The NCLAT has dismissed a Rs 6.10 crore tax claim against Reliance Communications (RCom) made by the tax department, citing the claim was filed after the initiation of the insolvency resolution process.
Netflix India is facing an investigation by the Indian government over alleged visa violations, tax evasion, and racial discrimination. The probe adds to growing scrutiny of the streaming giant in its crucial market.
The Income Tax Department has officially notified the Vivad Se Vishwas Scheme 2.0, aimed at providing a mechanism for settling pending income tax disputes with reduced settlement amounts for those who file declarations before December 31, 2024.
In a significant ruling that could reshape tax obligations for MNCs in India, the Delhi High Court has mandated that MNCs with a presence in the country, whether through liaison offices, subsidiaries, or fixed setups, must pay taxes
Observations of the candidates on the question papers of CA Intermediate and Foundation examinations- September- 2024
The Central Government has officially announced the Direct Tax Vivad se Vishwas Rules, 2024, through G.S.R. 584(E) in alignment with the Finance (No. 2) Act, 2024.
On September 18, 2024, the MCA issued Notification No. G.S.R. 577(E), amending the National Financial Reporting Authority (NFRA) (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Rules, 2018.
The Ministry of Corporate Affairs (MCA) has issued Notification No. S.O. 4031(E). dated September 19, 2024, announcing that clause (f) of section 19 of the Competition (Amendment) Act, 2023 has come into effect on the same date.
Digital payment transactions volume grew to 18,737 crore in FY 2023-24 from 2,071 crore in FY 2017-18 at Compounded Annual Growth Rate (CAGR) of 44%; with value of transactions at ₹3,659 lakh crore in FY23-24 from ₹1,962 lakh crore in FY17-18 at CAGR
In a decisive move to combat the rising tide of tax evasion through bogus billing scams, the state and central Goods and Services Tax (GST) departments in Gujarat have initiated a comprehensive drive to identify and cancel fraudulent GST registrations.
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