The tribunal found that the Assessing Officer (AO) had reopened the assessment based on vague and ambiguous reasons, indicating a lack of application of mind. The AO’s recorded reasons contained ...

Summary: Audit trails are essential for ensuring transparency and compliance in business operations, particularly under Indian laws. According to the Companies Act, 2013, businesses using accounting ...

Government has Strengthened IBC with Six Amendments and 122 Regulatory reforms since its inception Over 8,000 CIRPs initiated, rescuing 3,485 debtors and realization of ₹3.58 lakh crore ...

(a) the number, names and details of companies that have been penalized for non-compliance with the Corporate Social Responsibility (CSR) provisions of the Companies Act, 2013 in the last five ...

There are various steps / measures taken by Central Government & GSTN to help in improving compliance and preventing tax evasions such as digitization through E-invoicing, GST analytics such as ...

Finance Bill 2025 proposes a revised tax structure under the new regime, exempting annual income up to ₹12 lakh for resident individuals through a rebate. The new tax slabs introduce a progressive tax ...

The Central Board of Indirect Taxes and Customs, Department of Revenue, Ministry of Finance, has introduced electronic processing of Bill of Entry/ Shipping Bill pertaining to gems and ...

The Indian government, through the Ministry of Finance, has undertaken substantial reforms to its tax assessment and recovery system. Contrary to the specific query regarding a potential 5% GST on ...

Between the financial years 2021-22 and 2023-24, corporate tax concessions had a significant revenue impact. For instance, deductions for SEZ units under Section 10AA resulted in tax savings of ...

GST on restaurant services, other than those located at specified premises, is leviable at 5% without input tax credit whether provided through Electronic Commerce Operators (ECOs) like Zomato, Swingy ...

EPFO Expands Banking Network, 15 Additional Banks Empanelled for Collection of EPFO Contributions Taking Total Number to 32 Banks EPFO 3.0 will make EPFO as Accessible and Efficient as Banks: Dr.

DoT, in collaboration with telecom service providers (TSPs), has implemented a system to detect and block international spoofed calls that disguise themselves as domestic calls. Launched on October 17 ...