01 Jul 24

CBDT Mandates Electronic Filing of Appendix-II Forms under Income Tax Rules 1962

GST Implementation Leads to 134% Increase in New Taxpayers Over 7 Years

MCA to Launch Third Set of Company Forms on 15th July 2024

30 Jun 24

Central Govt appoints Ravi Agarwal as CBDT Chairman

AAR Uttarakhand: NIL GST on Warehousing or Storage of Cereals, Pulses, Fruits, and Vegetables

29 Jun 24

Kolkata ITAT Directs Assessee to Correct Address Due to Improper Service by the CIT or AO

CBIC Clarifies Tax Liability & GST ITC Availability Via Cir No. 216/10/2024 on Warranty

CBIC Issues GST Cir No-215/9/2024 for Clarification on Salvage from Motor Insurance Claims

26 Jun 24

Madhya Pradesh Cabinet Ends 1972 Rule: Ministers to Pay Their Own Income Taxes

GST Council to Reconstitute 3 GoMs as 11 New State Ministers Join

PM Modi: GST Helped Lower Prices of Essential Commodities for People

25 Jun 24

53rd Council Recommends Common Time Limits for GST Demand Orders and Notices

Madras HC: Inconsistencies in GSTR-1 and 3B Forms Are Grounds for Appeal, Not Evident Errors

53rd GST Council Waives Interest and Penalties on Tax Demand Notices Issued U/S 73

53rd GST Council Meeting: List of New Rate Changes for Goods and Services

24 Jun 24

Budget 2024-25: FM Nirmala Sitharaman Chairs Pre-Budget Consultation with State Finance Ministers

53rd GST Council Meeting: Key Highlights

Gaming Industry Faces Continued Uncertainty Following 53rd GST Council Meeting

AP HC: GST Proceedings Are Invalid Without a Document Identification Number

23 Jun 24

GST Council May Introduce Payment Guidelines for the Telecom Sector

Delhi ITAT: Not Compulsory to Submit Form 67 to Avail FTC (Foreign Tax Credit)

Mumbai ITAT Quashes Addition Due to Lack of Proof About Money Receipt from Seized Documents

22 Jun 24

Bombay HC Grants Interim Bail, Stating Routine Arrests Under GST Not Permissible on Mere Allegations

Buying Agricultural Land Doesn’t Come Under Capital Asset, Delhi ITAT Quashes Addition

Madras High Court Sets Aside GST Assessment Order Issued to Deceased Person

21 Jun 24

Kerala HC: No Income Tax Exemption for Employees on Earned Leave Encashment Without Government Notification

Madras High Court Quashes GST Order Issued U/S 63 Due to Lack of Opportunity to Respond

IT Notice U/S 148 Without Modified Process is Invalid: Telangana HC Quashes Reassessment Notice

GST Order Issued Without Hearing U/S75(4): Madras HC Directs for Reconsideration

20 Jun 24

Delhi ITAT Cancels Penalty U/S 271(1)(b) as Tax Notice Sent to Old Address Without Confirmation

GST Council May Launch GSTR-1A Form to Allow Changes Before 3B Filing

CBDT Shares Direct Tax Collections Increased by 22.19 Percent

19 Jun 24

Unintentional Error in GSTR-3B Filing: Madras HC Directs Issuance of Fresh GST Order

Budget 2024: Govt Poised to Slash Personal Income Tax Rates

Gross Direct Tax collections for FY 2024-25 register a growth of 22.19%

18 Jun 24

Food Grains Merchants Demand a Solution for Grievances Concerning GST from the Centre

CBDT Targets to Finish the Reassessment of 1.7 Lakh Notices By Mar 2025

Important Checklist for Business Income When Filing ITR

12 Jun 24

Madras High Court Rejects GST ITC Mismatch Demand Due to Ignored Key Certificates

Deduction u/s 80G of Income Tax Act Allowable on CSR Expenditure: ITAT [Read Order]

Nirmala Sitharaman Will Take Charge as a Union FM in 3rd Term of Modi’s Cabinet

UP AAR: GST Applies to Sale of Residential Units, Classified as Services Not Immovable Property

11 Jun 24

Kerala High Court Ruling: An Assessee Can Claim Deduction U/S 80P By Filing ITR on Time

Mumbai ITAT: Income Earned from Reselling Subscription-Based Products Comes Under Royalty

Tamil Nadu AAR: ITC is Not Allowable for Rotary Car Parking Systems Under GST

Centre releases Rs 1.39 lakh crore installment of Tax Devolution to States

Nirmala Sitharaman Reappointed as Finance Minister in Modi`s Third Cabinet

Excel Utility of ITR-5 for AY 2024-25 is now available for filing

10 Jun 24

Central Excise Bill, 2024 Expected to be Introduced in Upcoming Budget Session

ICAI Seeks AI Proposals: Invitation to AI Firms for Finance and Accounting Solutions