Various factors like rapid economic recovery post COVID, better compliances due to various measures taken by Government have contributed to increase in tax collection. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Lok Sabha today.
FRC imposed sanctions against PwC & Richard Hughes, Audit Engagement Partner in relation to statutory audit of financial statements of BT Group plc
Income Tax Department conducts searches in Tamil Nadu The Income Tax Department carried out search and seizure operations on 02.08.2022 in the cases of certain producers, distributors, and financiers associated with the film Industry. The search operations were conducted at almost 40 premises located in Chennai, Madurai, Coimbatore and Vellore. During the course of the […]
GST has recently been imposed with effect from 18 July, 2022. Certain sections of the media and social media are spreading the message that GST has recently been imposed with effect from 18 July, 2022 even on ‘Sarais’ run by religious/charitable trusts. This is not true. The correct position is detailed below: Based on the […]
HC granted bail to an Applicant involved in a trial relating to ITC fraud & held that seriousness of offences alone is not conclusive of Applicant’s entitlement to bail
Understand the Tax Deduction at Source (TDS) provisions for non-residents in the Income Tax Act. Learn about the different sections and their implications.
RBI is prohibited from disclosing borrower-wise credit information, since the credit information submitted by a bank is Confidential
In the absence of any specific finding of PCIT with respect to enquiries which should have been made, section 263 order not justified
Centralized suspension of registrations pertaining to registered persons who default in timely filing of returns is being carried out. Provisions have been made to restrict the generation of e-way bills by non-compliant taxpayers.
DICGC raised the limit of insurance cover for depositors in insured banks from ₹1 lakh to ₹5 lakh per depositor with effect from 04.02.2020.
