CBDT has issued a new notification announcing further amendments to the Income-tax Rules, 1962. Officially termed the Income-tax (Sixth Amendment) Rules, 2024, these changes will take effect on July 1st, 2024.
In an important directive aimed at refining tax recovery procedures, the Central Board of Indirect Taxes and Customs (CBIC) has issued new instructions to its field formations regarding the recovery of tax demands from businesses.
The Central Board of Indirect Taxes & Customs (CBIC), Department of Revenue, Ministry of Finance, invites suggestions on the draft 'Central Excise Bill, 2024' from stakeholders by 26th June 2024.
Stringent Action against candidates for adopting Unfair Means during CA Examination
ICAI has launched Self-Paced Module Test (SPMT) Portal for the candidates who have completed prescribed learning hours for respective Self-Paced Online Module A and Module B
In a significant development, the Income Tax Department has levied a penalty of Rs 4,68,91,352 on Larsen & Toubro Ltd (L&T), as revealed in a recent regulatory filing. This penalty stems from tax proceedings related to the now-merged L&T
In a significant milestone in the digital transformation of CBIC, Sh. Sanjay Kumar Agarwal, Chairman CBIC launched the GSTN Back Office application for CBIC officers which will bring scale, speed and uniformity in the indirect tax administration.
The Goods and Services Tax Network (GSTN) has enabled a new feature on the GST Portal. Taxpayers can now actively choose 'Yes' or 'No' for a personal hearing while responding to the GST DRC-01 notice.
Gross GST revenue collection in May 2024 stands at Rs 1.73 lakh crore; Records 10% y-o-y growth
Income Tax Department has achieved a remarkable feat by seizing a staggering amount of Rs 1100 crore in cash and jewellery during the ongoing Lok Sabha elections, marking a remarkable 182% increase compared to the 2019 elections.
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