By: Admin Date: January 15, 2025 Categories: Important Pronouncements Reading Time: 4 Minutes Introduction The Hon’ble Delhi High Court, in Commissioner of Central Tax, GST v. Adesh Jain [CRL. M.C.…
Tax Relief for the Middle Class: Rising Demands Ahead of Budget 2025
By: AdminDate: January 13, 2025Category: Tax NewsReading Time: 4 Minutes Growing Momentum for Tax Relief As Budget 2025 approaches, demands for tax relief for India's middle class are gaining momentum.…
New Tax Rule: Avoid Tax Deduction on Purchases from IFSC Sellers
By: AdminDate: January 6, 2025Categories: TAX NewsReading Time: 4 Min The Ministry of Finance has introduced a new rule, effective January 1, 2025. This rule allows buyers to avoid tax…
ICAI Advocates for Concessional Tax Regime for Partnership Firms
By: AdminDate: January 6, 2025Categories: ICAI | NewsReading Time: 4 Min The Institute of Chartered Accountants of India (ICAI) has put forth a recommendation for a special concessional tax regime…
Direct Tax Vivad Se Vishwas Scheme: Submit Declaration by Dec 31 to Avoid Higher Tax Costs
By: AdminDate: December 30, 2024Categories: Income Tax News | NewsReading Time: 4 Minutes The Vivad Se Vishwas Scheme, introduced during the Budget 2024 speech by Union Finance Minister Nirmala Sitharaman,…
GST Notices Sent to CNG Kit Providers Over Tax Classification Dispute
By: Admin | December 27, 2024Categories: GST Recent News | 4 Min Read Overview of the Issue The Goods and Services Tax (GST) authorities have issued show cause-cum-demand notices to…
Vivad Se Vishwas Scheme 2024: Settle Tax Disputes by December 31 to Avoid Penalties
Date: December 25, 2024 | By: AdminCategories: Income Tax News | News | Reading Time: 4 Minutes The Vivad Se Vishwas Scheme 2024 provides a golden opportunity for taxpayers to…
Ministry of Finance Year-Ender 2024: Strengthening Financial Intelligence and FATF Compliance
By: AdminDate: December 25, 2024Category: Press ReleaseReading Time: 4 Minutes Key Highlights In 2024, the Department of Revenue enhanced financial intelligence mechanisms and compliance with global standards to counter illicit…
Advance Tax Payment on December 16 Due to Holiday on December 15
Taxpayers with an income tax liability exceeding ₹10,000 are required to pay advance tax as per the Income Tax Act's quarterly schedule to avoid penal interest and penalties. For the…
Bihar GST (Second Amendment) Bill, 2024 Passed by Voice Vote
The Bihar Goods and Services Tax (Second Amendment) Bill, 2024 was passed by voice vote in the Bihar Assembly on Tuesday. The Bill now moves to the Bihar Legislative Council…