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Jaitley misses Budget: Piyush Goyal appointed as Interim Finance Minister

Union Minister Piyush Goyal temporarily assigned charges of Finance Minister of Finance and Corporate Affairs in addition to existing portfolios. ...

GST: Cabinet nod for Centralized Appellate Tribunal

Property Tax - Supreme Court of India - Taxscan

Property Tax: Supreme Court strikes down New Delhi Municipal Council’s Bylaws [Read Judgment]

Non-filers can submit Income Tax Returns within 21 Days: Important Points to Remember

Non-Filing of TDS Statement would attract Late Fee & Rs. 1 Lakh Penalty: CBDT

CBDT identifies Non-Filers through Non-Filers Monitoring System (NMS) by using Data Analytics

The Central Board of Direct Taxes ( CBDT ) has identified Non-Filers through Non-Filers Monitoring System (NMS) by using Data Analytics and request the Non-filers to assess their tax liability for AY...

Enmasse issue of Prosecution Notices to Small Companies for TDS default Completely Misleading: CBDT issues clarification

The Central Board of Direct Taxes ( CBDT ) has stated that certain news items that appeared in a section of media regarding enmasse issue of prosecution notices to small companies for TDS default are...

Delhi High Court quashes Notice for Re-Assessment against Bharati Infratel [Read Judgment]

The Delhi High Court has quashed Income Tax Department’s Notice for Re-opening of Assessment against Bharati Infratel Limited. BIL in its return of income for the Assessment Year 2008-09 filed on...

CBDT asks Tax Officials to Speed-up the Process of Withdrawal of Appeals [Read Letter]

The Central Board of Direct Taxes ( CBDT ) has asked the Tax Department Officials to speed-up the process of Withdrawal of Appeals. The CBDT has sent a letter to officers, asking them to complete the...

IBBI de-recognizes 13 Insolvency Professional Entities for Non-Compliance [Read Order]

The Insolvency and Bankruptcy Board of India (IBBI) has de-recognized thirteen Insolvency Professional Entities on ground of non-compliance with the procedures. These thirteen IPEs are directed to...

Gujarat High Court strikes down Circular on Levy of GST On Distribution Companies [Read Judgment]

A two-judge bench of the Gujarat High Court has nullified the clause 4(i) of Circular dated 1.3.2018 issued by the Central Board of Indirect Taxes and Customs (CBIC) which deals with the imposition of...

GST: Kerala High Court temporarily stays TCS on Cars

In a major relief to the automobile industry in the State, the Kerala High Court has granted a temporary stay on the collection of tax at source under the Goods and Services Tax ( GST ). The...

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