CBI arrests income tax dept tax assistant at Parwanoo
The sleuths of the Central Bureau of Investigation (CBI) on Wednesday arrested a tax assistant of the Income tax department […]
News
GST Recent News
Contractors, commercial consumers can claim input tax credit against GST for services, says Tangedco
A number of contractors executing the work of the Electricity Department have complained that they are unable to get input
News, Notification And Circular, Notification and Circular
Centre cuts windfall tax on domestic crude oil by 65%
The government has slashed the windfall profit tax levied on domestically-produced crude oil as well as on the export of
Press Release, Press Release
India’s Foreign Trade for the month of November, 2022
India’s trade exhibited an impressive performance with India’s overall export (Merchandise and Services combined) of USD 58.22 Billion in November
News
Overseas dispute settlement may be treated as expense
The government is considering a change in the income tax provisions to allow any payment towards overseas dispute settlement as
GST Recent News
GST Council has become a rubber stamp: Tamil Nadu Finance Minister
Tamil Nadu Finance Minister PTR Palanivel Thiaga Rajan on Thursday said the Goods and Services Tax (GST) council, in its
Important News
ICAI published a revised Implementation Guide to the Standard on Auditing (SA) 230 Audit Documentation
The Institute of Chartered Accountants of India (“ICAI”) has published a revised Implementation Guide to the Standard on Auditing (SA)
Important Pronouncements
Interest income need not to be assessed when assessee is a Non-resident
The Income Tax Appellate Tribunal, Mumbai (“the ITAT”) in the case of JCIT v. Rahul Rajnikant Parikh [I.T.A. No. 638,639,640/Mum/2022
GST Recent News
GST Fitment panel says no to lower GST on a host of products
The 48th GST Council meeting, which is scheduled to take place on December 17, is unlikely to take any major
GST Recent News
GST raids in UP stopped for 3 days as traders’ protests turn aggressive
Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday asked officials to stop GST raids on traders for three days. The decision comes after