News

In recent years, the Income Tax Department has begun processing income tax returns (ITRs) more promptly. However, a quick processing of ITRs created issues.

Received excess Income Tax Refund; Return it else you may get Tax Notice

In a latest update, a Panipuri vendor in Tamilnadu who makes an earning of Rs.40 lakh per year gets a tax notice from the GST Department.

Panipuri wala gets GST Notice based on Phonepe and Razorpay Records

Circulars

CBIC has issued a circular to announce the launch of the “Automated Out of Charge” system. This new system is mainly designed for AEOs in Tier 2 and Tier 3 Clients.

CBIC rolls out the "Automated Out of Charge" System for AEO T2 and T3 Clients [Read Circular]

In a disproportionate assets case, the Hon'ble Prl. Spl. Judge Court for CBI Cases sentenced Ex-IRS and his wife to three years in prison and a total fine of Rs.2 lakh.

CBI Court sentences Ex-IRS officer and his wife to 3 Years of Imprisonment along with a fine of Rs.2 lakh in Disproportionate Assets case

The Institute of Chartered Accountants of India (ICAI) has released a collection of learnings from NFRA orders and reports.

ICAI released Collection of Learnings from NFRA Orders and Reports

Hero MotoCorp Limited said that it has received an additional tax demand of Rs 26.40 crore from the Income Tax Department for the financial year 2019-20 (AY 2020-21).

Hero MotoCorp received Additional Income Tax Demand of Rs.26.4 Crore

One Stop Solution For CA CS CWA Direct Indirect Tax GST Business News