Articles

With the financial year 2024-25 coming to an end, businesses must maintain compliance with several tax regulations to avoid disallowances and penalties.

End of FY 2024-25: Compliance with Section 43B(h) for MSME Payments; Know Why It is Important?

The Income Tax Department has warned taxpayers on its official social media account to be careful of scams. According to their posts

Income Tax Department Issues on Fake IT Refund Scams

Circulars

CBIC has announced a streamlined process for the import of pet dogs and cats into India. This circular introduces a round-the-clock clearance system at designated ports of entry to facilitate pet owners.

CBIC eases Pet Import Rules for Dogs and Cats; Facilitation for Final Quarantine Clearance [Read Circular]

Judgement

The Gujarat High Court ruled in favour of Patanjali Foods Ltd., retaining the refund of an unutilized ITC of Rs 1,70,07,091, which was initially granted but later sought to be recovered by the revenue.

Gujarat High Court reaffirms Patanjali's Rs.1.7 crore GST ITC Refund amid Revenue Recovery Attempt

News

Ranya Rao, a Kannada actress, was arrested at Kempegowda International Airport, Bengaluru for attempting to illegally bring in 14.2 kilogrammes of gold valued Rs.12.56 crore.

Kannada Actress Ranya Rao held for Smuggling Gold worth Rs.12.56 Crore at Bengaluru Airport

RBI has appointed Dr. Ajit Ratnakar Joshi as Executive Director (ED) with effect from March 03, 2025, to look after various departments, including statistics, information etc.

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End of FY 2024-25: Compliance with Section 43B(h) for MSME Payments; Know Why It is Important?

Income Tax Department Issues on Fake IT Refund Scams

CBIC eases Pet Import Rules for Dogs and Cats; Facilitation for Final Quarantine Clearance [Read Circular]

Gujarat High Court reaffirms Patanjali's Rs.1.7 crore GST ITC Refund amid Revenue Recovery Attempt

Kannada Actress Ranya Rao held for Smuggling Gold worth Rs.12.56 Crore at Bengaluru Airport

RBI appoints Dr. Ajit Ratnakar Joshi as New Executive Director