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The government is planning to raise the income tax exemption limit from Rs 2.5 lakh to Rs 5 lakh in the upcoming Budget for 2023-24.

Budget 2023: Income Tax Exemption Limit may raise to Rs.5 Lakh by Govt. in Upcoming Budget

Budget 2023: Income Tax Exemption Limit may raise to Rs. 5 Lakh by Govt. in Upcoming Budget

Consequences if audit report filed without UDIN or If CA fails to update the UDIN within 15 days

Judgement

ITAT affirms method given in ICAI guidance note for calculation of F&O Turnover

Agricultural income estimated by assesse has to be accepted by Income Tax in absence of contrary evidence: ITAT

GST Rate of 5% is applicable on food prepared in Restaurants. However, it does not matter if prepared food is ordered at home or eaten at restaurants itself.

5% GST only on food prepared in restaurants, Readily available food do not qualify as restaurant services; Check Details

CBI has filed a chargesheet against then Deputy General Manager of FCI and and Proprietor of a private company in a Fraud Case.

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Budget 2023: Income Tax Exemption Limit may raise to Rs. 5 Lakh by Govt. in Upcoming Budget

Consequences if audit report filed without UDIN or If CA fails to update the UDIN within 15 days

ITAT affirms method given in ICAI guidance note for calculation of F&O Turnover

Agricultural income estimated by assesse has to be accepted by Income Tax in absence of contrary evidence: ITAT

5% GST only on food prepared in restaurants, Readily available food do not qualify as restaurant services; Check Details

Assam FCI Scam: CBI files Chargesheet against Ex-FCI official in Rs.55.28L Fraud Case