As of December 31, 2023, an outstanding 8.18 crore ITRs have been filed, marking a noteworthy year-on-year increase of 9% compared to corresponding period in previous fiscal year when 7.51 crore ITRs were filed.
Time limit for issuance of notice in GST extended – For FY 18-19 – Extended date is 30.04.2024 and For FY 19-20 – Extended date is 31.08.2024. Notification No. 56/2023-Central Tax Dated: 28th December, 2023
Understand Income Tax India’s recent communication on transactions. Learn importance of feedback, deadlines, and steps to ensure compliance. A comprehensive guide for taxpayers.
Explore Madras High Court’s judgment on primary agricultural credit cooperative societies challenging Circulars related to tax deduction on cash withdrawals, with a focus on Section 194N.
Explore Income Tax Department’s advisory on reducing cash transactions. Learn about societal, individual, and national factors driving the push towards electronic transactions. Dive into the provisions, penalties, and incentives aimed at creating a transparent and accountable financial ecosystem.
Bharatiya Nagarik Suraksha Sanhita, 2023 received the assent of the President on the 25th December, 2023. It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.
Explore the Delhi High Court judgment on Randa Chehab’s deportation. Understand the consequences of violating business visa conditions and the legal stance on blacklisting foreigners
CBDT notifies ITR 1 and ITR 4 for Assessment Year (AY) 2024-25 / Financial Year (FY) 2023-24 vide Notification No. 105/2023-Income Tax Dated: 22nd December, 2023. Ministry of Finance (Department of Revenue) (Central Board of Direct Taxes) New Delhi Notification No. 105/2023-Income Tax Dated: 22nd December, 2023 G.S.R. 908(E).— In exercise of the powers conferred by […]
Explore the SC ruling on Canon India Pvt Ltd, dissecting Section 96 of Finance Act, 2022, and the subsequent Madras High Court decision. Unravel the background, impact of the Finance Act, and insightful analysis, shedding light on the ongoing legal intricacies
Discover the evolution of coin mixing with ValueShuffle in Bitcoin transactions. Explore its advantages, technical architecture, security, and the potential future it holds. Stay informed on cryptocurrency privacy enhancements.
