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Senior Income Tax Official Arrested in Mumbai for Alleged Bribery

   06 May 2024 at 08:46

In a startling development, the Central Bureau of Investigation (CBI) has apprehended a senior official of the Income Tax (IT) department in Mumbai.

Posted in Income Tax |   675 Views


FM Sitharaman Refutes Post-Election Income Tax Speculations

   04 May 2024 at 09:00

Finance Minister Nirmala Sitharaman has refuted recent media reports speculating sweeping changes to the income tax system following the upcoming Lok Sabha election results.

Posted in Income Tax |   3153 Views


Supreme Court Seeks Details on GST Notices and Arrest

   04 May 2024 at 08:59

Supreme Court has directed the Centre to provide comprehensive details regarding the issuance of notices and arrests made under the provisions of GST.

Posted in GST |   1548 Views


Zomato Faces Fresh GST Demand and Penalty Order Over Rs 2 Crore

   04 May 2024 at 08:59

The Goods and Services Tax (GST) authorities have issued a fresh demand and penalty order against Zomato, amounting to a staggering Rs 2,22,91,376 in GST demand.

Posted in GST |   306 Views


YES Bank Hit with GST Demand Orders, Faces Rs 6.87 Lakh Penalty

   03 May 2024 at 08:51

YES Bank revealed on Wednesday that it has been slapped with two GST demand orders, totalling a penalty exceeding Rs 6.87 lakh.

Posted in GST |   387 Views


MCA Establishes Appellate Authority for Chartered Accountants, Company Secretaries and Cost Accountants

   02 May 2024 at 08:47

MCA has issued Notification G.S.R. 255(E) dated April 26, 2024. This notification pertains to the establishment of the Appellate Authority for CAs, CSs and Cost Accountants.

Posted in Corporate Law |   14355 Views


ICAI Calls for Additional Information for MEF 2023-24 Applicants

   02 May 2024 at 08:46

Professional Development Committee (PDC) seeks additional information in respect of MEF 2023-24 for preparation of panel for appointment / re-appointment of Statutory auditors

Posted in Professional Resource |   5343 Views


GST revenue collection for April 2024 highest ever at Rs 2.10 lakh crore

   01 May 2024 at 17:21

GST collections breach landmark milestone of Rs 2 lakh crore Gross Revenue Records 12.4% y-o-y growth Net Revenue (after refunds) stood at Rs 1.92 lakh crore; 15.5% y-o-y growth

Posted in GST |   375 Views


Businessman Faces One-Year Jail Term for Bounced Cheques to Income Tax Department

   01 May 2024 at 09:03

A recent verdict by a Gandhinagar court has landed Chandkheda resident Mehulkumar Barot in hot water, resulting in a one-year prison sentence.

Posted in Income Tax |   552 Views


ICAI submits Pre-Budget Memorandum to CBDT advocating Tax Reforms

   01 May 2024 at 09:00

The Institute of Chartered Accountants of India (ICAI) has put forth a series of recommendations in its Pre-Budget Memorandum 2024, urging for targeted tax deductions and incentives.

Posted in Professional Resource |   1812 Views