8th Pay Commission latest update: Railway technical staff seek multiple fitment factors, higher HRA, pay fixRailway technical supervisors have put forward significant demands to the 8th Pay Commission. Key proposals include a Rs 52,000 minimum sal...
Bengaluru, India's IT capital, has highest dowry-related cases among metro cities: NCRB reportBengaluru leads metropolitan cities in dowry-related cases with 878 incidents reported in 2024, accounting for 87% of metro cases. Delhi, h...
8th Pay Commission fitment factor demand: Railway employee body demands multiple fitment factors; minimum pay of Rs 52,600The Indian Railways Technical Supervisors’ Association (IRTSA) has submitted a memorandum to the 8th Pay Commission demanding five distinct...
Delhi Metro expansion: CM Rekha Gupta to unveil 97 km plan under Phase V(b)Delhi Chief Minister Rekha Gupta is set to announce Phase V (b) of the Delhi Metro, a 97-km expansion across seven corridors with 65 statio...
Customs seizes contraband worth Rs 36 lakh at Kolkata AirportKolkata customs officials seized marijuana worth approximately Rs 36 lakh. The contraband was found in a passenger's checked-in baggage arr...
5 income tax reliefs that professionals, small businesses expect in Budget 2025As of January 2025, the number of MSMEs registered on the Udyam portal has reached 5,84,06,752. MSMEs play a pivotal role in economic growt...
Delhi: Customs officers arrest man carrying 7.3 kg Heroin worth Rs 29.2 cr at airportCustoms officials at Delhi's Indira Gandhi International Airport apprehended a man arriving from Bangkok via Kuala Lumpur on November 9th. ...
What is the deadline to file a revised income tax audit report? When can you submit a revised tax audit report?Revised tax audit deadline: You have to file an tax audit report on or before October 7, 2024. "For the current assessment year of 2024-25,...
Budget 2024: Govt may relax 45-day payment rule for MSMEsThe government is considering relaxing the 45-day payment requirement to MSMEs to prevent large corporations from seeking other sourcing op...
New MSME payment clause in I-T Act: Supreme Court tells traders to move HCOn Monday, the Supreme Court declined to address a plea filed by various traders' associations contesting the legality of Section 43B(H) wi...
Exporters seek exemption from 45-day payment rule for supplies from MSEsThe new rule, Section 43B(h) of the Income Tax Act, introduced in the Finance Act 2023, is designed to make sure small businesses get paid ...
Budget provisions to deal with delayed payments to MSMEs may need tweaksThe budget proposed an amendment to Section 43B of the Income Tax Act which ensures that the buyers can claim deduction in income tax only ...
GST: Imposition of new ITC restrictions every year is diluting ease of doing businessAt the inception of GST, the availment of ITC was envisaged as a two-way communication whereby the supplier would upload the supply invoice...
CBDT allows tax audit report revision in case of disallowance recalculation, notifies rulesSection 40 refers to amounts that are not deductible while computing income chargeable under profits and gains of business or profession, w...
- NCTC not to kick off on March 1
The NCTC, which is facing stiff opposition from non-Congress Chief Ministers, will not be operationalised on March 1.
- NCTC's fate runs into uncertainty
With the budget session of Parliament approaching, the government is unlikely to antagonise the opposition parties by operationalising the ...
- HC makes leave encashment less taxing
Acc to Income-Tax Act, deduction can be claimed only for actual cash-flow and not for the provisions made.