Indian Companies Under GST Radar: Maruti Suzuki and LIC Among Recipients of Notices
The Income Tax Department registered a record number of filing of Income Tax Returns (ITRs) till 31st October, 2023
Exposure Draft of Lack of Exchangeability - Amendments to Ind AS 21
GST revenue collection for October 2023 is second highest ever, next only to April 2023, at ₹1.72 lakh crore; records increase of 13% Y-o-Y
Colgate Palmolive (India) Faces Rs 170 Crore Transfer Pricing Order from Income Tax Authorities for International Transactions
The Gujarat High Court has made a significant ruling, categorizing CA firms as professional establishments rather than commercial entities, leading to the ineligibility of their employees for the ESI benefit scheme.
In a bid to curb tax evasion, the Income Tax Department is set to take strict action against high-net-worth individuals (HNIs) who underreport their incomes, despite recent tax rate reductions.
The Central Board of Indirect Taxes and Customs (CBIC) issued Circular No. 206/18/2023-GST on October 31, 2023, providing clarifications on the applicability of GST to certain services.
Let's have a look at some of the developments in the profession since our last communication
In a recent development, the Bombay High Court has expressed strong disapproval of the functioning of income tax (IT) assessing officers and their handling of delayed assessment orders.
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