19 Apr Major GST Relief for Foreign Airlines and Shipping Lines on Cards after Elections
In the wake of the recent elections, the Indian government is contemplating a significant shift in its Goods and Services Tax (GST) policy....
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19 Apr CBDT Directs Self-Reporting Orgs to File Details of High-Value Transactions by June 30, 2024
The Central Board of Direct Taxes (CBDT) has issued a crucial directive requiring self-reporting organizations (SROs) to submit details of high-value transactions conducted during the fiscal year 2022-23 by June 30, 2024....
19 Apr Maharashtra’s Record-breaking GST Collection Surpasses Rs 3 Lakh Crore Mark: Investigation Branch Achieves Historic Revenue in Raids
In a monumental achievement, Maharashtra's Goods and Services Tax (GST) collection for the fiscal year 2023–24 has exceeded the unprecedented milestone of Rs 3 lakh crore....
17 Apr CBDT Signs Record Number of 125 Advance Pricing Agreements (APAs) in FY 2023-24
In the complex landscape of taxation, Advance Pricing Agreements (APAs) play a pivotal role in providing clarity and certainty to taxpayers, especially in the domain of transfer pricing....
17 Apr Income Tax Returns ITR-1, ITR-2, ITR-4 & ITR-6 for AY 2024-25: Online & Offline Filing Enabled
The Income Tax Department issued an Update on April 16, 2024 stating that the ITR-1, ITR-2, ITR-4 & ITR-6 for AY 2024-25...
17 Apr Insurers may find relief as GST exemption for reinsurance is considered after elections
The insurance sector is poised for potential relief as discussions regarding the exemption of reinsurance from GST gain traction within the GST Council....
16 Apr TDS SMS Alerts: Common Misconceptions Clarified
Have you recently received an SMS from the Income Tax Department regarding your total tax deducted at source (TDS)?...
16 Apr State Registers Increase of About Rs 3K Crore in GST Collection
In the fiscal year 2023-24, the state government witnessed a significant surge in its GST (Goods and Services Tax) collection, amounting to an increase of Rs 3,000 crore compared to the previous financial year....
16 Apr Tax Compliance Trends: Embracing AI for Efficient Tax Administration
In the ever-evolving landscape of taxation, the integration of artificial intelligence (AI) is revolutionizing how tax compliance is approached and managed....
15 Apr Taxpayers Get Choice in Valuing Startup Investments (Angel Tax)
The Delhi High Court ruled in favor of taxpayers, allowing them to select the method for valuing investments received from angel investors....