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This post will examine the major issues and their solution faced by salaried persons while job changing. Switching jobs at a time of a rapidly changing world is a common career decision in distinct industries and at distinct phases towards the professional journey, be it entry-level, mid-phase, or retirement. Behind such transitions are goals to […]
During remanding the matter the Madras High Court ruled that the refund claim needed to be examined and determined established on the documents related to the claiming of the ITC and the export of the product on zero-rated grounds. The petitioner has incurred the GST refund claims on time and cannot be faulted for the […]
The Interim Budget 2024 was introduced by FM Nirmala Sitharaman. This was her 6th Budget presentation as the finance minister. The same was the final budget of the current Lok Sabha. Just so you know, the budget that was announced recently is a temporary one. The actual budget will be announced after the elections in […]
An examination of the budget expectations among senior citizens highlights their concerns regarding accessible infrastructure and the high Goods and Services Tax rates applied to various services and products essential for the elderly, among other issues. A new survey conducted by the well-known foundation involving interactions with 10,000 elderly individuals nationwide, the analysis sheds light […]
The Confederation of Indian Industries (CII) urged Finance Minister Nirmala Sitharaman on Wednesday to target a 20% increase in the capital expenditure outlay for the upcoming financial year, reaching Rs 12 lakh crore in her forthcoming budget. The industry body also recommended a revision of beneficiary criteria for the free food scheme and the initiation […]
Over the past nine years, the number of taxpayers who have submitted tax returns has more than doubled, reaching 7.8 crore, thanks to increased compliance and the adoption of technology by the tax department. According to the latest time series data from the Central Board of Direct Taxes (CBDT) for the fiscal year 2022-23, the […]
The Digital Infrastructure Providers Association (Dipa) asks for flexible norms and policy regimes that consist of goods and service tax (GST) in a run-up to the union budget 2024. The budget should delineate encouraging policies, streamlined regulations, and straightforward GST norms to facilitate the growth of the telecommunications infrastructure sector. The group based in Delhi […]
The Allahabad High Court ruled that seizing a vehicle transporting goods without prior notice infringes upon the civil rights of the transporter, considering the truck as the essential capital asset of the transporter. The petitioner is displeased with the confiscation of their vehicle, and the legal proceedings have been initiated under Section 129 of the […]
In a notable advancement focused on bolstering security and user convenience, the Income Tax portal has introduced the innovative feature known as ‘Authenticate Insight DIN.’ This latest addition enables taxpayers to effectively verify communications from the income tax department, thereby adding an extra layer of security and authenticity to the notifications they receive. Available directly […]
