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A. Amendment DGFT-Public Notice No. 42/2024-25 dated 21.01.2025 DGFT issued Public Notice No. 41/2024-25 dated 15.01.2025 regarding Introduction of New Paras in Chapter 4 of Handbook of Procedures, 2023. DGFT Notif. 53/2024-25 dt 21.01.2025 DGFT issued Notification No. 53/2024-25 dated…
The transition of Indian tax administration to a digitised and faceless assessment system, introduced in 2019 by the Narendra Modi government, represented a ground-breaking move toward providing a non-intrusive, non-adversarial tax ecosystem. Spearheaded by the National e-Assessment Centre (NeAC), faceless tax assessments were meant to eliminate human interaction, reduce bias, and improve transparency and efficiency in tax administration. The system promised timely case disposal, team-based assessments, and the standardisation of procedures, offering a streamlined and fairer approach for taxpayers across the country.
The Employee Provident Fund Organisation (EPFO) has announced a new facility for members to delink any wrongly-linked member ID in their UAN which has been linked without their knowledge.
A recent media report reveals that around 90,000 salaried individuals from public and private sector companies withdrew tax deduction claims worth Rs 1,070 crore as on December 31, 2024. With extensive data available to the Income-Tax (I-T) Department from multiple sources, the likelihood of detecting wrongful claims is now significantly high.
The Employees’ Provident Fund Organization (EPFO) has introduced key service updates, including simplifying the joint declaration process, implementing a Centralized Pension Payment System (CPPS), clarifying pension policies for higher wages, enabling online member profile updates, and easy PF transfers. Here are the details of each of these changes, knowing which can help you in managing your EPF more effectively.
Budget 2025 income tax expectations: Finance Minister Nirmala Sitharaman should look to increase the income tax threshold for the 30% tax bracket in her Union Budget 2025, says Adhil Shetty, CEO of BankBazaar.
In a significant victory for Vodafone Idea Ltd, the Supreme Court on Tuesday (January 20) upheld the Bombay High Court’s November 2023 decision granting the company a tax refund of ₹1,600 crore.
CBDT issued notification no. 8/2025 dated 20.01.2025 whereby the Central Government makes the following Order to remove the difficulty, arisen in giving effect to the provisions of the Direct Tax Vivad Se Vishwas Scheme, 2024.
DGFT issued Notification No. 53/2024-25 dated 21.01.2025 regarding Introduction of new Scheme as ‘Diamond Imprest Authorisation’ under Chapter 4 of Foreign Trade Policy 2023.
DGFT issued Public Notice No. 42/2024-25 dated 21.01.2025 regarding Introduction of New Paras in Chapter 4 of Handbook of Procedures, 2023.
