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LIC Receives GST Bill Exceeding Rs 290 Crore from Bihar Tax Department

Posted in GST on 25 September 2023
The Life Insurance Corporation of India (LIC) has received a Goods and Services Tax (GST) demand, which includes interest and penalty, from Bihar state tax offi..

Income Tax Department Urges Taxpayers to Address Past Tax Demands for Speedier Refunds

Posted in Income Tax on 25 September 2023
The Income Tax Department is making every effort to complete the processing of Income Tax Returns (ITRs) and issuance of refunds expeditiously..

CBDT releases Excel-Based and MAC Utilities for AY 2023-24

Posted in Income Tax on 25 September 2023
Central Board of Direct Taxes (CBDT) has released Updated Utilities, Excel-based Utility and a MAC Utility for filing Income Tax Returns ITR 3, ITR 5, and ITR 6..

CBDT releases Common Offline Utility for filing ITR 1, ITR 2, ITR 3 and ITR 4 for AY 2023-24

Posted in Income Tax on 25 September 2023
Central Board of Direct Taxes (CBDT) has released updated Common Offline Utility for filing Income Tax Returns ITR 1, ITR 2, ITR 3, and ITR 4 for the Assessment..

GSTN launches 'Track Application Status' tab for GST Registration

Posted in GST on 25 September 2023
GSTN has introduced a new 'Track Application Status' tab in the GST registration process...

ICAI invites suggestions for Pre-Budget Memorandum 2024

Posted in Union Budget on 23 September 2023
Institute of Chartered Accountants of India (ICAI) has invited suggestions for the Pre-Budget Memorandum-2024. ..

Income Tax Raids Lux Industries Over Rs 200 Crore Tax Evasion Allegation

Posted in Income Tax on 23 September 2023
Lux Industries, a company in the FMCG (Fast Moving Consumer Goods) sector, is currently undergoing a raid by the Income Tax Department in multiple locations, in..

Income Tax Department Unveils New Tax Payment Summary Report on AIS Portal

Posted in Income Tax on 22 September 2023
Income Tax Department of India has recently introduced a new tax payment summary report, which is now accessible in the "Reports" section of the AIS portal..

Chartered Accountant Apprehended by CBI Accepting Bribe of Rs 50,000

Posted in Professional Resource on 22 September 2023
The Central Bureau of Investigation (CBI) has arrested a Chandigarh-based chartered accountant (CA) named Vikas Aggarwal for accepting a bribe of Rs 50,000. ..

GST Biometric & Geotagging Tests Delayed Over Data Access: Official

Posted in GST on 21 September 2023
The Indian government is planning to implement biometric and geotagging authentication measures during the Goods and Services Tax (GST) registration process to ..