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Income Tax Amendment: Latest Changes in ITR-7 Forms

October 31, 2023 6324 Views 0 comment Print

Explore the key amendments in Income Tax Rules, 1962, effective from April 2023. Detailed analysis of ITR-7 Forms modifications and their impact on taxpayers.

Customs Notification 62/2023: Exemption of Export Duty on Onions

October 28, 2023 2607 Views 0 comment Print

Get the latest customs amendment by the Ministry of Finance. Onions (0703 10) now exempt from duties. Effective from 29th October, 2023

CBIC Rescinds Notification No. 48/2023 of 40% Export Duty on Onions

October 28, 2023 1437 Views 0 comment Print

Get insights on the latest Ministry of Finance notification. Learn about the rescission of Notification No. 48/2023-Customs and its implications. Effective from October 29, 2023

Hello! UPI: NPCI Introduces Voice-Powered UPI Features

October 27, 2023 6036 Views 0 comment Print

NPCI introduces Hello! UPI, enabling voice-assisted UPI transactions, onboarding, alerts, and more. Explore guidelines and updates for seamless digital payments.

Vacancy: Official Liquidator’s Office, Bombay High Court – Apply Now

October 27, 2023 1878 Views 0 comment Print

Government of India, Ministry of Corporate Affairs, Office of the Official Liquidator, Bombay, is hiring Drafting Counsel/Associates. Learn about the roles, eligibility, and application process

Non-Callable Deposits – Master Direction on Interest Rate on Deposits

October 26, 2023 1812 Views 0 comment Print

The RBI has increased the minimum amount for non-callable deposits from ₹15 lakh to ₹1 crore, impacting domestic and Non-Resident (NRE/NRO) term deposits. Learn more

RBI: Strengthening Customer Service by CICs and CIs

October 26, 2023 3318 Views 0 comment Print

RBI directs Credit Information Companies (CICs) and Credit Institutions (CIs) to enhance customer service through various measures.

Customs Duty Drawback: Revised Rates and Implications

October 26, 2023 3837 Views 0 comment Print

Explore the latest circular by the Ministry of Finance – CBIC, regarding the revision of All Industry Rates (AIRs) of Duty Drawback, effective from October 30, 2023

ITAT Upholds Penalty on Charitable Institution for Tax Audit Violation

October 26, 2023 1719 Views 0 comment Print

Vakrangee Foundation faces a penalty for non-compliance with tax audit provisions under Section 44AB. ITAT rules that Section 2(15) does not exempt charitable institutions.

Section 11 Exemption denial over Punching Error: ITAT Orders Re-Adjudication

October 26, 2023 1089 Views 0 comment Print

Explore case of Vasan Sheri Kelavani Samiti Trust vs. ITO, where Section 11 exemption was denied due to a punching error. ITAT orders re-adjudication and considers rectification application.

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