Blog
Latest Updates
MMR Includes Surcharge for Highest Income Slab Despite Assessee’s Income Being Below Rs. 50 Lakhs | ITAT
Case Details: Clestra Foundation vs. ITO - [2024] 169 taxmann.com 46 (Bangalore-Trib.) Judiciary and Counsel Details Ramit Kochar, Accountant Member & Keshav Dubey, Judicial member Ravindra T., A.R. for the Appellant. Ganesh R. Ghale, Standing Counsel for the...
PAN 2.0 Project of the CBDT receives CCEA Approval
Publish Date : Tuesday, November 26, 2024Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1214/Press-Release-PAN-2.0-Project-of-the-CBDT-receives-CCEA-Approval-dated-27-11-2024.pdfsource
RBI Keeps Repo Rate Unchanged at 6.50 Percent
Press Release: 2024-2025/1646 , Dated 06.12.2024 On the basis of an assessment of the current and evolving macroeconomic situation, the RBI’s Monetary Policy Committee (MPC), in its meeting, has decided to keep the policy repo rate under the liquidity adjustment...
RBI Releases Statement on Developmental and Regulatory Policies | Reduces Cash Reserve Ratio (CRR) by 50 Bps
Press Release: 2024-2025/1648 dated 06th Dec, 2024 The RBI has released a Statement on Developmental and Regulatory Policies. The key measures include reduction in the cash reserve ratio (CRR) of all banks by 50 bps, increase the interest rate ceilings on Foreign...
RBI Raises Interest Rate Ceilings on Foreign Currency (Non-Resident) Accounts (Banks) Deposits Effective from 06.12.2024
Circular No. RBI/2024-25/94 DoR.SPE.REC.No.51/13.03.00/2024-2025, Dated 06.12.2024 RBI has raised the interest rate ceilings on Foreign Currency (Non-resident) Accounts (Banks) [FCNR(B)] deposits for banks, effective from December 06, 2024, until March 31, 2025. For...
Matter Remanded as Entire ITC Was Disallowed Despite the SCN Mentioning an Excess Claim of ITC for a Lesser Amount | HC
Case Details: Sri Kaleeswari Stores v. Assistant Commissioner - [2024] 169 taxmann.com 22 (Madras) Judiciary and Counsel Details Mohammed Shaffiq, J. M. Varun Pandian for the Petitioner. R. Sureshkumar, Addl. Govt. Pleader for the Respondent. Facts of the Case The...