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Archive: 06 August 2024

Posts in 06 August 2024

Income Tax Relief to Cooperative Societies

August 6, 2024 2106 Views 0 comment Print

The Ministry of Cooperation announces tax relief for cooperatives, including reduced surcharges, updated cash thresholds, and more, to boost rural and farming communities.

Consultation Paper on Review of IFSCA (Fund Management) Regulations, 2022

August 6, 2024 561 Views 0 comment Print

IFSCA reviews Fund Management Regulations 2022 to enhance ease of business, introduce safeguards, and provide clarifications. Public comments invited by August 26, 2024.

GST on work under Jal Jeevan Mission by Maharashtra Jeevan Pradhikaran

August 6, 2024 594 Views 0 comment Print

GST AAR Maharashtra clarifies tax rates for work under Jal Jeevan Mission by Maharashtra Jeevan Pradhikaran, addressing pre and post-2022 scenarios.

Bombay HC Waives Sales Tax Demand Below 2 Lakhs

August 6, 2024 651 Views 0 comment Print

Bombay HC waives sales tax arrears below 2 lakhs per the Maharashtra Settlement Act, 2023, clarifying future references exceeding this amount.

GST: Govt notifies section 11 to 13 of Finance Act (No. 8) 2024

August 6, 2024 5481 Views 0 comment Print

Govt. sets October 1, 2024, for Finance Act 2024, Section 13; April 1, 2025, for Sections 11 and 12, under Notification No. 16/2024-Central Tax.

Buy Back of Shares: Taxation, Reasons & Budget 2024 Changes

August 6, 2024 6144 Views 0 comment Print

Discover the complete guide on taxation for buyback of shares, including the latest changes in the 2024 Budget. Understand the provisions, reasons, and implications.

No proposal to reclassify Bengaluru as a metropolitan city for HRA purposes

August 6, 2024 453 Views 0 comment Print

Explore the current status of Bengaluru’s inclusion for HRA exemption under income tax laws and government policy on metropolitan city designations.

IBBI suspends IP for violations of CIRP Regulations & Code of Conduct

August 6, 2024 195 Views 0 comment Print

IBBI’s Order No. IBBI/DC/238/2024 details Srigopal Choudhary’s delays and non-compliance in CIRP processes, leading to disciplinary action.

Government Extends Modified Interest Subvention Scheme for FY 2024-25

August 6, 2024 1143 Views 0 comment Print

RBI announces the continuation of the Modified Interest Subvention Scheme for short-term agricultural loans through Kisan Credit Card for FY 2024-25.

IBBI Suspends IP for CIRP Violations, non-cooperation & Unauthorized Work

August 6, 2024 174 Views 0 comment Print

IBBI suspends Gopal Lal Baser for a year for violations in CIRP process, including non-cooperation and unauthorized maintenance work. Read the full order here.

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