AMMK General Secretary TTV Dhinakaran has called for the central government to eliminate the 18% GST on cable TV services, emphasizing the need for more affordable access to television.
In a landmark decision, the Ministry of Finance has issued a clarification regarding the Goods and Services Tax (GST) applicable to film distribution before October 2021, providing significant relief to the Indian film industry.
The Reserve Bank of India (RBI) has added the following entities/platforms/websites to the Alert List of unauthorised forex trading platforms.
In a shocking incident highlighting the misuse of personal data for tax fraud, Rani Babu, a 58-year-old housekeeper from Ambur, was stunned to receive a GST notice amounting to Rs 2.39 crore from the Commercial Taxes Department in Tiruchy.
The Department of Finance’s Joint Secretary has hinted at a potential reduction in Goods and Services Tax (GST) on life and health insurance premiums, making them more affordable for customers, as per a report.
Professional Development CommitteeThe Institute of Chartered Accountants of India23rd October 2024AnnouncementExtension of MEF 2024-25 upto 25th October 2024 The Institute is in receipt of representations from applicants who could not submit the MEF
The Income Tax Department has launched the latest version (1.3.3) of the common offline utility for Form 3CA-3CD and 3CB-3CD, essential for taxpayers required to submit audit reports under Section 44AB of the Income-tax Act, 1961.
The Income Tax Department has released an updated version (1.5) of the Excel-based utility for filing ITR-3, catering to individuals and Hindu Undivided Families (HUFs) with income from profits and gains of business or profession.
The number of individuals reporting taxable income exceeding ₹1 crore has seen a dramatic rise, jumping from 44,078 in AY 2013-14 (FY 2012-13) to nearly 2.3 lakh in AY 2023-24 (FY 2022-23).
GSTN has implemented a validation process for cases where a taxpayer attempts a non-core amendment to update bank account details.
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