On Monday, the Minister of State for Finance, Pankaj Chaudhary announced that the Income Tax Department has denied tax exemption to the Board of Control for Cricket (BCCI) in India u/s 11 of the Income Tax Act.
Minister of State for Finance Bhagwat Karad disclosed that the RBI has imposed penalties totaling Rs 40.39 crore on various financial entities, including banks, NBFCs and others, during the FY 2022-23.
Government is on track to exceed its total tax collection target for the current financial year, with direct tax and GST collection data suggesting potential it is more than enough
The Lok Sabha passed a bill to raise the age limit of the chairman and members of the GST Appellate Tribunal
Supreme Court Dismisses GST Department's Plea, Upholding High Court Ruling on Input Tax Credit
Finance ministry reported a remarkable 65% surge in the number of Goods and Services Tax (GST) return filers over the past five years, reaching a substantial 11.3 million as of April 2023.
UPI transactions grew from ₹ 1 lakh crore in FY 2017-18 to ₹ 139 lakh crore in FY 2022-23 in value, at a CAGR of 168%
Net Direct Tax collections for FY 2023-24 grow at over 20.66%
Exposure Draft on proposed Consequential provisions for non-compliance with CPE hours requirement on yearly basis from calendar year 2024 onwards
Karnataka High Court has directed the Institute of Chartered Accountants of India (ICAI) to grant membership to Nikkitha KJ, a 23-year-old practising Chartered Accountant from the city.
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