India to Adopt its Own Digital Currency – Retail Digital Rupee (e₹) Pilot Launching Soon!
The Reserve Bank recently announced in a press release dated October 7, 2022, that it would shortly begin test launches of Digital ...Read More
Income Tax Department Updates Lists of Banks For Tax Payments
The IT department of India on December 1, 2022, published a revised List of Banks for Income Tax Payments at e-Pay Tax ...Read More
CAIT urges Centre to exempt GST registration for e-commerce sales
The Confederation of All India Traders has urged Union Finance Minister Nirmala Sitharaman to waive mandatory GST registration for selling ...Read More
ITR filing, Tax audit report deadlines for FY 2020-21 extended by CBDT
The Central Board of Direct Taxes (CBDT) has extended the due dates for filing tax audit reports and income tax ...Read More
ICAI writes to CBDT seeking waiver of penalty on late filing of income tax audit reports
In a memorandum to the CBDT Chairperson JB Mohapatra, ICAI sought waiver of penalty and other consequences for any delay ...Read More
Small units to lose businesses as govt tightens input tax credit rules
Come January 1, businesses could find their working capital and profitability taking a hit if any of their suppliers fail to ...Read More