST Council decisions to be incorporated in the Finance Bill: CBIC Chairman Sanjay Kumar Agarwal
By: AdminJuly 04, 2024Categories: CBIC|News4 Min Read CBIC Chairman Sanjay Kumar Agarwal on Wednesday said the decisions taken at the GST Council meeting last month, like amnesty scheme for initial…
Union Budget 2024: Sivakasi firecracker industry want GST reduced
By: AdminJuly 03, 2024Categories: GST Recent News4 Min Read Sivakasi in Tamil Nadu is known for its firecracker industry. The firecracker industry here has a turnover of around Rs 5,000…
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…
Appeal cannot be rejected on the procedural lapse of non-submission of order
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…