The Karnataka cabinet, on September 7, deferred the approval of a draft ordinance to impose a 28 percent Goods and Services Tax (GST) on online money gaming, casinos, and racecourses.
Income Tax Department has released the Advance Tax Calculator for the Financial Year 2023-24, as amended upto the Finance Act of 2023. The calculator is available on the Income Tax Department website.
The Income Tax Department has sent intimation notices to over 22,000 taxpayers as deductions do not match the information furnished in their Form 16 or AIS or the data available with the Income Tax Department.
Central Board of Indirect Taxes and Customs (CBIC) notified Rules 31B and 31C for determining the value of supply for online gaming and actionable claims in the case of casinos on September 6, 2023.
Income Tax Department has released the tax rates for all taxpayers for the Assessment Year 2023-24 and Assessment Year 2024-25.
Income Tax Department has released an updated offline utility for Forms 3CA-3CD and 3CB-3CD on September 6, 2023. The utility can be downloaded from the Income Tax Department's website.
Income Tax Department has enabled the filing of Forms 26Q, 27Q, and 27EQ for the first quarter of the financial year 2023-24.
ICAI has released updated FAQs on Unique Document Identification Number (UDIN) on its website.
The Arunachal Pradesh assembly on Wednesday has passed the Goods & Services Tax Bill, 2023 in its amended form.
Google's plan to allow all types of real-money games on the Play Store once approved by self-regulatory bodies in India is significant news for the gaming industry in the country.
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