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 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 of listed companies yet to file NFRA-2 for 2023-24. Filing deadline was 30.11.2024; fines apply for non-compliance.
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.
JAOs face workload imbalances, limited manpower, and systemic issues post-Faceless Assessment Scheme. Suggestions for better resource allocation and system redesign outlined.
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.
Details on import duties, GST rates, and tax incentives for lifesaving medical devices in India. Learn about GST Council’s role and concessions offered by the government.
Revenue Department raises appeal limits for ITAT, High Court, and Supreme Court, benefiting over 10,000 cases in tax and customs, reducing litigation burden.
Government’s approach to addressing corporate misconduct, strengthening investor protection, and promoting financial literacy through various initiatives.
The updated return facility encourages voluntary tax compliance, allowing taxpayers to correct income omissions. Proposal to extend filing limit to 4 years underway.
