Insurance agents got extra Rs 25,000 crore via benami companies: Income Tax Dept
Over Rs 25,000 crore changing hands in deals involving more than 60 intermediary firms using hundreds of bank accounts mark […]
Income Tax, News
MSME, News
Govt did not announce any relaxation for the implementation of section 43 b(h) of the Income Tax Act
A social media post claims that the government has granted relief to business entities by extending the implementation of section 43 B(h)
DGFT, Notification And Circular, Notification and Circular
DGFT issued Import Procedure for Watermelon Seeds until August 31, 2024
The DGFT issued Public Notice No. 41/2023 dated February 14, 2024, announces import procedures for Watermelon Seeds until August 31,
DGFT, Notification And Circular, Notification and Circular
DGFT outlines the procedure for Import of Muskmelon Seeds
The DGFT issued Public Notice No. 42/2023 dated February 14, 2024, outlines the procedure for importing Muskmelon Seeds until August
DGFT, Notification And Circular, Notification and Circular
DGFT adds Adani Gangavaram Port for Scrap Import & PSIC Exemption
The DGFT issued Public Notice No. 43/2023 dated February 14, 2024 amends Para 2.51 of Handbook of Procedures, 2023, adding
Income Tax, ITAT, News
Delhi ITAT Grants Relief to NRI Home Buyer from Income Tax on Rs 40.45 Lakh Due to Delayed Registry
The Delhi bench of the Income-tax Appellate Tribunal (ITAT) has ruled in favor of a non-resident Indian (NRI) in a
Income Tax, News
Delhi HC upholds TDS on external development charges
The Delhi High Court on Tuesday upheld Tax Deducted at Source (TDS) on External Development Charges (EDC) in a real
GST Recent News
Orissa High Court asks AAAR to revisit GST levy on Go Cool outlets
The Orissa High Court has set aside an order by the Appellate Authority of Advance Rulings (AAAR) on not recognising
DGFT, Notification And Circular, Notification and Circular
DGFT notifies the Indian Trade Classification (Harmonised System) of Export Items, 2023 [Chapter 01-39 of Schedule 2, Export Policy of ITC (HS), 2023]
The DGFT vide Notification No. 60/2023 dated February 13, 2024 notified the ‘Indian Trade Classification (Harmonised System) of Export Items, 2023’
ICAI, Important News
ICAI released Technical Guide on Preparation of Financial Statements under Cash basis of Accounting
The Institute of Chartered Accountants of India (“ICAI”) released the Technical Guide on Preparation of Financial Statements under Cash basis