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39,446 MSMEs shut shop in FY 2024-25: MoS Attributes Deregistration to Multiple Business Factors

Avinash Kurungot

The Government has confirmed that 39,446 Micro, Small and Medium Enterprises (MSME) ceased operations and shut shop during Financial Year (F.Y.)...

Centre Releases Provisional Accounts for FY 2024–25: Revenue at ₹30.78 Lakh Crore, Expenditure at...

Limitation Period Expired: Delhi HC Quashes Income Tax Reassessment Proceedings [Read Order]

Deloitte - Deloitte Resigns from Byjuss - Byjuss - Resigns - Statutory Auditors citing delay in Financial Statements - Financial Statements - Statutory Auditor - Think and Learn - FY 2022 - taxscan

Deloitte Resigns from Byjus's Think and Learn as Statutory Auditors citing delay in Financial...

non-compliant Companies - MCA - Companies - non-compliant - FY2021 - FY2022 - taxscan

MCA strikes off 29059 non-compliant Companies in FY2021 and FY2022

CBDT revises Income Tax Return Forms to enable Taxpayers avail benefits of Timeline extension due to COVID-19

The Central Board of Direct Taxes ( CBDT ) has revised Income Tax Return Forms to enable Taxpayers to avail benefits of timeline extension due to COVID-19. In order to enable income taxpayers to...

GSTN issues Advisory on Opting-in for Composition Scheme for 2020-21

The Goods and Services Tax Network ( GSTN ) has issued an advisory on Opting-in for Composition Scheme for 2020-21. Due to COVID-19 pandemic and challenges faced by taxpayers, the Government has...

COVID-19: CBDT extends Validity of Forms 15G and 15H [Read Circular]

In order to overcome the issues caused due to the COVID-19 outbreak and the lockdown period, the Central Board of Direct Taxes (CBDT) has extended the validity of Forms 15G and 15H of FY 2019-20 by 3...

CBDT modifies the ‘Method of Tax Collection’ from Salary under Income Tax Act for FY 2019-20

The Central Board of Direct Tax (CBDT) has modified the ‘method of tax collection’ from salary under the Income Tax Act for the financial year 2019-20. On March 5, 2020, a circular was issued in the...

Italy introduces ‘Plastic Tax’ despite the Industry Outcry

The Italian Government has confirmed the introduction of the tax on single-use plastic (also called MACSI). The Budget Law for fiscal year (FY) 2020 was voted by the Senate towards the end of December...

Union Budget- Some Income Tax Expectations

All focus is on 29th February 2016. It is the date when the third union budget of the NDA government will be announced by the Finance Minister of India. All the citizens, especially the salaried class...