ICAI has declared the CA Foundation June 2024 results. With 91,900 candidates and a 14.96% pass rate, find detailed results and analysis on the official ICAI website.
The provisions for tax and penalty determination under the currently applicable Section 73 (Nonfraud cases) and Section 74 (Fraud cases) are proposed to be replaced by a new Section 74A for the financial year 2024-25. Sections 73 and 74 will now only apply to matters related to the financial year 2023-2024. For cases from the […]
CBIC detected Rs. 36,374 crore worth of fake ITC in FY 2023-24 involving 9,190 cases. Key measures and data on ITC fraud detection detailed in the report.
Stay updated with the latest income tax exemptions, GST advisories, customs amendments, and more from the week of 22nd-28th July 2024. Get insights on significant notifications and circulars.
बजट 2024 में GST की धारा 73 और 74 को हटाकर नई धारा 74A लागू की गई है। यह धारा FRAUD और UNFRAUD मामलों के कर और पेनाल्टी निर्धारण को एकीकृत करती है।
Ministry of Corporate Affairs has penalized Care Detergents ₹1.06 crore for a 17-day delay in transferring unspent CSR funds to the PM CARES Fund.
Punjab Accountants Association urges Finance Minister to amend Section 43(B)(h) for MSMEs, proposing better payment timelines and uniform taxpayer regulations.
Explore the new Section 128A proposed in Budget 2024, detailing tax relief for non-fraud cases under Section 73. Learn how this impacts notices, statements, and orders.
Explore the 2024-25 budget proposals affecting TDS/TCS rates, new sections, and compliance updates. Stay informed on key changes and optimizations.
Learn about the new FORM GSTR-1A, an optional facility to amend or add missed GST supply details before filing GSTR-3B. Available from August 2024 for all taxpayers.
