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The Central Board of Indirect Taxes and Customs (CBIC) has issued a comprehensive circular regarding enhanced verification procedures for Input Tax Credit claims. The new guidelines aim to curb fraudulent ITC claims and streamline the verification process for genuine taxpayers.
The Income Tax Department has extended the deadline for filing Income Tax Returns for Assessment Year 2024-25 to December 31, 2024, for certain categories of taxpayers. This extension applies to individuals and entities requiring audit reports.
The Ministry of Corporate Affairs has introduced additional compliance requirements for companies regarding beneficial ownership disclosure. All companies must now file enhanced details about their ultimate beneficial owners in the MCA-21 system.
The Institute of Chartered Accountants of India (ICAI) has released a comprehensive guidance note on accounting treatment for cryptocurrency transactions. The guidance covers valuation, disclosure, and reporting requirements for crypto assets.
Revised GST rates on mobile phones effective from today
GSTR-3B due date: 20th of this month
Annual filing deadline approaching for many companies
New DTAA treaty signed with 3 countries
Enhanced audit norms for NBFCs announced
11th December 2024
20th December 2024
31st December 2024