Tax Department Grapples with Glitches in Advance Tax Campaign
With respect to the income tax department's latest campaign urging taxpayers to pay advance tax in alignment with their financial transactions, a glitch in...
RBI Cancels NBFC Registration: Financial Sector Shakeup
In the latest development RBI cancels NBFC registration post-merger. L&T Finance, L&T Infra Credit, along with five other non-banking financial companies (NBFCs), have voluntarily...
India Implements CAA: Controversy Reignites Ahead of Elections
The much-discussed Citizenship Amendment Act (CAA) finally goes into effect, marking a crucial milestone. According to the latest notification from the Home Ministry, qualified...
Missed Deductions? Tamil Nadu Allows Updated Tax Returns for Past 2 Years
The Income Tax Department of Tamil Nadu and Puducherry recently announced a significant opportunity for taxpayers. They can now make amendments to their tax...
Bombay High Court Rules: Service Tax Not Applicable For Ocean Freights
The Bombay High Court has rendered a significant verdict concerning the payment of service tax not applicable for ocean freights or sea transportation services,...