1. Financial Analyst 💼📈: Analyze financial data to provide insights for decision-making. 2. Investment Banker 🏦💰: Help companies raise capital and provide financial advisory services. 3. Financial Manager 📊💼: Oversee an organization’s financial health and strategy. 4. Corporate Treasurer 💰🏢: Manage cash flow, investments, and financial …
The Noida Police has issued non-bailable warrants against 10 people for defrauding the government of ₹15,000 crore by using fake input tax credit (ITC) documents. The accused persons are all from Delhi and Haryana. The police said that the accused had created fake invoices and used …
The Income-tax (Seventeenth Amendment) Rules, 2023 was notified by the Central Board of Direct Taxes (CBDT) on August 17, 2023. The amendment has made changes to the Income-tax Rules, 1962 G.S.R. 607(E).—In exercise of the powers conferred by section 295 of the Income-tax Act 1961 (hereinafter …
The Income tax (Eighteenth Amendment), Rules, 2023 was notified by the Central Board of Direct Taxes (CBDT) on August 18, 2023. These rules amend the Income-tax Rules, 1962, with effect from September 1, 2023. The main amendment made by these rules is to the definition of …
The ‘Mera Bill Mera Adhikar’ invoice incentive scheme is an initiative launched by the Indian government to encourage customers to request bills for their purchases and to promote the use of genuine invoices in business-to-consumer transactions. The scheme offers cash prizes ranging from Rs 10,000 to …
The Central Board of Direct Taxes constituted three Boards for Advance Rulings in September, 2021. Further, by Notification No. 07 of 2022, the Scheme of E-advance Ruling was introduced with an objective to make the entire process of advance rulings with a minimal interface and impart …
Dear Taxpayers, GSTN has prepared an informative resource in the form of an e-invoice glossary and a step-by-step guide for your reference. You can access and download the PDF document by clicking on the link below: E-Invoice Glossary: https://tutorial.gst.gov.in/downloads/news/pamphlet_e_invoicing_glossary_updated_17_08_2023_approved_final.pdf Step by Step Guide: https://tutorial.gst.gov.in/downloads/news/pamphlet_e_invoice_overview_updated_on_17_08_2023_approved_final.pdf
The Income Tax India portal has introduced a new feature called “Challan Correction,” accessible through the path Dashboard > Services > Challan Correction. This functionality empowers taxpayers to modify crucial details such as the Assessment Year, Major Head, and Minor Head for payments like Advance Tax, Self-Assessment …
A 50-year-old man from Nerul, Navi Mumbai, has been arrested by the anti-evasion cell of the Central GST Belapur Commissionerate for his alleged role in a Rs 147 crore GST invoice scam. The accused, who has not been named yet, is said to be the de …
CBDT has invited suggestions/comments on the draft Form No. 6C from stakeholders and general public. The deadline for submitting suggestions/comments is August 31, 2023. The draft Form No. 6C is a form that will be used by cost accountants to submit inventory valuation reports to the …
