Lawgics – compendium
Author and Advocate Ms. Nidhi Aggarwal is presenting GST case law & judgment in simplified manner under the title “Lawgics”. The attempt is with a vision to spread knowledge of complex GST law amongst the taxpayers, tax professionals, students and knowledge seeker. Read more
Year End Finalization – GST Perspective
CA Nitin Bhuta Sir from Mumbai made a presentation on Year End Finalisation from GST perspective at WIRC today before 120 participants. Read more
Order u/s 119 of Income Tax 1961 dated 01.03.2024
CBDT issued an Order F. No. 225/132/2023/ITA-II on 01.03.2024 on subject “Processing of returns of income validly filed electronically with refund claims under section 143(1) of the Income-Act, 1961 beyond the prescribed time limits in non-scrutiny cases- regd. Read more
CBDT substitutes Form ITR-7 for AY 2024-25
CBDT substitutes Form ITR-7 for AY 2024-25 w.e.f 01.04.2024 vide Notification No. 24/2024/F. No. 370142/1/2024-TPL(Part-1)] dated 01.03.2024. Read more
HC junks CIC order to give info on tax exemptions to temple trust
Delhi high court has set aside a Central Information Commission (CIC) order directing the Central Board of Direct Taxes (CBDT) to furnish information on tax exemptions given to Shri Ram Janmabhoomi Teerth Kshetra Trust, which is looking after construction and management of Ayodhya’s Ram temple. The information was sought by one Kailash Chandra Moondra under Right To Information (RTI) Act. Read more
Rs.100-cr tax evasion uncovered: I-T raids put brakes on tobacco tycoon’s ‘luxury run’
Tax evasions worth more than Rs.100 crore by Banshidhar Tobacco Company and its affiliate firms were unearthed during the income tax department’s raids across Kanpur, Delhi and Jhansi on Thursday and Friday, according to people aware of the details. Read more
Crooks fake GST raid, steal 20k
The Market Yard police are investigating a complaint registered by a 52 year old betelnut businessman from Gultekdi, stating that six people, of which four posed as Goods and Services Tax (GST) officials, stole Rs. 20,000 from the cash box at his store under the pretext of conducting a raid. Read more
CBDT notifies Uttar Pradesh Real Estate Regulatory Authority for the exemption
CBDT issued Notification No. 25/2024/F. No. 300196/17/2021-ITA-I dated 01.03.2024. It notifies Uttar Pradesh Real Estate Regulatory Authority’ (PAN AAAGU0671E) under clause (46) of section 10 of Income Tax, Act 1961 for the purpose of exemption in respect of specified income. Read more
I-T Dept’s faceless tax assessment facility enabling faster grievance redressal: FM
The faceless tax assessment facility of the Income Tax Department is resulting in faster redressal of taxpayers’ grievances, which is a big step towards ease of doing business, finance minister Nirmala Sitharaman said on Wednesday. Read more
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