New rules to scan items with a history of customs evasion
Importers of items that have a history of customs duty evasion through under-valuation will face higher scrutiny and greater disclosure […]
CBIC, News
News
ICAI, News
Mandatory joint audit to start with big firms
The government is likely to implement phased roll-out for mandatory joint audit of companies, starting with “public interest entities” and
DGFT, News
Govt will take appropriate decision in March-April on lifting wheat export ban: DGFT chief
The Director General of Foreign Trade Santosh Kumar Sarangi on Thursday said the government will take an appropriate decision on
DGFT, News
Budget 2023-24: Scheme to settle export obligation defaults on cards
The Union Budget 2023-24 may propose a dispute resolution scheme for exporters, which will offer a one-time opportunity to settle
News
Union Budget 2023 may see another dispute resolution scheme as tax arrear surges
Finance Minister Nirmala Sitharaman may get some satisfaction on limiting the fiscal deficit but a niggling item in her account
Income Tax News, News
PAN as single business ID set to get legal backing in Budget 2023-24
The Union Budget 2023-24 is likely to roll out the legal and operational framework for adopting the permanent account number
News
Budget 2023: Bibek Debroy hopes for move towards exemption-less tax system
India’s upcoming Union Budget should hopefully incentivize taxpayers to move towards an exemption-less direct tax system, which would increase revenue, broaden the
News
CBI arrests Chennai Income Tax officer and a Chartered Accountant in Rs 2,25,000 bribery case
The CBI has arrested an Income Tax officer and a chartered accountant in Chennai for their alleged involvement in a Rs 2.25 lakh bribery case, officials
Income Tax News, News
Many FPIs coming via tax-friendly countries asked to pay tax on dividend
Several foreign funds and holding companies investing into Indian stocks through tax-friendly jurisdictions, like Mauritius and Singapore, have been declined
Income Tax News, News
Income tax officer held for seeking Rs 10,000 bribe sent to 2-day CBI remand by Mumbai court
A special court here on Thursday remanded an income tax officer to two-day custody of the Central Bureau of Investigation