Explore the latest 2023 revision of the ICAI’s Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961. Learn about updates, compliance requirements, and the role of chartered accountants in the tax audit process.
Detailed analysis of NCLAT Chennai’s ruling in K Parthiban Rasu Vs Umiya Development Centre India Pvt. Ltd. & SBI case. Learn how it impacts insolvency law.
Required certificate under Section 65B(4) of of Evidence Act is unnecessary if original document itself is produced. This can be done by owner of a laptop computer, computer tablet or even a mobile phone, by stepping into witness box and proving that concerned device, on which original information is first stored, is owned and/or operated by him.
Ministry of Finance announced significant developments in GST revenue for August 2023. With a total collection of ₹1,59,069 crore, ministry reports an impressive 11% Year-on-Year growth.
A new ledger namely Electronic Credit and Re-claimed Statement is being introduced on the GST portal. This statement will help the taxpayers in tracking of their ITC that has been reversed in Table 4B(2) and thereafter re-claimed in Table 4D(1) and 4A(5) for each return period, starting from August return period.
On August 28, 2023, the Income Tax Department unveiled the most recent set of Frequently Asked Questions (FAQs) pertaining to Form 27C. As taxpayers grapple with their income tax obligations, these FAQs offer clarity and direction on how to approach Form 27C. Income Tax Department also informed that Functionality for Revision of Form 27C is now […]
Discover the top six NRE account rules every NRI must know. Unlock the secrets of NRI banking in India with documents required for an NRE account and more.
CGST Navi Mumbai arrests key personnel from six firms, exposing a Rs 5.01 crore Input Tax Credit scam involving bogus invoices of about Rs. 30 crores
Explore new CBDT’s Income Tax website. Redesigned for mobile, featuring a Mega Menu, guided tours, and functionalities to compare Acts, Sections, and more.
CBI investigates a former Superintendent, Bond Section, JNCH Raigad & private firms over alleged conspiracies causing government revenue loss.
