News

A 50-year-old farmer in Muzaffarnagar became depressed after receiving a notice from IT department in March 2022 demanding that he "pay outstanding dues of Rs 1.6 crore for alleged transactions of over Rs.4 crore from his account in a private bank."

50 Year Old Farmer fighting for 15 months over Income Tax Notice of Rs.1.6 crore

The Enforcement Directorate's Adjudicating Authority has issued show-cause notices under FEMA to Xiaomi Technology India Private Limited, its executives, and three banks in connection with suspected unlawful transfers made by the Chinese business totaling Rs.5,551.27 crore.

ED issues Show Cause Notice to Xiaomi India Top Officials and 3 Banks for FEMA Violation

Judgement

Addition of expense of GST Return late filing fee cannot be made through intimation u/s 143(1): ITAT

Books of Accounts cannot be rejected only for want of tax audit report: ITAT

Notifications

The Institute of Cost Accountant of India (ICMAI) has notified that Communication is Mandatory to the Previous Cost Auditor.

ICMAI notifies compulsory Communication Mandatory to Previous Cost Auditor

The State Government has published specific guidelines for implementing the Gruha Lakshmi plan (Rs 2,000 per month for each female head of a family).

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

50 Year Old Farmer fighting for 15 months over Income Tax Notice of Rs.1.6 crore

ED issues Show Cause Notice to Xiaomi India Top Officials and 3 Banks for FEMA Violation

Addition of expense of GST Return late filing fee cannot be made through intimation u/s 143(1): ITAT

Books of Accounts cannot be rejected only for want of tax audit report: ITAT

ICMAI notifies compulsory Communication Mandatory to Previous Cost Auditor

GST and IT taxpayers can’t avail Gruha Lakshmi Scheme benefits in Karnataka