RCDF invites bids from empaneled CA firms for Internal Auditor appointment. Submit proposals by 23rd September 2024. Limited bid for 2024-2027 panel firms.
Guwahati High Court held that invocation of extended period of limitation unjustified as entire details of availment of CENVAT Credit disclosed in STR-3 return and there is no allegation of wilful suppression and misstatement with intent to evade service tax in notice.
RBI’s latest directive ends the need for monthly LRS returns by AD Category-I banks, shifting to daily transaction reporting from September 2024.
SEBI updates regulations, requiring entities to report payment obligations for listed Commercial Paper within one working day, aligning with non-convertible securities.
ITAT Delhi held that addition towards undisclosed investment in shares and unsecured loans merely based on observation made by DCIT without independent inquiry by AO is unjustified and hence the addition is liable to be deleted.
ITAT Delhi held that addition based on reliance placed on third party statement without any corroborated evidence is not sustainable in law. Accordingly, issue restored to AO for de novo adjudication.
Delhi High Court held that rejection of Merchandise Exports from India Scheme (MEIS) benefit merely because amended shipping bills were not being reflected on the automates is unjustifiable. Accordingly, MEIS benefit claim allowed.
Ministry of Finance rescinds 2011 Customs Notification No. 26/2011, effective from 7th September 2024, under powers of the Customs Act, 1962.
New GST registration advisory for Bihar, Delhi, Karnataka, Punjab: Biometric Aadhaar authentication and document verification now required.
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