42nd Edition of ICAI-GST E-Newsletter

By | February 19, 2024

Dear Professional Colleagues, Greetings from GST and Indirect Taxes Committee. We are delighted to share with you the “42nd Edition of ICAI-GST E-Newsletter”. This edition of Newsletter contains articles on “GST & IBC- An Interesting Saga of ‘Entwined Twins”, “Interest under GST – A Disincentive for Litigation” and “Show Cause Notice – Checking the Validity”.  Other regular features… Read More »

Tax Demand waived upto Rs 1 Lakh by Income Tax department

By | February 19, 2024

Tax Demand waived upto Rs 1 Lakh by Income Tax department Consequent to the Order of the CBDT in F.No 375/02/2023-IT-Budget dated 13.2.2024 eligible outstanding direct tax demands have been remitted and extinguished. Please log into your account and follow the path Pending Action > Response to Outstanding Demand to check the status of ‘Extinguished… Read More »

DEDUCTIONS Allowed in New TAX REGIME AY 2024 – 25 I GOOD NEWS ITR FILERS I CA SATBIR SINGH

By | February 18, 2024

DEDUCTIONS Allowed in New TAX REGIME AY 2024 – 25 I GOOD NEWS ITR FILERS I CA SATBIR SINGH

MCA operationalises Central Processing Centre (CPC) for Centralised Processing of Corporate Filings

By | February 16, 2024

Ministry of Corporate Affairs MCA operationalises Central Processing Centre (CPC) for Centralised Processing of Corporate Filings 12 forms/applications will be processed at CPC from 16.02.2024; followed by other forms from 01.04.2024 onward CPC will process applications in time-bound and faceless manner on the lines of Central Registration Centre (CRC) and Centralised Processing for Accelerated Corporate… Read More »

Paytm Deposit allowed upto 15th March 2024

By | February 16, 2024

The Reserve Bank of India, in exercise of its powers under Section 35A of the Banking Regulation Act, 1949, had put certain business restrictions on Paytm Payments Bank Ltd (PPBL or the bank), vide Press Releases dated March 11, 2022 and January 31, 2024. 2. Keeping in view the interest of customers (including merchants) of PPBL who may… Read More »

Finance Act, 2024. Notified Download

By | February 16, 2024

Finance Act, 2024 Download MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 15th February, 2024/Magha 26, 1945 (Saka) The following Act of Parliament received the assent of the President on the 15th February, 2024 and is hereby published for general information:— THE FINANCE ACT, 2024 NO. 8 OF 2024 Download Click here