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Archive: December, 2024

Posts in December, 2024

Govt. Clarifies Tax Exemption for STs, No New Proposals

December 6, 2024 1200 Views 0 comment Print

Govt. confirms no changes to the process of tax exemptions for STs in Meghalaya, clarifying no certificates are needed to claim exemptions under Section 10(26).

Reasons Behind the Fall of Rupee Against Dollar in 2024

December 6, 2024 1305 Views 0 comment Print

Key factors affecting the rupee’s fall against the dollar, including global influences, oil prices, and foreign investments, explained by the Finance Ministry.

Govt. Reviews GST on Term & Health Insurance for Seniors

December 6, 2024 447 Views 0 comment Print

Govt. considers reducing GST on term and health insurance for seniors and those with coverage up to ₹5 lakh, with discussions ongoing within GST Council.

GST Rate Reduction and Rationalization: Key Points

December 6, 2024 897 Views 0 comment Print

GST rate reduction, rationalization, and the Centre-State issue discussed in the Lok Sabha, highlighting data and government responses in December 2024.

UPI Hits Milestone with 16B Transactions Worth ₹23.49 Lakh Crore

December 6, 2024 456 Views 0 comment Print

UPI processed over 16B transactions worth ₹23.49 Lakh Crore in October 2024, marking significant growth in India’s digital payment ecosystem.

MCA’s Initiatives: Decriminalization, Compliance Ease & Action Against Non-Active Companies

December 6, 2024 735 Views 0 comment Print

MCA enhances compliance and ease of doing business with decriminalization of 63 offences, faster company strike-offs, and streamlined corporate processes.

CBI Arrests Two Income Tax Employees in Bribery Case

December 6, 2024 714 Views 0 comment Print

CBI arrests two Income Tax employees in Silchar for accepting Rs. 4,000 bribe as part of a Rs. 10,000 demand for PAN card closure. Investigation continues.

Crypto Conundrums: Legal Complexities from lens of International Taxation

December 5, 2024 1221 Views 0 comment Print

Explore global tax complexities of cryptocurrency, focusing on jurisdiction, pseudonymity, and the need for an international framework.

Labour Law Updates: High Court Rulings – November 2024

December 5, 2024 4776 Views 0 comment Print

Key Labour law rulings in November 2024: ESI, ID Act, Provident Fund, and more across various High Courts.

Section 115BAC: Revised Tax Framework for Individuals and HUFs

December 5, 2024 2505 Views 1 comment Print

Article explains key features, benefits, and drawbacks of Section 115BAC, the new tax framework offering reduced rates for individuals and HUFs in India.

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