Sales Tax Bar Association protests against arbitrary tax demands and operational inefficiencies, urging swift action for fair treatment of taxpayers.
CBDT notifies ITR-7 [For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only] under section 139 of Income tax Act 1961 for AY 2024-25 vide Notification No. 24/2024-Income Tax Dated: 1st March, 2024. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification […]
Government penalty for Somen Venture Private Limited for failing to update director addresses. Directors Kahkashan Zar & Mohammad Neyaz Ahmad fined ₹2.21 Lakhs each for violating Rule 12. Know your rights to appeal the order.
Explore the impact of Income Tax Sections 269SS, 269ST, 269SU, and 269T on transactions via Journal/Book Entries. Learn about legislative framework, judicial interpretations, and penalties.
Discover the staggering figures of 361,748 pending Income Tax appeals as per RTI response. Dive into the detailed analysis of filed and disposed appeals, revealing insights into the tax landscape
Discover the consequences of incorrect SFT reporting triggering U/s 148A notices under the Income Tax Act, 1961. Learn from a detailed case analysis and understand the implications for taxpayers.
Learn why the government should reduce the number of notices in Income Tax and GST. Explore the impact and solutions to streamline tax processes effectively.
Income Tax Department addresses concerns about mismatches in ITR and third-party data, offering a resolution guide on the Compliance Portal.
Explore Section 168A of CGST Act, its impact on extended GST notice timelines, and legal challenges. A detailed analysis of recent cases and misuse concerns.
Explore the implications of Notification No. 01/2024 by the Directorate of Income Tax (Systems) mandating electronic filing of forms, returns, statements, and reports under Income-tax Rules, 1962.
