Ahead of the passage of the new Income Tax Bill, the Central Board of Direct Taxes (CBDT) has set in motion a detailed implementation program. According to the action plan for fiscal year 2025-26, the board aims to train at least half of its workforce by the end of March.
The Hon’ble Jammu & Kashmir and Ladakh High Court at Jammu held that the rejection of a partial refund claim under the Budgetary Support Scheme without assigning any reason was unjustified.
OTU is conducting a Webinar on topic – GST implication on assignment of leasehold rights for land and building on 7th June, 2025 at 3 pm to 4 pm
Day-9 of 30-Day Series on the Customs Act 1962 and FTP 2023 by CA Navjot Singh.
The new invoice management system under the GST regime, designed to eliminate unbilled transactions across the country, has been met with widespread criticism from taxpayers and industry experts alike.
The government on Monday said benefits under the RoDTEP scheme for exports of goods manufactured in special economic zones and export-oriented units are restored from June 1 this year.
CBTD on Tuesday said it has extended the deadline for filing of Income Tax Returns (ITRs) to September 15, for the assessment year 2025-26. Earlier, the due date was July 31, 2025.
In view of the extensive changes introduced in the notified Income Tax Returns (ITRs) and considering the time required for system readiness and rollout of ITR utilities for Assessment Year (AY) 2025-26, the Central Board of Direct Taxes (CBDT) has decided to extend the due date for filing returns.
Karnataka HC rules that sale of partly constructed building acquired through liquidation proceedings is not a “supply” under GST.
