In a recent development, the GST Council is gearing up to provide much-needed clarity on the input tax credit for life insurers, particularly in the context of a substantial demand of Rs 290 crore made on the Life Insurance Corporation (LIC).
Direct Tax Collections for F.Y. 2023-24 up to 9th October, 2023 show an increase over comparable period of last year
The Madras High Court, on Tuesday, deferred its decision on the writ petition filed by popular actor C. Joseph Vijay against the Income Tax Department's penalty order.
In a move aimed at promoting transparency and discouraging the use of cash transactions in financial dealings, the Income Tax Department has recently released an informative E-Flyer.
In a significant development, the Central Board of Direct Taxes (CBDT) issued Circular No. 17/2023 on October 09, 2023, shedding light on crucial audit report requirements under Section 119 of the Income-tax Act, 1961.
The Central Bureau of Investigation (CBI) apprehends two superintendents, an inspector, and a tax assistant involved in a bribery scandal targeting a LIC agent over alleged false GST notices.
In a significant development, the Directorate General of GST Intelligence (DGGI) has sent four show cause notices to Reliance General Insurance Company (RGIC), totaling ₹922.58 crore in Goods and Services Tax (GST) dues.
In a significant development, the Income Tax department has announced its decision to refund Rs 190 crore to the Anil Agarwal-controlled mining conglomerate Vedanta, along with accrued interest, for the assessment year 2021-22.
Revenue Secretary Sanjay Malhotra provides clarity on GST implementation timeline during GST Council meeting
The Institute has recently become aware of a concerning trend among its members and students. Some individuals within the Institute's community have been using social media platforms as a platform to express negative opinions
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