A day after taking charge as Union Finance Minister, Nirmala Sitharaman is poised to preside over the highly anticipated 53rd GST Council meeting.
The Income Tax department is set to finalize the reassessment of 170,000 notices by March 2025, focusing on undisclosed income from past assessment years.
Shri Pankaj Chaudhary took charge as the Minister of State for Finance in his second consecutive term in the Ministry of Finance, in New Delhi on June 11, 2024
Smt. Nirmala Sitharaman assumed charge as the Union Minister of Finance & Corporate Affairs in New Delhi.
Get ready for the ICAI Convocation in July 2024! Members enrolled between November 2023 and June 2024, and CA Final Exam rank holders from November 2023 will receive their certificates. Check dates and cities for the event.
The Income Tax Department has released the Excel Utility for ITR-5 for the Assessment Year (AY) 2024-25, streamlining the tax filing process for entities required to submit this form.
In a significant move, Prime Minister Narendra Modi's government has reappointed Nirmala Sitharaman as the Finance Minister. The official announcement came on June 10, a day after the ministers took the oath alongside Modi.
It has been decided that apart from the regular release of the devolution amount for the month of June 2024, one additional instalment will be released. This release cumulatively amounts to Rs. 1,39,750 crore in the current month
Private sector lender IDBI Bank Ltd announced on Friday, June 7, that it has received an income tax refund order amounting to ₹2,701.62 crore for the assessment year 2016-17.
Officials from the Directorate General of GST Intelligence (DGGI), Coimbatore, have arrested an individual for availing of fake input tax credit amounting to ₹37.2 crore and passing on fake input tax credit worth ₹65.42 crore.
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