15 Apr Indian Government Considers Extending Support Program for Exporters
The Ministry of Commerce in India is looking to recommend a five-year renewal of a program that helps exporters....
News
15 Apr Income Tax Department Cracks Down on Unfiled Returns: 1.52 Crore Individuals Targeted
The Income Tax Department is launching a campaign to target individuals who haven't filed their income tax returns (ITR) despite meeting filing requirements....
13 Apr Identifying Instances Leading to Income Tax Notices in Real Estate Deals and Credit Card Transactions
The Income Tax Department meticulously monitors all financial transactions carried out by individuals, utilizing various data sources to ensure adherence to tax regulations....
13 Apr Income tax refund will be available soon and the seized properties will also be returned
If you pay tax then it is a matter of relief for you. The Income Tax Department will dispose of the appeals related to TDS payment and tax from the current financial year i.e. 2024-25 as soon as possible....
13 Apr The ReCap – April, 2024
Posted at 05:49h
in Corporate & Allied Laws, Direct Tax, Doing Business in India, GST, News, StartUp, Subsidy & Schemes, The ReCap - Monthly News Letter
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13 Apr Maharashtra: The Leading State in GST Contribution at 19.6% and Per Capita Consumption Spending
In the realm of GST collection, Maharashtra emerges as the primary player, contributing 19.6% to the national pool in the fiscal year 2024...
12 Apr Extension of GSTR-1 Filing Deadline by GSTN
An advisory issued by GSTN, Advisory No. 631 dated April 11, 2024, acknowledges the challenges faced by taxpayers in intermittently filing GSTR-1 due to technical glitches on the portal....
10 Apr GSTN Issues Advisory on Automatic HSN-wise Summary Population in GSTR-1 Table 12 from e-Invoices
The GSTN has released an important Advisory No. 630 dated April 09, 2024, regarding the automatic population of HSN-wise summaries from e-Invoices into Table 12 of GSTR-1....
10 Apr CBDT Urges Officers to Identify Top 30 Cases of TDS Shortfall by June 30, 2024
The Central Board of Direct Taxes (CBDT) has instructed income tax officers to scrutinize the top 30 cases of insufficient tax deduction at source (TDS) and resolve at least 150 appeals by the Commissioner of Income Tax before June 30, 2024....
10 Apr High Court Advocates Direct Communication, Urges Tax Department to Inform Taxpayers Prior to Action
Certain demographics, including senior citizens, technologically hesitant individuals, Non-Resident Indians (NRIs), and those prone to forgetfulness, might be unaware of the Income Tax Department's actions against them....