Following the introduction of the Income Tax Bill 2025 in Parliament, ICAI has expressed its strong support for the proposed ...

ITAT Raipur held that there were justifiable reasons for the assessee firm of having remained unaware about the on-going ...

Following Budget 2024, the long-term capital gains on domestic and foreign equity funds/ETFs/FOFs were to be taxed at 12.5%.

Jharkhand High Court ruled that tax authorities must follow the due process before passing adjudication orders under the ...

ITAT Nagpur held that rejecting application for registration u/s. 10 (23C) of the Income Tax Act for the acts which have not ...

The “One Nation, One Election” idea is all about bringing together the national and state elections for one big event. This approach could save ...

CESTAT Chennai held that refund of excess duty paid is allowable since delay in filing of bill of entry was on account of system error. Thus, appeal of revenue dismissed and refund granted by lower ...

Disciplinary Committee (DC) suspended Insolvency Professional Anil Mehta for three months due to misconduct during the liquidation of Pratibha Industries Limited. The investigation revealed that Mehta ...

Between the financial years 2021-22 and 2023-24, corporate tax concessions had a significant revenue impact. For instance, deductions for SEZ units under Section 10AA resulted in tax savings of ...

Finance Bill 2025 proposes a revised tax structure under the new regime, exempting annual income up to ₹12 lakh for resident individuals through a rebate. The new tax slabs introduce a progressive tax ...

The Central Board of Indirect Taxes and Customs, Department of Revenue, Ministry of Finance, has introduced electronic processing of Bill of Entry/ Shipping Bill pertaining to gems and ...

The implementation of GST in India has significantly impacted branch transfers within the textile industry, where the movement of goods between units with separate GSTINs (even under the same PAN) is ...