Explore how Sovereign Gold Bonds (SGBs) offered investors high returns while creating financial challenges for the government. Learn about their impact and future.
Indian government has introduced a taxpayer-friendly GST Amnesty Scheme under Section 128A of the CGST Act, 2017, effective from November 1, 2024. This initiative aims to reduce litigation and provide relief to businesses by waiving interest and penalties for specific disputes.
The Updated Income Tax Return (ITR-U) is a recent provision introduced under Section 139(8A) of the Income Tax Act, 1961. This provision gives taxpayers an opportunity to correct errors or omissions in their previously filed returns, even after the prescribed deadlines have passed.
UCO Bank invites applications for empanelment of Stock & Receivables Auditors. Submit by 12.03.2025 for audits of borrower stocks and book debts.
Tribunal ruled that Section 12AB(4) does not provide powers to cancel Section 12A registrations, and the notices issued were invalid. The allegations were based on retracted statements and lacked concrete evidence. The Tribunal quashed the cancellation and restored the trust’s registration.
ICSI announces CS exam results for December 2024 session. Check pass percentages, top rankers, and next exam dates. Download marks statements at icsi.edu.
ITAT Ahmedabad deletes addition of ₹6.16 lakh under Section 69A for unexplained jewellery, considering joint ownership of locker and affidavit from the daughter.
ITAT Mumbai ruled on Dev Engineers Vs DCIT, deleting penalties under Sections 271(1)(c) and 271AAB. Additions were based on estimation, lacking evidence of concealment.
Explore income tax benefits for senior citizens in India, including tax slabs, exemptions, deductions, and key provisions under the Income Tax Act for 2025.
One of the most infamous tax evasion cases in India is the Sahara India tax evasion case, which highlights the legal implications of fraudulent financial practices.
