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Taxpayers on Notice: CBDT Chairman Targets Non-filers for Income Tax Returns

   10 February 2024 at 09:30

The Income Tax Department in India, under the leadership of Nitin Gupta, Chairman of the CBDT, is gearing up to issue notices to individuals who have failed to file tax returns despite having taxes deducted at the source from their incomes

Posted in Income Tax |   6744 Views


Supreme Court Upholds CA Misconduct Rule: Board Empowered to Refer Cases to Disciplinary Committee

   09 February 2024 at 10:05

In a landmark decision on Thursday, February 8, the Supreme Court of India made a significant ruling regarding the Chartered Accountants' (Procedure of Investigation of Professional and Other Misconduct and Conduct of Cases) Rules, 2007.

Posted in Professional Resource |   7161 Views


MCA Extends Deadline and Waives Fees for LLP BEN-2 and Form No. 4D Filings

   09 February 2024 at 09:18

MCA has taken a significant step to ease compliance burdens on LLPs by providing relaxation in additional fees and extending the deadline for filing Form No. LLP BEN-2 and LLP Form No. 4D under the Limited Liability Partnership Act, 2008.

Posted in Corporate Law |   6717 Views


Gujarat's GST Evasion: Over 9,000 Cases Reported in Last 4 Years

   09 February 2024 at 09:17

Gujarat, often heralded as the epicenter of the business community, is grappling with a significant surge in Goods and Service Tax (GST) evasion cases, reaffirming its pivotal role in the nation's economic landscape.

Posted in GST |   2628 Views


RBI Expected to Provide Clarification on Paytm Services, Says Financial Services Secretary

   09 February 2024 at 09:16

The Reserve Bank of India (RBI) is deliberating on potential actions regarding Paytm Payments Bank (Paytm PB) following regulatory non-compliance issues

Posted in Others |   2490 Views


Over 2.16 Lakh Individuals Earn Above Rs 1 Crore in AY 2023-24

   09 February 2024 at 09:16

The latest data presented in Parliament by Minister of State for Finance Pankaj Chaudhary has revealed a remarkable surge in the count of individuals earning more than Rs 1 crore annually in India

Posted in Income Tax |   4512 Views


RBI Keeps Repo Rate Unchanged At 6.50%

   08 February 2024 at 13:07

On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today

Posted in Others |   1845 Views


Lok Sabha Passes Finance Bill 2024

   08 February 2024 at 09:30

On Wednesday, the Lok Sabha marked a significant milestone in India's fiscal landscape by passing the Finance Bill 2024, effectively concluding the legislative process for the interim budget 2024-25.

Posted in Union Budget |   5352 Views


Paytm CEO Meets FM Nirmala Sitharaman Amid Paytm Payment Bank Crisis

   08 February 2024 at 09:28

In a bid to address the escalating crisis involving Paytm's banking arm, Paytm Payment Bank (PPBL), Vijay Shekhar Sharma, the founder and CEO of Paytm, held a crucial meeting with Union Finance Minister Nirmala Sitharaman on February 6.

Posted in Others |   2676 Views


New ITR-5 & ITR-6 Mandate MSME Registration from April 1, 2024

   08 February 2024 at 09:24

In a move towards streamlining tax procedures and enhancing transparency, the Income Tax Department has introduced significant changes to income tax return (ITR) forms, effective April 1, 2024.

Posted in Income Tax |   22071 Views



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