29 Apr Legal Battles Mount As Startups Contest Tax Demands Post ‘Angel Tax’ Easing
Seven months following the relaxation of valuation norms for foreign investments in Indian startups, the landscape remains turbulent....
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27 Apr Enhanced GST Portal: Facilitating Taxpayers’ Journey
The Goods and Services Tax Network (GSTN) recently issued Advisory No. 633, dated April 26, 2024, announcing a significant enhancement to the GST portal....
26 Apr Stay Ahead of the Curve: Updated Form Utility and Schema Launched!
The Income Tax Department recently announced the release of the updated Form Utility and Form Schema for Forms 3CA-3CD and 3CB-3CD....
22 Apr Income Tax Department Sets Up Control Room for Cash Transactions
In light of the upcoming general elections, the Pune income tax department has taken a proactive step to tackle the misuse of money and monitor cash transactions effectively....
20 Apr Making Informed Choices: Old vs. New Tax Regimes
In the ever-evolving landscape of taxation, choosing between India's old and new tax regimes demands a careful consideration of various factors....
20 Apr Income Tax Alert: 5 High-Value Transactions That May Come Under Scrutiny
In recent times, a misconception has been prevalent among the people regarding the traceability of cashless transactions by the Income Tax Department (ITD)....
20 Apr To beat the last minute rush, some taxpayers start filing ITRs early
To beat the last minute rush, at least some taxpayers have started filing their income tax returns for assessment year 2024-25 after the Central Board of Direct Taxes (CBDT) enabled functionalities for commonly used income tax returns from April 1 this year....
20 Apr Supreme Court issues notices on challenge to anti-profiteering rules
The Supreme Court has issued notices to the central government, the Central Board of Indirect Taxes and Customs (CBIC), the Goods and Services (GST) Council, and the National Anti-Profiteering Authority (NAA), which is now under the purview of the Competition Commission of India....
20 Apr Potential Exemption of Reinsurance from GST: Implications for India’s Financial Landscape
In the labyrinth of India's Goods and Services Tax (GST) framework, discussions reverberate regarding the potential exemption of reinsurance from GST obligations....
19 Apr RBI’s Extension of Key Fact Statement Rules: A Boon for Retail and MSME Borrowers
Borrowers, especially those from the retail and micro, small, and medium enterprise (MSME) sectors, often find themselves navigating complex loan agreements with terms they may not fully comprehend....