CBDT clarifies on media reports claiming special drive to reopen cases with reference to HRA claims There is no special drive to re-open cases of mismatch, and media reports alleging that large-scale re-opening is being undertaken by the CBDT are completely misplaced Apprehensions are about … Continue Reading →

Order No. F.No.Val20L9-NS Government of India Ministry of Finance Department of Economic Affairs dated 08-03-2024: The interest rate for several small savings schemes will remain unchanged for April-June 2024 quarter of the upcoming financial year. Small savings schemes Interest rates for April-June 2024 Savings deposits … Continue Reading →

PIB Posted On: 07 MAR 2024 6:37PM by PIB Delhi The Anti-Evasion branch of Central Goods and Services Tax (CGST) Commissionerate, Meerut, started an investigation in October 2023 into a large syndicate that fraudulently claimed Input Tax Credit (ITC) by way of fake billing. … Continue Reading →

Gross Direct Tax collections at Rs. 17.18 lakh crore with Y-o-Y growth of 16.77%, as on 10th January, 2024 Direct Tax collection, Net of refunds stands at Rs. 14.70 lakh crore with Y-o-Y growth of 19.41% Net Corporate Income Tax (CIT) grows at 12.37% and … Continue Reading →

The Central Board of Indirect Taxes And Customs (CBIC) has extended the deadline for filing FORM GSTR-3B for November 2023 until December 27, 2023. As suggested by the Council under section 39(1) and rule 61(1)(i) of the Central Goods and Services Tax Rules, 2017, the … Continue Reading →

RBI/2023-24/93 A.P. (DIR Series) Circular No.11 December 22, 2023 To All Category-I Authorised Dealer Banks Madam/Sir, Liberalised Remittance Scheme (LRS) for Resident Individuals- Reporting of monthly return and daily transactions Attention of all Authorised Dealer Category-I (AD Category- I) banks is invited to A.P. … Continue Reading →

69% of the total 44.46 crore loans sanctioned under Pradhan Mantri Mudra Yojana, have been sanctioned to women 84% of the total 2.09 lakh loans sanctioned under Stand-up India, have been sanctioned to women entrepreneurs Posted On: 18 DEC 2023 5:11PM by PIB Delhi  … Continue Reading →

Gross Direct Tax collections for FY 2023-24 register a growth of 17.01% Net Direct Tax collections for FY 2023-24 grow at over 20.66% Advance Tax collections for the FY 2023-24 stand at Rs. 6,25,249 crore which shows a growth of 19.94% Refunds aggregating to Rs. … Continue Reading →

PFRDA now allows National Pension System (NPS) subscribers to deposit contributions through Unified Payments Interface (UPI) QR code for D-Remit Posted On: 20 DEC 2023 8:31PM by PIB Delhi In a significant enhancement to the D-Remit process, the Pension Fund Regulatory and Development Authority … Continue Reading →

Total digital payment transactions volume increases from 2,071 crore in FY 2017-18 to 13,462 crore in FY 2022-23 at a CAGR of 45 %: MoS Finance ‘Digital payments transactions reach 11,660 crore in current Financial year as on 11.12.2023’ Posted On: 19 DEC 2023 6:35PM … Continue Reading →