Central Board of Oblique Taxes (CBIC) has instructed all divisional heads to ‘strictly adhere’ to the rules by the Division of Personnel and Coaching (DoPT) associated to the periodic assessment of presidency workers to see their suitability within the job. Such a assessment might end in untimely retirement. “All discipline formations are directed to strictly … Read more
Firms with head places of work or branches overseas won’t get any extra show-cause notices (SCNs) relating to the GST dues for fiscal yr 2017-18. The due date for a similar was August 5. For the years subsequent to 2017-18, no new notices shall be processed based mostly on the June 26, 2024 round. The … Read more
Large enhance from private earnings tax helped the federal government obtain over ₹19.58 lakh crore via direct taxes in fiscal yr 2023-24. With this, collections exceeded each funds estimates (BE) and revised estimates (RE). Direct taxes comprise private earnings tax or PIT (Together with securities transaction tax) and company earnings tax (CIT). Rise in direct … Read more