News

IT Department stated that donations made to Ram Mandir's Trust in Ayodhya are eligible for deduction under Section 80G (2) (b) of the Income-tax Act of 1961.

Donations made to Ram Mandir now eligible for Income Tax Deduction

The  fake Mysore Sandal Soap production facility recently raided in Hyderabad, which had been operating for ten years without the coming notice of  KSDL.

Fake Mysore Sandal Soap unit busted by KSDL officials

Fake Mysore Sandal Soap unit Busted by KSDL officials

The Goods and Services Tax Network has issued an Advisory for furnishing Bank Account details by Registered Taxpayers under Rule 10A of CGST Rules 2017.

GSTN issued Advisory for furnishing Bank Account details by Registered Taxpayers under Rule 10A of CGST Rules 2017

Notifications

CBIC has imposed AIDC on entries falling under 7112, 7113 and 7118 i.e. Spent Catalyst or Ash Containing Precious Metals, Gold or Silver Findings and Coins of precious metals via issuing Notification.

CBIC imposes AIDC on entities like Precious Metals, Gold and Silver

In an unexpected twist, insurers and their agents are now receiving notices under the Benami Transactions (Prohibition) Amendment Act of 2016.

Income Tax Notices sent to Insurers' Intermediaries under benami law over alleged Fund Routing Violations

The Delhi High Court has stayed the income-tax department's order revoking Oxfam India and Care India Solutions for Sustainable Development's tax exemption status.

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Donations made to Ram Mandir now eligible for Income Tax Deduction

Fake Mysore Sandal Soap unit Busted by KSDL officials

GSTN issued Advisory for furnishing Bank Account details by Registered Taxpayers under Rule 10A of CGST Rules 2017

CBIC imposes AIDC on entities like Precious Metals, Gold and Silver

Income Tax Notices sent to Insurers' Intermediaries under benami law over alleged Fund Routing Violations

Delhi HC stays Income Tax Order revoking Tax Exemption to NGOs like Oxfam and Care India