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Indian Space Association seeks GST exemption, tax holiday in Union Budget 2024-25

   25 January 2024 at 09:07

The Indian Space Association (ISPA) has presented a comprehensive set of proposals to the government, seeking favorable fiscal measures in the upcoming Union Budget 2024-25.

Posted in Union Budget |   4440 Views


Final stage of preparations for Interim Union Budget 2024 commences with Halwa Ceremony

   25 January 2024 at 09:06

The Halwa ceremony, marking the final stage of the Budget preparation process for Interim Union Budget 2024, was held in North Block

Posted in Union Budget |   5094 Views


IT department provides clarity on eligibility for deduction of donations to Ram Mandir u/s 80G

   24 January 2024 at 09:23

The Income Tax department has provided clarity on the eligibility of donations made towards the repair, rebuild, or renovation of the Ram Mandir in Ayodhya, administered by the Shri Ram Janmabhoomi Teerth Kshetra Trust.

Posted in Income Tax |   17088 Views


CBDT releases key Direct Tax Statistics through Time-Series data

   24 January 2024 at 09:21

The Central Board of Direct Taxes (CBDT) has been releasing key statistics relating to Direct Tax collections and administration in public domain from time to time.

Posted in Income Tax |   3222 Views


CBDT Releases Circular Explaining Amendments Of Income-Tax Act Carried Out Through Finance Act, 2023

   24 January 2024 at 09:19

The Central Board of Direct Taxes (CBDT) has issued Circular No. 1/2024 on January 23, 2024, offering a detailed explanation of the provisions of the Finance Act, 2023.

Posted in Income Tax |   15948 Views


GSTN Issues Advisory for furnishing bank account details by registered taxpayers under Rule 10A of the CGST Rules, 2017

   24 January 2024 at 09:15

All Registered Taxpayers are required under the provisions of CGST Act, 2017 and the corresponding Rules framed thereunder to furnish details of their bank account/s within 30 days

Posted in GST |   8238 Views


Book-keeping, Accounting and Taxation Added to List of Financial Services in IFSC

   23 January 2024 at 09:19

Indian government has broadened the range of activities permissible at the International Financial Services Centre (IFSC).

Posted in Professional Resource |   13404 Views


5 GST Officials Booked for Allegedly Demanding Rs 5 Crore Bribe from Ghaziabad-Based Businessman

   23 January 2024 at 09:05

In a significant development, the Ghaziabad police have registered an FIR against five officials from the Directorate General of Goods and Services Tax Intelligence (DGGI) for allegedly demanding a hefty bribe of Rs. 5 crore from a local businessman.

Posted in GST |   4005 Views


Income Tax Notices Hit Insurers' Intermediaries for Alleged Fund Routing Violations Under Benami Law

   23 January 2024 at 09:04

In a new twist, insurers and their agents are now grappling with notices under the Benami Transactions (Prohibition) Amendment Act, 2016, following last year's run-ins with income and service tax authorities.

Posted in Income Tax |   7029 Views


Businesses Brace for GST Show Cause Notices as FY19 Deadline Nears 31st Jan 2024

   23 January 2024 at 09:03

With the approaching deadline, businesses across the country are gearing up for a potential deluge of show cause notices from Goods and Services Tax (GST) officials for the Fiscal Year 2018-19.

Posted in GST |   3234 Views



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