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This website provides free updates to Chartered Accountants, Company Secretaries, Tax Professional, Cost Accountants and other Account Professional on Amendments in Income Tax, Wealth Tax, etc.
Tax Guru
15m ago
Budget 2024 introduces new sub-sections in Section 16 of CGST Act to regularize Input Tax Credit claims past the deadline, aiding taxpayers with late returns and restored registrations.
The post CGST Act: New Sub-Sections 16(5) & 16(6) Offer ITC Relief appeared first on TaxGuru ..read more
Tax Guru
15m ago
Finance Bill 2024 changes taxation of long-term capital gains on non-financial assets: removes indexation, lowers tax to 12.5%, changes holding period to 24 months.
The post Finance Bill 2024: Changes in Taxation of Long Term Capital Gains appeared first on TaxGuru ..read more
Tax Guru
9h ago
RBI's new PCA Framework for Urban Co-operative Banks (UCBs), effective April 2025, revises supervisory actions. Key changes and impact on UCBs detailed.
The post RBI PCA Framework for UCBs With effect from April 1, 2025 appeared first on TaxGuru ..read more
Tax Guru
9h ago
Learn about the new FORM GSTR-1A, an optional facility to amend or add missed GST supply details before filing GSTR-3B. Available from August 2024 for all taxpayers.
The post Advisory for FORM GSTR-1A appeared first on TaxGuru ..read more
Tax Guru
9h ago
DGFT announces amendments to the Export Promotion Capital Goods Scheme under Chapter 5 of HBP 2023 to ease compliance and enhance business efficiency.
The post DGFT amends Export Promotion Capital Goods Scheme to reduce Compliance appeared first on TaxGuru ..read more
Tax Guru
9h ago
IFSCA Circular allows Credit Rating Agencies to value assets under the Fund Management Regulations, 2022. Effective immediately as of July 25, 2024.
The post IFSC Authority Circular: Credit Rating Agencies for Asset Valuation appeared first on TaxGuru ..read more
Tax Guru
10h ago
Explore the GST implications of car lease facilities provided to employees as perquisites, analyzed through the Tvl.Faiveley Transport case by GST AAAR Tamil Nadu.
The post Car Lease as Perquisite: GST Implications – Tvl.Faiveley Case appeared first on TaxGuru ..read more
Tax Guru
10h ago
Government discusses bringing petrol, diesel, and LPG under GST. Learn about the proposals, responses, and potential impact on consumer prices.
The post Petroleum Products under GST appeared first on TaxGuru ..read more
Tax Guru
10h ago
Discover key proposals in the VTPA Direct Tax Budget Bulletin 2024-25. Detailed insights into income-tax changes, corporate tax implications, and sectoral impacts.
The post Union Budget 2024-25: Key Direct Tax Proposals appeared first on TaxGuru ..read more
Tax Guru
10h ago
Explore key proposals in the Finance (No.2) Bill, 2024, including tax reforms, GST updates, and their implications for businesses and individuals in the Union Budget 2024-2025.
The post Budget 2024: Highlights of Income Tax & GST Proposals and their implications appeared first on TaxGuru ..read more