Expanding investigation into allegedly wrongful claims of input tax credit by insurance companies, the tax authorities are probing a section of auto-mobile dealers
GST officers have started sending notices to over a dozen insurance companies for availing input tax credit on the basis of bogus invoices in the last six years, sources said.
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired a periodic review meeting with Central Board of Direct Taxes (CBDT)
The Supreme Court has held that the income tax (I-T) department cannot reopen completed assessments under the Section 153A of the I-T Act
Income Tax Department releases Excel utilities of ITR 1 and ITR 4 for AY 2023-24 & made them available for filing.
GSTN is pleased to inform you that the functionality for bank account validation is now integrated with the GST System. This feature is introduced to ensure that the bank accounts provided by the Tax Payer is correct.
The Income Tax Department has notified that Form 10 now available for filing on Income Tax Portal, which was earlier notified via Notification No. 96/2022 issued in August 2022.
Various Handbooks released by ICAI under Direct Taxation
The income-tax (I-T) department sent notices to two large private banks in its ongoing investigation into possible malpractices involving commission payments made by insurance companies, says a report.
GST evasion detection by tax officers almost doubled year-on-year to over Rs 1.01 lakh crore in the just concluded 2022-23 fiscal, an official said.
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