I am paying a monthly house rent of more than Rs 50,000. As per Section 194-IB of the Income Tax Act, I understand that TDS is applicable. Should I deduct and deposit TDS every month, or can it be done once at the end of the financial year in a single payment?
Despite the higher number, the per assessee or GSTIN (GST Identification Number) collection of GST by States is lower than that of the Centre.
The Income Tax Department has notified new ITR forms for FY 2024-25, detailing eligibility and exclusions for each form. Forms cater to different taxpayer categories, with updates including a new section for tax-exempt long-term capital gains.
A 19-year old boy from Faridabad allegedly pulled off a Rs.64 crore fraud on central GST over the past two years, using fake bills showing the sale of iphones and registering bogus firms in the name of his grandmother and house help.
The government has informed the country’s apex court that the moment a financial stake is introduced—even in games requiring skill—the activity becomes a form of betting and gambling.
CBIC issued Notification no. 02/2025 – Customs (CVD) dated 30.04.2025 Seeking to amend Notification No. 05/2024-Customs (CVD) dated the 11th September, 2024 so as to align with changes made vide Finance Act, 2025
CBIC issued Notification no. 8/2025-Customs (ADD) dated 30.04.2025 Seeking to amend various Customs Notifications so as to align them with changes made vide Finance Act, 2025
CBIC issued Notification No. 33/2025-Customs dated 30.04.2025 regarding Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
CBIC issued Notification No. 32/2025-Customs dated 28.04.2025 Seeking to amend Notification No. 58/2021-Customs (N.T.), dated the 01.07.2021 under Section 151B(2) of the Customs Act, 1962 to notify Agreement or Arrangement on CMAA in Customs Matter of India and with other Countries
CBIC issued Notification No. 31/2025-Customs dated 28.04.2025 regarding Appointment of Common Adjudicating Authority for the purpose of finalization of Provisional Assessment in SVB case w.r.t. M/s Murrplastik India Private Limited
