In a new twist, insurers and their agents are now grappling with notices under the Benami Transactions (Prohibition) Amendment Act, 2016, following last year's run-ins with income and service tax authorities.
With the approaching deadline, businesses across the country are gearing up for a potential deluge of show cause notices from Goods and Services Tax (GST) officials for the Fiscal Year 2018-19.
In a move aimed at improving user accessibility and providing enhanced insights, the Income Tax Department has recently revamped the placement of the "Know Your Refund Status" feature on the income tax e-filing portal.
The Kerala Goods and Services Tax (GST) Department has issued Circular No. 01/2024 dated January 11, 2024, providing crucial clarification and guidelines for the filing of appeals in the absence of a functional GST Appellate Tribunal.
The Patna High Court has imposed a penalty of Rs 5,000 on a GST officer for engaging in "forcible and illegal recovery" of the entire tax amount from an individual awaiting the statutory remedy of appeal before the non-functional GST tribunal in Bihar.
The Economic Offence Wing (EOW) of the Thane police has made a significant arrest, apprehending a Surat-based businessman, Kailash Kothari (41), on charges of allegedly cheating his partner to the tune of Rs 2 crore.
In a recent development, the Delhi High Court has intervened in a case involving a Chartered Accountant (CA) facing proceedings under the Companies Act for alleged professional misconduct.
In a major breakthrough, the Karnataka Commercial Taxes Department has successfully uncovered a multi-state GST fraud, leading to the arrest of the key mastermind, Mohammed Siddiq.
The Cellular Operators Association of India (COAI), representing key private telecom operators, has presented crucial demands ahead of the FY25 Union Budget
More than 141,000 companies have been incorporated in the current financial year until January 10, marking the highest number of firms registered under the Ministry of Corporate Affairs (MCA).
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