From May 2025, banks must use only BIS-certified note sorting machines per RBI’s new standards to enhance banknote processing efficiency.
The CBIC updates customs tariff values for various goods effective October 31, 2024, including palm oil, gold, and silver
Notification No. 74/2024 updates Sea Cargo Manifest regulations, effective from publication date, amending key compliance deadlines for customs filings.
CBDT issues Notification No. 5/2024 for mandatory electronic filing of Forms 3CEDA and 3C-O under Income Tax Rules, effective from October 31, 2024.
CBDT issues Circular No. 14/2024 allowing condonation of delay in filing tax returns for AY 2023-24 under Section 80P, benefiting co-operative societies facing audit delays.
Moneshi Agro Industries Ltd faces a penalty for failing to file its Annual Return under Section 92 of the Companies Act, 2013, with a penalty of Rs. 1.64 lakh.
Beware of fraudsters soliciting money for IP applications. Report any suspicious claims to the office. Applications processed legally, no extra fees required.
CBI files chargesheet against Principal Commissioner of Income Tax and four others in a Rs 10 lakh bribery case. Investigation details included.
CBDT sets transfer pricing tolerance range at 1% for wholesale trading and 3% for other transactions for AY 2024-25, providing clarity to taxpayers.
New Aadhaar authentication process for GST registration in Ladakh. Book appointments for biometric verification and document verification.
