Gujarat HC issues notice to Centre on physical filing of ITR, Audit Reports due to IT Portal glitches
The Gujarat High Court has recently issued notice to the Central Government on a plea seeking waiver of interest u/s 234A…
Category: News
DGGI Officials bust network involving fake invoices > Rs 4,500 cr; 1 held
Recently a case was booked by DGGI against some fake firms, which were found non existing at their principal place…
Infosys working very closely with I-T Dept on tax portal
Infosys CEO Salil Parekh on Wednesday said the company is working closely with the Income Tax Department on the next…
ICAI removes Membership of 6 Chartered Accountants for misconduct
The Institute of Chartered Accountants of India (ICAI) vide Notification dated 11th January 2022 has removed membership of six CAs…
Filing of tax audit reports: ICAI bats for penalty waiver till March 31, 2022
In a memorandum to the CBDT Chairperson JB Mohapatra, ICAI sought waiver of penalty and other consequences for any delay…
Income Tax Department conducts searches in Gujarat
The Income Tax Department has carried out a search and seizure operation on a prominent group engaged in manufacturing of…
ICAI hosts Multipurpose Empanelment Form 2021-22 for Chartered Accountants
Professional Development Committee (PDC) of ICAI has hosted the Multipurpose Empanelment Form (MEF) for the year 2021-22, which is available…
Faceless assessment scheme draws legal ire
The Central government’s faceless assessment scheme is finding itself on the wrong side of the law with unhappy assessees dragging…
Ahmedabad, Surat becoming bogus GST billing hubs: Govt
While Ahmedabad reported the highest Rs 971 crore of tax involved in bogus billing, in Surat it was Rs 789…
Larger ITAT bench to rule on income tax deduction on pharma freebies
A two-member bench of the Income-tax Appellate Tribunal (ITAT) in Mumbai has directed that a larger bench should decide whether…
Income Tax Department conducts searches in Ahmedabad
The Income Tax Department carried out search & seizure operations on 28.09.2021 on a real estate developer group and the…
₹ 1,17,010 crore gross GST revenue collected in Sept 2021
The gross GST revenue collected in the month of September 2021 is ₹ 1,17,010 crore of which CGST is ₹ 20,578 crore,…