CBDT has decided to extend the specified date for filing of various reports of audit for the Previous Year 2023-24, which was 30th September to 07th October 2024.
A court in Bengaluru has stirred controversy by directing to register an FIR against Union Finance Minister Smt. Nirmala Sitharaman on Friday, the 27th September.
In a significant move aimed at alleviating tax burdens, the CGST Act has introduced a new section, 128A, which offers considerable relief for taxpayers regarding tax liabilities incurred between July 1, 2017, and March 31, 2020.
In a significant update to the Central Goods and Services Tax (CGST) Act, Section 16 has been amended with the insertion of two new sub-sections.
The Ministry of Finance has issued Notification No. 17/2024-Central Tax on September 27, 2024, outlining the commencement dates for several provisions of the Finance (No. 2) Act, 2024.
The Kerala government's decision to promulgate the Kerala Taxation Laws Amendment 2024 Ordinance has sparked debates about the appropriateness of the move, especially with the next Assembly session scheduled to begin on October 4.
The government's comprehensive review of India’s decades-old Income Tax Act is making significant progress, with the review committee expected to submit its report by October, according to two government officials.
The GoM on GST rate rationalisation, led by Bihar Deputy Chief Minister Samrat Chaudhary, is considering tax relief on more than 100 items to ease the burden on the common man.
The Finance Ministry will kick off its pre-budget discussions on October 10, 2024, starting with the review of key ministries such as New & Renewable Energy and Skill Development & Entrepreneurship.
In a shocking case of bureaucratic oversight, a labourer from Bihar’s Gaya district, Rajiv Kumar Verma, has been served an income tax notice for over Rs 2 crore.
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