The Central Board of Direct Taxes (CBDT) has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024-25 (relevant to Financial Year 2023-24) from 1st April, 2024 onwards.
Mining giant Vedanta Ltd finds itself entangled in a GST dispute, with the tax authority demanding Rs 1.86 crore over 'ineligible' input tax credit. The company intends to challenge the orders, expressing optimism for a favorable resolution.
If your turnover exceeds INR 5 crores in the financial year 2023-2024, you will be required to start e-Invoicing from the next financial year, i.e., from 1st April 2024 onwards
Infosys, the renowned IT services company, disclosed receiving a substantial tax demand from the Income Tax Department, amounting to Rs 341 crore for the assessment year 2020-21.
CBDT has issued a significant notification, No. 2 of 2024, dated March 31, 2024, pertaining to the time limit for verifying income tax returns after uploading. ..
The Income tax department has uncovered a sophisticated scam involving the fraudulent exploitation of PAN to claim HRA without actual tenancy.
Zomato disclosed on Sunday that it has received an order for the fiscal year 2018-19 following an audit of GST returns and accounts conducted by the Assistant Commissioner of Commercial Taxes (Audit) in Karnataka.
Second highest monthly Gross GST Revenue collection in March at Rs 1.78 lakh crore; Records 11.5% y-o-y growth (18.4% on net basis)
The Income Tax Department has introduced a significant enhancement to the online filing process for Income Tax Returns (ITRs) by enabling ITR-1, ITR-2, and ITR-4 with prefilled data on the income tax portal.
Offline Utilities for ITR-1, ITR-2, ITR-4 and ITR 6 for AY 2024-25 are available for filing
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