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GST on Medicines and Medical Goods: Government Stance

March 28, 2025 402 Views 0 comment Print

Insights on GST policies for medicines and medical goods, exemptions for healthcare services, and GST revenue data from 2019 to 2024, state-wise.

Historical Fall In Stock Market and Government’s Response

March 28, 2025 423 Views 0 comment Print

Indian stock market witnessed a ₹74 lakh crore loss since Oct 2024. No plans to abolish LTCG tax; reforms made in Budget 2024-25 for simplification.

IFSCA approves new regulations for capital market intermediaries, KYC agencies & fund management

March 27, 2025 111 Views 0 comment Print

IFSCA’s 23rd meeting approved new regulations for capital market intermediaries, KYC agencies, and fund management, promoting transparency and ease of doing business.

Loose Papers Entries Unsupported: Tribunal Justified in Deleting Revenue’s Additions

March 27, 2025 471 Views 0 comment Print

Bombay High Court dismisses revenue’s appeal in PCIT Vs Umesh Ishrani case, citing lack of corroboration for loose paper evidence in cash payment additions.

CAIT Seeks Action on Misleading Opinion Trading Platforms

March 26, 2025 105 Views 0 comment Print

CAIT raises concerns about deceptive opinion trading platforms, urging action to prevent user harm and ensure compliance with IT Rules, 2021.

Provisional List of Audit Firms Missing NFRA-2 Filings for 2023-24

March 26, 2025 336 Views 0 comment Print

Provisional list of audit firms of listed companies yet to file NFRA-2 for 2023-24. Filing deadline was 30.11.2024; fines apply for non-compliance.

Provisional List of Audit Firms Yet to File NFRA-2 for Reporting Period 2022-23

March 26, 2025 288 Views 0 comment Print

List of audit firms yet to file NFRA-2 for 2022-23. Filing deadline was 30.11.2023; penalties apply for non-compliance. Late submissions are still accepted.

Update ISD GSTIN for BSE Invoicing by March 26, 2025: NSE

March 26, 2025 135 Views 0 comment Print

Companies must update their ISD GSTIN with BSE by March 26, 2025, to receive invoices from April 1, 2025. Details on the process and contact provided.

Challenges and Solutions for Junior Income Tax Assessment Officers

March 26, 2025 156 Views 0 comment Print

JAOs face workload imbalances, limited manpower, and systemic issues post-Faceless Assessment Scheme. Suggestions for better resource allocation and system redesign outlined.

Access By IT Officials To Personal Email, Social Media and Bank Accounts

March 26, 2025 5448 Views 0 comment Print

IT officials can access digital records during searches under IT Act, 1961, but personal emails and social media access is not allowed. Learn about legal provisions.

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