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November 2, 2024 Uncategorized 0

CBIC Announces Amendments to Sea Cargo Manifest Transshipment Regulations

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsNotification No. 74/2024-Customs(N.T.)New Delhi, dated 30th October, 2024G.S.R (E) -In exercise of t

November 2, 2024 Uncategorized 0

CBIC Revises Notification No. 36/2001 with New Tables

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsNotification No. 73/2024-CUSTOMS (N.T.)New Delhi, 30th October, 202408 Kartika,1946 (SAKA)S.O. .

November 2, 2024 Uncategorized 0

Mandatory additional qualifiers in import/export declarations inrespect of Synthetic or Reconstructed Diamonds

Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Indirect Taxes & Customs)North Block, New Delhi. Dated:30th October, 2024To All Principal Chief Commissioners/Chi

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Income Tax Dept Targets Disposal of 2 Lakh Appeals Worth Rs 10 Lakh Crore in FY26 May 7, 2025
In a major push to expedite tax dispute resolution and unlock substantial revenue, the Income Tax Department has set a bold target of disposing over 200,000 appeals in FY26....
Finance Ministry Brings Key Payment Law Amendments into Force from 9th May 2025 May 7, 2025
The Ministry of Finance has officially notified that Sections 152 and 153 of the Finance Act, 2017, which amend the Payment and Settlement Systems Act, 2007, will come into force from May 9, 2025. ...
GSTN Defers Invoice-wise Reporting Functionality in GSTR-7 Due to Technical Glitches May 7, 2025
In a recent update, the GSTN has announced a deferment in the implementation of the invoice-wise reporting functionality in Form GSTR-7, which was originally scheduled to go live for the return period starting April 2025....
CBDT Tightens Oversight on Top Advance Taxpayers to Boost FY26 Direct Tax Collection May 6, 2025
With an ambitious direct tax collection target of Rs 25.2 trillion for FY 2025-26, the CBDT has directed income-tax officials to intensify scrutiny of top advance tax payers and root out bogus claims of exemptions and deductions. ...
IT Department Recovers Rs 1,400 Crore From 63,000 Donors Linked to Dubious Political Donations May 6, 2025
Income Tax Department has recovered Rs 1,400 crore from over 63,000 individuals who evaded taxes by falsely claiming deductions for donations made to RUPPs during the financial years 2022-23 and 2023-24....
CBIC Directs GST Officers to Ensure Timely Record Submission to CAG Audit Teams May 6, 2025
CBIC has issued a directive to all GST field formations across India, emphasizing the urgent need for timely submission of records and information to the Comptroller and Auditor General (C&AG) audit teams. ...
Finance Ministry Notifies Five NBFCs for Aadhaar-Based Authentication Under PMLA May 6, 2025
The Ministry of Finance has authorized five NBFCs to conduct Aadhaar-based authentication under the PMLA, marking another step towards strengthening digital identity verification in the financial sector....
ICAI Welcomes Observations of the Candidates on the Question Papers of CA May 2025 Exams May 6, 2025
ICAI has issued an important notification inviting observations from candidates regarding the question papers of the CA Final, Intermediate, Foundation and Post Qualification Course - INTT-AT examinations conducted in May 2025....
CBDT Notifies New ITR Form ITR-2 for AY 2025-26 May 5, 2025
The Central Board of Direct Taxes (CBDT), under the Ministry of Finance, has officially notified a revised Income Tax Return (ITR) Form ITR-2 applicable for the Assessment Year (AY) 2025-26. ...
ICAI to Evaluate Financial Impact of 'One Nation, One Election' Proposal May 5, 2025
The Institute of Chartered Accountants of India (ICAI), the apex body for Chartered Accountants in the country, will conduct a comprehensive assessment of the financial implications of the proposed 'One Nation, One Election' (ONOE) reform. ...

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Category: Uncategorized

CBIC Announces Amendments to Sea Cargo Manifest Transshipment Regulations

CBIC Revises Notification No. 36/2001 with New Tables

Mandatory additional qualifiers in import/export declarations inrespect of Synthetic or Reconstructed Diamonds

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