In the Union Budget 2024-25, FM has addressed the central government’s controversial 45-day payment rule by announcing a new fund in collaboration with banks to support India's cash-strapped MSMEs.
Hyderabad's Central Crime Station (CCS) has filed a case against former Telangana Chief Secretary Somesh Kumar and two senior commercial tax officers for alleged GST violation
The Indian government has issued a clarification to address recent misleading reports about mandatory tax clearance for individuals travelling abroad.
Income Tax Department has issued a stern warning to taxpayers against making fraudulent claims. The department cautions that inflating expenses, under-reporting earnings is a punishable offense and may cause delays in refund issuance.
Central Tax formations under CBIC detect Rs. 36,374 crore worth of fake Input Tax credit (ITC) involving 9,190 cases in FY 2023-24
Considering that entities may need time to determine how to apply the principles and requirements in AS 22, Accounting for Taxes on Income (issued by the ICAI) to account for deferred taxes related to top-up tax
Discover the pass percentage for the CA Foundation June 2024 exams.
The Institute of Chartered Accountants of India has declared the results for the June 2024 Foundation Exams
The central government is yet to decide whether to introduce a new Direct Taxes Code or revamp the existing income tax law, stated Revenue Secretary Sanjay Malhotra at a recent post-Budget conference organized by Assocham in the Capital.
Common Offline Utility for filing Income-tax Returns ITR 1, ITR 2, ITR 3 and ITR 4 for the AY 2024-25
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