Learn about the restoration of indexation benefits for Long-Term Capital Gains (LTCG) in India, including its impact on taxes for land, buildings, and more.
Highlights from August 5-11, 2024: Income Tax exemptions, GST updates, SEBI guidelines, and RBI monetary policy changes.
Explore the nuances of dual pricing under the Legal Metrology Act, 2009. Understand legalities, consumer rights, and the implications for businesses.
Explore the distinctions between business and profession, and how sales, turnover, and gross receipts are defined under the Income Tax Act for tax audit purposes.
As of August 11, 2024, net direct tax collections for FY 2024-25 stand at Rs. 6.93 lakh crores, marking a 22.48% growth compared to the previous year.
CESTAT Kolkata reviewed Rungta Sons Pvt Ltd’s appeal against a Service Tax demand on ‘supply of tangible goods service,’ focusing on control and possession issues.
Maharashtra GST Circular No. 21T of 2024 updates guidelines for recovering outstanding dues after first appeal until the Appellate Tribunal is operational.
IBBI amends Inspection and Investigation Regulations, extending the response period to show-cause notices to 60 days from the due date, effective August 2024.
ICAI announces the extended deadline to 10th September 2023 for online empanelment of members as observers for the Nov/Dec 2023 CA Examinations.
IBBI updates Information Utilities Regulations with new timelines and verification procedures starting October 2024, improving default record management.
