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New e-Verification Scheme-2021 Rolled Out by Income Tax Department to Address Mismatches in Taxpayer Returns

   27 February 2024 at 09:08

Income Tax Department has identified certain mismatches between third party information on interest and dividend income, and the Income Tax Return (ITR) filed by taxpayers

Posted in Income Tax |   17241 Views


ICAI to Scrutinize Paytm, Progress Update on BYJU'S Review

   26 February 2024 at 15:43

ICAI President disclosed that the FRRB may soon discuss the recent developments surrounding Paytm, alongside its ongoing review of ed-tech giant Byju's accounts due to governance concerns.

Posted in Others |   4338 Views


GST Council Set to Clarify Tax Exemption for RERA

   26 February 2024 at 14:30

The Goods and Services Tax (GST) Council is poised to provide clarity regarding the exemption of the Real Estate Regulatory Authority (RERA) from GST payments, a senior official has revealed.

Posted in GST |   4077 Views


GST Launches 'Operation White Pepper' to Combat Tax Evasion in Wayanad resorts

   26 February 2024 at 09:12

In a proactive move to curb tax evasion and protect state revenues, the intelligence wing of the GST department has launched "Operation White Pepper," targeting major resorts in the district.

Posted in GST |   2193 Views


Assets Worth Rs 5 Crore Seized in Rs 10,000 Crore GST Fraud Case

   26 February 2024 at 09:10

In a significant development, the Noida police have executed a district court order to attach immovable assets belonging to two Delhi-based individuals accused of orchestrating a massive GST fraud amounting to nearly ₹10,000 crore.

Posted in GST |   2082 Views


RBI Announces Additional Steps for Paytm Payments Bank Customers and Merchants

   26 February 2024 at 09:10

Action against Paytm Payments Bank Ltd under Section 35A of the Banking Regulation Act, 1949 - Additional Steps

Posted in Others |   1479 Views


ICAI releases Mock Test Papers Series-I for CA Final & Intermediate May 2024 Exams

   24 February 2024 at 15:17

The Board of Studies is commencing Mock Test Papers Series - I from 4th March,2024 for Students appearing in CA Final/Intermediate Course for May 2024 Examinations.

Posted in Students |   52227 Views


DGGI Investigates Rs 850 Crore Tax Evasion by Coaching Centers Nationwide

   24 February 2024 at 09:03

DGGI has launched a sweeping investigation into suspected tax evasion amounting to approximately ₹850 crore by major commercial tutoring institutions for the fiscal years 2020-21 and 2021-22.

Posted in GST |   3003 Views


324 Businesses Under Scrutiny for Tax Evasion in 'Bill Leyao, Inaam Pao' Initiative

   24 February 2024 at 09:01

In a recent development, notices have been issued to 324 businesses and retailers suspected of dodging taxes and violating GST provisions.

Posted in GST |   4581 Views


Biocon Faces Rs 3 Crore Penalty Over GST Reporting Errors

   24 February 2024 at 09:00

Biocon Ltd, a leading biopharmaceutical company, disclosed in a regulatory filing that it has been served with an order of adjudication, imposing a penalty of Rs 3,03,78,465.

Posted in GST |   4347 Views



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