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CBDT Enhances Tax Compliance for Non-Residents: Form 49C Filing Rules Amended
12 February 2025 at 07:13The Central Board of Direct Taxes (CBDT) has issued Notification No. 14/2025, amending the Income-tax Rules, 1962, to enhance compliance and reporting requirements for non-resident entities operating liaison offices in India.
CBDT Grants Tax Exemption to Bhaikaka University for Scientific Research u/s 35(1)(ii) of IT Act 1961
12 February 2025 at 07:13The Central Board of Direct Taxes (CBDT) has granted approval to Bhaikaka University, Anand, Gujarat, for tax exemption under Section 35(1)(ii) of the Income-tax Act, 1961.
New Income Tax Bill to Simplify Tax Laws & Improve Compliance: Set for Parliamentary Review
11 February 2025 at 08:58The government is set to introduce a new Income Tax Bill aimed at simplifying tax laws, reducing compliance burdens, and modernizing tax administration. Union Finance Minister Nirmala Sitharaman is expected to present the bill this week, after which
E-Way Bill Generation Hits Record 118.15 Million in January 2025
11 February 2025 at 08:54The number of e-way bills generated in January 2025 reached an all-time high of 118.15 million, according to data from the Goods and Services Tax Network (GSTN), as reported by Informist.
DGGI Arrests Three for Rs 16.96 Crore Fake Invoice & ITC Fraud
11 February 2025 at 08:53DGGI, Bhubaneswar Zonal Unit, has arrested three individuals for their alleged involvement in issuing fake invoices and fraudulently passing on Input Tax Credit (ITC) amounting to Rs 16.96 crore without any actual supply of goods.
CBIC Issues Guidelines on GST Appeals for Interest & Penalty Waiver Under Section 128A
10 February 2025 at 08:49The Central Board of Indirect Taxes and Customs (CBIC) has issued Instruction No. 02/2025-GST, clarifying the procedure for handling departmental appeals related solely to interest and penalties under Section 128A
FM Sitharaman Expects Durable Consumption Recovery
10 February 2025 at 08:49Finance Minister Nirmala Sitharaman on Saturday expressed optimism about a durable recovery in consumption, driven by fiscal and monetary policy measures.
CBDT Amends IT Rules 2025: New Investment & Compliance Norms for Infrastructure Debt Funds
10 February 2025 at 08:49The Central Board of Direct Taxes (CBDT) has issued the Income-tax (Third Amendment) Rules, 2025, introducing crucial updates to Rule 2F of the Income-tax Rules, 1962.
GSTN Rolls Out Biometric Aadhaar Authentication for GST Registration in Maharashtra & Lakshadweep
08 February 2025 at 13:54Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Maharashtra and LakshadweepDear Taxpayers,This is to inform taxpayers about recent developments concerning the application process for GS
Union Cabinet Approves New Income Tax Bill: Key Highlights and Expected Changes
08 February 2025 at 09:02The Union Cabinet on Friday approved the new Income Tax Bill, as per sources. The bill is set to replace the Income Tax Act, 1961 and aims to simplify and modernize India's tax system while making compliance easier for taxpayers.
Popular News
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