The finance ministry on Friday raised the windfall tax on sale of domestic crude oil to ₹4,900 per tonne, effective 16 March. The revision marks an increase from the previous …
The Central Bureau of Investigation (CBI) questioned top Mumbai Airport customs officials on Tuesday over alleged misuse of body scanner X-ray machines for extortion and pocketing of contraband gold …
The Supreme Court’s nine-judge constitution bench, chaired by CJI DY Chandrachud and including Justices Hrishikesh Roy, Abhay Oka, BV Nagarathna, JB Pardiwala, Manoj Misra, Ujjal Bhuyan, SC Sharma, and …
The Centre is looking at further enabling provisions to ensure award of delayed payments to micro, small and medium enterprises (MSMEs) by possible amendments in the MSME Development Act, …
A Delhi Court recently convicted and sentenced a woman to six months in jail for not filing a return on income of Rs two crores. This case pertains to …
The Income Tax department conducted searches at the premises of tyre manufacturing company Balkrishna Industries, sources told CNBC-TV18 on March 11. More details are awaited. Source from: https://www.cnbctv18.com/business/companies/income-tax-dept-conducts-searches-at-balkrishna-industries-premises-say-sources-19240651.htm
The Income Tax Department has initiated a process of issuing formal notice to taxpayers regarding potential discrepancies identified between the information reported in their Income Tax Returns (ITRs) and …
CA Institute, the world’s largest accounting body, has decided to hold its Foundation and Intermediate Course exams thrice in a year. Instead of twice a year in May and …
The government will implement a rule in FY25 requiring payments to micro, small and medium enterprises (MSMEs) to be made within 45 days, failing which companies will have to pay tax …
Ajay Bhushan Pandey, the chairman of the National Financial Reporting Authority (NFRA), in a discussion with ET, emphasized that the upcoming annual inspections of major audit firms are not …