In a move to streamline outstanding demands and disputed amounts, the Rajasthan GST Department has introduced the Amnesty Scheme-2024, aiming to provide relief to taxpayers and facilitate the resolution of pending issues. The announcement, made through a notification dated February 29, 2024, marked a significant step …
The Central Board of Direct Taxes (CBDT) has recently made significant amendments to various tax-related forms, including the tax audit form (Form 3CD & Form No. 3CEB) and the Form for filing of tonnage tax application (Form 65). These changes aim to streamline tax filing procedures and ensure …
Progress of NEFT and RTGS Systems NEFT system has achieved a milestone on February 29, 2024, by processing 4,10,61,337 transactions, the highest number of transactions processed in a day so far. 2. National Electronic Funds Transfer (NEFT) system and Real Time Gross Settlement (RTGS) system are …
The Central Board of Direct Taxes (CBDT) has recently announced the notification of Income-tax Return (ITR) Form 7 for the Assessment Year (AY) 2024-25, completing the suite of forms necessary for taxpayers to file their returns. With this latest addition, the Board has now notified ITR forms 1 …
The Kurar Police has initiated legal action against individuals accused of defrauding a chartered accountant, Pradeep Parameshwarlal Banka, to the tune of Rs 4.11 crore. The complainant alleges that Rajeev Merchant and Archana Merchant, partners of Indian Home Variation and Distribution LLP Company, enticed him with …
On February 27, the Supreme Court’s 9-judge Constitution Bench embarked on hearings to address intricate issues pertaining to the taxation of mineral-bearing lands. Central to the discussions is the characterization of royalty under Section 9 of the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR …
Union Finance Minister Nirmala Sitharaman lauded the contributions of Bengaluru taxpayers towards building a robust and prosperous India during her visit to the city on Wednesday. She commended the city’s pivotal role in facilitating the nationwide implementation of the Department of Revenue’s faceless income tax assessment …
The Central Board of Direct Taxes (CBDT) has recently issued a significant order dated March 01, 2024, concerning the processing of income tax returns filed electronically with refund claims under section 143(1) of the Income-tax Act, 1961. The order addresses the challenges faced by taxpayers in …
1. Update your Aadhaar for free – Last chance is March 14th! Thinking about updating your Aadhaar card with your latest name, address, or mobile number? There’s good news! You can do it for free until March 14, 2024. After this date, fees will apply. Visit …
