News

State Tax Department launches raids in Kashmir to curb fake ITC fraud, targeting sectors like iron, cement, and steel to protect GST revenue.

GST State Tax Department Cracks Down on Fake ITC Fraud in Kashmir

Judgement

The Tribunal allowed a bad debt deduction of Rs. 1.91 crore, ruling that a simple write-off in the books is sufficient under Section 36(1)(vii), as per the TRF Ltd. vs CIT judgment.

Simple Write-Off is Enough: Tribunal Grants Rs. 1.91 Cr Bad Debt Deduction

Notifications

A new sub-regulation (ca) is added after sub-regulation, which covers Tugs or Tug Boats, Dredgers, and Vessels used for providing offshore support services.

RBI Updates FEMA: Offshore Vessels Must Be Re-Imported

Articles

The Government of India has provided income tax relief to the Karnataka State Pollution Control Board (KSPCB) by allowing the exemption of certain categories of income from income tax.

Income Tax Relief Granted to Karnataka State Pollution Control Board on Specified Incomes

Did you know that one small mistake while filling out your tax return can be a very costly mistake for you?

ITR Mistakes: A Simple Mistake Could Cost You 200% Penalty

ICAI has recently announced five new cities for the ISA Assessment Test (3.0 Syllabus) centres.

ICAI Updates Exam Centres for ISA 2025: Read Notification

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