Knowledge Source

Automobile Dealers Urge GST Rate Cut on Two Wheelers

  Federation of Automobile Dealers Association (FADA) has requested the Finance Ministry to reduce Goods

19
Jan
New Ruling ‘GST on Salary’ to Cause a Lot of Confusion and Litigation

A new Goods and Services Tax (GST) ruling is to come out with a lot

19
Jan
Much Awaited Crypto Bill May Skip Budget Session

The government is likely not to introduce the much awaited bill regarding cryptocurrency in the

18
Jan
Insert ‘COVID-19’ Under Section 80DDB as Eligible Disease: ICAI Suggestion for Budget 2022

Institute of Chartered Accountants of India (ICAI) has suggested to insert ‘COVID-19’ as an eligible

17
Jan
India’s Foreign Trade Increases in December 2021

Ministry of Commerce and Industry has released data regarding foreign trade. According to which India’s

15
Jan
HDFC Raised Interest Rates on FDs

HDFC Bank has raised interest rates on fixed deposits (FDs) for selected tenors. The bank

15
Jan
Retail Inflation Rises to 6 Month High at 5.59%

  The National Statistical Office (NSO) has released data over Consumer Price Index (CPI), which

14
Jan
No Covid Lockdown Restriction on CAs and Income Tax Practitioners

Income tax department has informed that no Covid Lockdown/ Curfew restriction will be applicable to

14
Jan
Textile Export Increased by 41%

The Ministry of Textile has informed that during April-December, 2021 the total Textiles & Apparel

13
Jan
Income Tax Refund of Around Rs 3900 Crore Issued During 3rd to 10th January

Central Board of Direct Taxes (CBDT) has informed that it has issued refunds of over

13
Jan
MCA Increases Late Filing Fees

  Ministry of Corporate Affairs has issued notification on 11th January, 2022 regarding additional fees

12
Jan
World Bank Retains India’s Economic Growth at 8.3% for FY22

The World Bank has issued a fresh report on economic growth. According to which it

12
Jan
GSTN to Introduce Interest Calculator for Delayed Tax Payment

Goods and Services Tax (GST) Network is set to release shortly an interest calculator functionality

12
Jan
CBDT Extends Due Date for Tax Audit Report and Income Tax Returns

The Central Board of Direct Taxes (CBDT) has issued a notification announcing the extension of the

11
Jan
Standard Deduction in Income Tax Likely to Increase by 30-35% in Budget 2022

The government is thinking 30-35% increase in the limit of standard deduction available to salaried

11
Jan
Real Estate Sector Urges Hike in Tax Benefit on Home Loan in Union Budget 2022

  Real estate sector has sought an increase in the limit of tax deduction from

11
Jan