Excel utility of ITR-7 for AY 2023-24 is available for filing. You can download it from the Income Tax Department website.
Gross GST collection crosses ₹1.6 lakh crore mark for 4th time since inception of GST; ₹1.4 lakh crore for 16 months in a row
CBDT (Central Board of Direct Taxes) issued a Circular on June 30, 2023 to remove difficulty in the implementation of changes relating to TCS on LRS and on purchase of overseas tour program package.
The income tax department has busted a Rs 40 crore tax refund scam in Hyderabad. The scam involved eight tax consultants, several employees of the railways and police department, and several technology companies in Hyderabad and Vijayawada.
The evolving artificial intelligence (AI) paradigm is nudging the accounting profession to readapt itself and move towards specialization and tasks involving more objectivity, cognitive ability, and behavioural skills to be relevant.
Cut-off date for the constitution of the firm and its members will now be as on 1st July, 2023 considering submission of Form 18 up to one month of submission (till 31st July, 2023) without condonation of delay
ICAI has unveiled its new logo to commemorate the start of its 75th year.
Tata Sons has challenged a ₹1,500 crore tax demand on its $1.27 billion settlement with NTT Docomo in 2017. The settlement was reached over a now-defunct telecom joint venture between the two companies.
Hudkeshwar police have registered a case of fraud against Rahul Kamalkumar Jain and his wife Shruti, residents of Parwarpura, Itwari, for allegedly manipulating GST worth crores by misusing documents of a city youth.
The number of active GST taxpayers in Gujarat has increased by 124% in six years, from 5.08 lakh on July 1, 2017, when the new regime came into effect to 11.44 lakh now.
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