Hon’ble High Court Patna in case of M/s Sita Pandey Vs State of Bihar (Patna High Court) Date of Judgement 23-08-2023 held that the tax authority should also act as a facilitator of business and economy and not merely as an extortionist, always looking to … Continue Reading →

Welfare measures include increase in gratuity limit, eligibility for renewal commission, term insurance cover for LIC agents; and a uniform rate of family pension for LIC employees Posted On: 18 SEP 2023 2:04PM by PIB Delhi The Ministry of Finance today approved a series … Continue Reading →

Net Direct Tax collections for the FY2023-24 (as on 16.09.2023) grow at over 23.51% Advance Tax collections for FY2023-24 (as on 16.09.2023) stand at Rs. 3,55,481 crore with a growth of 20.73% Refunds aggregating to Rs. 1,21,944 crore issued upto 16.09.2023 Posted On: 18 SEP … Continue Reading →

The due date of furnishing Audit reports in Form 10B/Form 10BB for the Financial Year 2022-23, which is 30.09.2023 has now been extended by the Central Board of Direct Taxes (CBDT) to 31.10.2023. The due date of furnishing of Return of Income in Form ITR-7 … Continue Reading →

SFIO arrests Chartered Accountant in Hyderabad for role during demonetisation Posted On: 18 SEP 2023 11:30AM by PIB Delhi Based on specific intelligence, officers of the Serious Fraud Investigation Office (SFIO), Ministry of Corporate Affairs, in collaboration with Commissioner of Police, Mumbai, arrested Shri … Continue Reading →

Hon’ble Patna High Court in case of M/s Gobinda Construction Vs Union of India through the Secretary Date of Judgement: 08-09-2023 held that sub-section (4) of Section 16 of the CGST/ BGST Act are constitutionally valid and are not violative of Articles 19(1)(g) and Article … Continue Reading →

Hon’ble ITAT Delhi in case of M/s FIL India Business & Research Services Pvt Ltd Vs ACIT (ITAT Delhi) Appeal Number: ITA No. 412/Del/2023 Date of Order: 10/08/2023 held that the assessee cannot be held responsible attracting the disallowance for the two days delay which … Continue Reading →

Cabinet approves eCourts Phase III for 4 years Posted On: 13 SEP 2023 3:32PM by PIB Delhi The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the eCourts Project Phase III as a Central Sector Scheme spanning four years (2023 … Continue Reading →

Sovereign Gold Bond Scheme 2023-24 (Series II) – Issue Price Posted On: 08 SEP 2023 9:27PM by PIB Delhi In terms of Government of India Notification No.4(6)-B(W&M)/2023 dated June 14, 2023, Sovereign Gold Bonds 2023-24 (Series II) will be opened for subscription during the … Continue Reading →

The CBIC vide Notification No. 45/2023-Central Tax dated 06-09-2023 has introduced significant amendments through Notification No. 45/2023-Central Taxes dated September 6, 2023, pertaining to the CGST Rules for valuation of supplies in the realm of online gaming and casinos. The relevant part of notification is … Continue Reading →