Month: March 2025
Government has enhanced Pay and Allowances of Member of Parliament. The Joint Committee of the houses of parliament after consultation with the Central Government has notified the increase in the Constituency Allowance for Members of Parliament with effect from the 1st April, 2023 on the basis of Cost …
CBDT amends quarterly TDS Statement for TDS on payments to partners by firm. Section 194T of the Income Tax Act, 1961 has been inserted by the Finance (No. 2) Act, 2024, w.e.f. 1-4-2025. As per the newly inserted section 194T, payment by a firm to its partners any …
Maharashtra Gramin Bank invites applications from practicing firms of Chartered Accountants for empanelment of Concurrent Auditor/Revenue Audit/Stock & Relievable Audit for the period 1st April 2025 to 31st March 2026. Maharashtra Gramin Bank invites applications from practicing firms of Chartered Accountants within state of Maharashtra, in the prescribed …
Invitation for Comments on Draft Computer-Related Inventions (CRI) Guidelines 2025 The Office of the Controller General of Patents, Designs, and Trade Marks (CGPDTM) has published the Draft Guidelines for Examination of Computer-Related Inventions (CRI), 2025 for public consultation. Stakeholders and the public are invited to provide their comments and suggestions …
High Court quashed order cancelling GST registration on the ground of obtaining two separate registration for the same nature of business. In a recent judgment, Hon’ble Allahabad High Court quashed order cancelling GST restoration on the ground of violation of section 25(2) for obtaining two registration for the …
Sale and Issue of Government of India Securities (including Treasury Bills and Cash Management Bills) Government of India, in supersession of earlier two Notifications has notified the terms and conditions for sale and issuance of Government of India Securities, including Government of India Treasury Bills and Cash Management …
Income Tax Offices throughout India to remain open on 29th, 30th and 31st March, 2025. The Financial Year 2024-25 closes on 31st March, 2025 (Monday), which is a closed Holiday. Further, 29th March, 2025 is a Saturday and 30th March, 2025 is a Sunday. In view of the …
If seller is registered with GST department at the time of the transaction, no adverse inference can be drawn against the purchaser if the GST Registration of the seller is cancelled from a further date. In a recent judgment, Hon’ble Allahabad High Court has held that once the …
Clarification on Camera Module of Cellular Mobile Phones for Custom duty levy CBIC has issued clarification on Camera Module of Cellular Mobile Phones for the purpose of concessional and/or exemption from custom duty levy CBIC Notification No. 57/2017-Customs dated 30.06.2017 prescribed concessional basic custom duty (BCD) rate of …
Depreciation allowed where invoices for the fixed assets were in the name of husband of the assessee but payment made by the assessee/debited to her account In a recent judgment, ITAT Allahabad has allowed the depreciation where invoices for the fixed assets were in the name of husband …
