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The Employees of Tata Consultancy Services (TCS) as getting Tax Demand Notices from the Income Tax Department for AY 2024-25.

TCS Employees getting Tax Demand Notice despite TDS being paid by Employer

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The National Financial Reporting Authority (NFRA) has levied a Token Penalty of Rs.1L on Chartered Accountant for Misrepresentation of Facts during Proceedings.

NFRA levies Token Penalty of Rs.1L on CA for Misrepresentation of Facts during Proceedings

In its 54th meeting, the Council decided to reduce the GST Rate on specific Cancer Drugs from its previous rate.

GST Rate on Cancer Drugs reduced to 5%

The Reserve Bank of India has imposed a monetary penalty of Rs.3.91 Crore on HDFC and Axis Bank for non-compliance with certain directions issued by RBI.

RBI imposes Monetary Penalty of Rs.2.91 Crore on HDFC and Axis Bank

In a significant development, the recent update is that the Income Tax Department started issuing Refund Failure Notices for the reason of "PAN not linked with Bank Account".

IT Department issuing Refund Failure Notices for "PAN not linked with BANK"

The GST Council in its 54th meeting decided the GST Rates on Namkeens and Extruded/Expanded Savoury Food Products.

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TCS Employees getting Tax Demand Notice despite TDS being paid by Employer

NFRA levies Token Penalty of Rs.1L on CA for Misrepresentation of Facts during Proceedings

GST Rate on Cancer Drugs reduced to 5%

RBI imposes Monetary Penalty of Rs.2.91 Crore on HDFC and Axis Bank

IT Department issuing Refund Failure Notices for "PAN not linked with BANK"

GST Rate on Namkeen reduced to 12%