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Rajasthan GST Department Unveils Detailed Procedure for Amnesty Scheme 2024

   06 March 2024 at 09:03

In a move to streamline outstanding demands and disputed amounts, the Rajasthan GST Department has introduced the Amnesty Scheme-2024, aiming to provide relief to taxpayers and facilitate the resolution of pending issues.

Posted in GST |   624 Views


Ex-Income Tax Officials Sentenced to 3 Years in Corruption Case

   06 March 2024 at 09:02

In a landmark ruling, a Central Bureau of Investigation (CBI) court has delivered a resounding blow against corruption by sentencing two former income tax officials, Mahesh Sompura and Mukesh Raval, to three years in prison each.

Posted in Income Tax |   519 Views


CBDT Extends Deadline for Trusts, Institutions to File Audit Reports on or before 31st March, 2024

   06 March 2024 at 09:01

CBDT allows certain trusts/institutions to furnish the audit report in the applicable Form No. 10B / 10BB on or before 31st March, 2024

Posted in Income Tax  1 comments |   7026 Views


FM Sitharaman Urges Clarity on GST Classification-Related Issues

   05 March 2024 at 15:01

FM Nirmala Sitharaman, in a recent address at the National Conference of Enforcement Chiefs of the State and the Central GST Formations, emphasized the necessity for clarity on classification-related issues within the GST framework.

Posted in GST |   4584 Views


Udyam Assist Platform Registers 1.50 Crore Informal Micro Enterprises in Last 14 Months

   05 March 2024 at 15:00

Udyam Assist Platform was launched by the Ministry of Micro, Small and Medium Enterprises on 11th January 2023 to facilitate registration of Informal Micro Enterprises (IMEs) through generation of Udyam Assist Certificate.

Posted in Corporate Law |   297 Views


Income Tax Department Enables Online Filing for Form I SWF

   05 March 2024 at 14:58

The Income Tax Department released an update notifying taxpayers of the enabling of online filing for Form I SWF.

Posted in Income Tax |   672 Views


Income Tax Department Urges Taxpayers to File ITR-U for AY 2021-22 by 31st March 2024

   05 March 2024 at 09:01

Last date for filing of updated returns (ITR-U) for A.Y. 2021-22 (i.e. for F.Y. 2020-21) is 31.03.2024

Posted in Income Tax  1 comments |   4776 Views


Finance Ministry Expected to Delay 45-Day Payment Rule for MSMEs Until April 2025

   05 March 2024 at 08:57

Sources reveal that the Finance Ministry is contemplating a deferment of the enforcement of Rule 43B (h) under the Income Tax Act, which necessitates payments to micro, small, and medium enterprises (MSMEs) within 45 days.

Posted in Income Tax  4 comments |   17748 Views


FM Sitharaman Leads Groundbreaking GST Enforcement Conference, Paving the Way for Transparent Tax System

   05 March 2024 at 08:56

Union Finance Minister Smt. Nirmala Sitharaman inaugurates first-ever National Conference of Enforcement Chiefs of the State and the Central GST Formations in New Delhi

Posted in GST |   678 Views


Chartered Accountant Defrauded of Rs 4.11 Crore In Investment Scam

   04 March 2024 at 09:12

The Kurar Police has initiated legal action against individuals accused of defrauding a chartered accountant, Pradeep Parameshwarlal Banka, to the tune of Rs 4.11 crore.

Posted in Union Budget |   4596 Views



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