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Mandatory Biometric Verification at GST Centers Cuts Bogus Registrations by 25%

   14 June 2024 at 09:04

In a significant move to enhance transparency in the GST registration process and combat fraudulent registrations, Gujarat inaugurated 12 GST Service Centers in November 2023.

Posted in GST |   354 Views

FM Nirmala Sitharaman to Chair 53rd GST Council Meeting in New Delhi

   14 June 2024 at 09:03

A day after taking charge as Union Finance Minister, Nirmala Sitharaman is poised to preside over the highly anticipated 53rd GST Council meeting.

Posted in GST |   3543 Views

Income Tax Department Aims to Complete 170,000 Reassessments by March 2025

   13 June 2024 at 09:06

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.

Posted in Income Tax |   2400 Views

Shri Pankaj Chaudhary takes charge as Minister of State for Finance in Ministry of Finance

   13 June 2024 at 09:05

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

Posted in Others |   105 Views

Nirmala Sitharaman takes charge as the Union Minister for Finance and Corporate Affairs

   13 June 2024 at 09:04

Smt. Nirmala Sitharaman assumed charge as the Union Minister of Finance & Corporate Affairs in New Delhi.

Posted in Corporate Law |   123 Views

ICAI Announces July 2024 Convocation to Honor New Members and Rank Holders

   12 June 2024 at 08:56

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.

Posted in Students |   2781 Views

Excel Utility of ITR-5 for AY 2024-25 is now available for filing

   11 June 2024 at 08:58

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.

Posted in Income Tax |   249 Views

Nirmala Sitharaman Reappointed as Finance Minister in Modi's Third Cabinet

   11 June 2024 at 08:58

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.

Posted in Others |   2415 Views

Centre releases Rs 1.39 lakh crore installment of Tax Devolution to States

   11 June 2024 at 08:57

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

Posted in Income Tax |   165 Views

IDBI Bank Receives Rs 2702 Crore Income Tax Refund for AY 2016-17

   10 June 2024 at 08:59

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.

Posted in Income Tax |   279 Views