A. PPT
| Sr. no | Category | in brief | Authored by | in detail / reference |
| 1 | Income tax | PPT for deliberations on “ Common Mistakes – Determination of Total Income (including ITR) for AY 24 – 25″ | Mr. CA Nitin Bhuta, Mumbai | Go to PPT |
B. Tax in Media
| Sr. no. | Category | In brief | In detail / reference |
| 1 | Budget Press Release | The Pre-Budget consultations for Union Budget 2024-25 that started from 19th June 2024 onward in the Ministry of Finance and chaired by Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman, concluded on 5th July 2024. | Read more |
| 2 | Budget- Income tax | The government is reportedly considering a proposal to increase the tax-deductible limit on interest income from savings accounts to Rs 25,000. With the Budget 2024 date set for July 23, the proposal, put forth by banks during a recent meeting with key finance ministry officials, aims to provide deposit incentives amidst concerns over the widening credit-deposit ratio, claimed an Economic Times report. | Read more |
| 3 | Budget Income tax | India’s pharmaceutical companies are hoping for tax incentives and financial assistance for research on innovative drugs as Prime Minister Narendra Modi’s government readies a federal finance budget likely to be presented in July. | Read more |
| 4 | GST | Officers of the CGST Gandhinagar Commissionerate have uncovered a major tax evasion case involving Xerxes HR Services Private Limited. The human resource firm, primarily supplying manpower services to govt bodies like the Gujarat Pollution Control Board and Gujarat State Seeds Corporation Limited, was found to be collecting but not remitting GST, amounting to Rs. 6.74 crore from FY 2017-18 to FY 2023-24. | Read more |
| 5 | GST | Divisional president of the association M. Sharanagouda in a memorandum demanded the government withdraw the Goods and Services Tax (GST) on Life and Medical Insurance premium. Both life insurance and medical insurance premiums attract a GST rate of 18%. | Read more |
| 6 | Income tax | Taxpayers should note that high-value cash transactions exceeding a specified limit are subject to monitoring by the Income Tax Department. Failure to disclose such transactions in Income Tax Returns (ITR) filing could result in a notification from the tax authorities. | Read more |
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