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NFRA prohibited two Chartered Accountants for two years and fined them Rs. two lakh each for audit failures in connection with Women Next Loungeries Ltd's statutory audit for FY 2016-17.

NFRA debarred Two Chartered Accountants for Audit Lapses for 2 Years; Imposed fine of 2 Lakhs

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The gross GST revenue collected in month of April, 2023 is Rs.1,87,035 crore of which CGST is Rs.38,440 crore, SGST is Rs.47,412 crore, IGST is Rs.89,158 crore and cess is Rs.12,025 crore.

GST Revenue Collection for April 2023 Reached 1.87 Lakh Crore; Highest Ever GST Collection

A combined team of the railway protection force (RPF) and the income tax department confiscated 1.75 kilogrammes of gold from two passengers at Jabalpur train station.

Income Tax and RPF Department seized Gold worth Rs.1.25 crore from Two Passengers

Income Tax Department is set to issue amended valuation standards under IT Act for determining fair market value (FMV) of unlisted company shares for the purpose of levying tax on non-resident investments.

IT Department to soon revised Valuation Standards for taxing Foreign Investments in Unlisted Corporations

Employees must notify their employers of their chosen tax regime at the start of the financial year, according to the Central Board of Direct Taxes (CBDT).

Income Tax Regime: You can get Notice on Choosing wronTax Regime

Finance Minister Nirmala Sitharaman requested an automated system for GST return inspection from the tax authorities during a review meeting with the CBIC.

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NFRA debarred Two Chartered Accountants for Audit Lapses for 2 Years; Imposed fine of 2 Lakhs

GST Revenue Collection for April 2023 Reached 1.87 Lakh Crore; Highest Ever GST Collection

Income Tax and RPF Department seized Gold worth Rs.1.25 crore from Two Passengers

IT Department to soon revised Valuation Standards for taxing Foreign Investments in Unlisted Corporations

Income Tax Regime: You can get Notice on Choosing wronTax Regime

GST Return automated Scrutiny System may come by next week