Articles

Section 285BA of the Income Tax Act requires specified reporting persons to furnish a Statement of Financial Transaction.

Is Filing a Nil Statement of Financial Transaction (SFT) Mandatory

News

Know ITR filing deadlines for FY 2024-25, late fee penalties, and tax regime choices to avoid charges and stay compliant with income tax rules.

Avoid Late Fee: Be Alert of the Key Dates and Charges to File ITR in 2025

Download CA Foundation Business Laws Question Paper of May 2025

CA Foundation Business Laws May 2025 Question Paper

GST ITC fraud has been uncovered in which an individual made a fake ITC claim of Rs. 75 crore. The Patiala House Court, Delhi, has granted anticipatory bail to the offender.

Fake ITC Scam of Rs. 75 Crores Uncovered; Patiala House Court to Grant Anticipatory Bail to Offender

SFT also known as Reportable Account, is a system designed by the Income Tax law to monitor high-value transactions made by taxpayers during the year.

SFT Filing Due Date: Know the Penalties for Non-filing of SFT

Notifications

Proposed US bill may levy 5% tax on NRIs' money sent to India, impacting remittances, families, and economy from July 2025.

Proposed US Bill May Impose Rs. 5,000 Tax on Every Rs. 1 Lakh Sent to India by NRIs

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