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 […]
Income Tax, News
News
MSME, News
FMCG, apparel firms see red over new MSME payment rule
A new law that mandates that any payment made to registered micro, small or medium (MSME) enterprises beyond 45 days
News
UPI Goes Global: Payments Now Accepted in 7 Countries; Full List
The Ministry of External Affairs announced on Monday that the Unified Payment Interface (UPI) services have been extended to Sri
Income Tax, News
Income Tax department alleges evasion by insurers, likely to send Rs 25,000 cr tax notices
The income tax department is likely to send out demand notices worth a total of Rs 25,000 crore, by March-end, to multiple
News
EPFO fixes 3-year high 8.25% interest rate on employees’ provident fund for 2023-24: Sources
The Employees’ Provident Fund Organisation (EPFO) has fixed an 8.25 percent interest rate on employees’ provident fund for 2023-24, sources
News, RBI, RBI
Regulatory action on Paytm Payments Bank, not app, clarifies RBI
The Reserve Bank of India’s (RBI’s) directive issued last month concerns Paytm Payments Bank, not the Paytm app, the banking
ICAI, News
Supreme Court Upholds Rule Allowing Chartered Accountants’ Board to Refer Misconduct Matters to Disciplinary Committee
The Hon’ble Supreme Court of India on February 08, 2024 rejected a challenge to a rule within the Chartered Accountants
Income Tax, News
Income Tax Department serves notice to University of Madras seeking over ₹424 crore in arrears
The University of Madras has received a notice from the Income Tax (I-T) Department to pay over ₹424 crore as
News
Solar Companies Under Investigation For Rs 1,900 Crore Customs Duty Evasion
In a significant development, the Directorate of Revenue Intelligence (DRI) has launched an investigation into six solar companies for potential
Income Tax, News
Some Taxpayers to Receive Notices Soon for Non-filing of Income Tax Returns; CBDT Chairman Nitin Gupta
The Income Tax Department is set to issue notices to individuals who haven’t filed tax returns despite having taxes deducted