CBIC introduces electronic processing of Bill of Entry/ Shipping Bill pertaining to gems and jewellery through personal carriage by air passengers from 01.05.2025 F. No.450/72/2023-Cus IVGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Indirect Taxes & Customs)***** Room No. 229A, North Block,New Delhi, dated the 28th March, …

Finance Act 2025 receives assent of the President on the 29th March, 2025 The Union Finance Minister MS Sitharaman had presented Union Budget 2025-26 on 1st February 2025. The Finance Act 2025 has received the assent of the President on the 29th March, 2025 and has been notified. …

CBDT waives interest for late deposit of TDS/TCS due to technical glitches where payment was debited from bank account on or before due date. CBDT has passed order under section 119 of the Income-tax Act, 1961 for waiver on levy of interest for late deposit of TDS/TCS under …

Empanelment of Chartered Accountant Firms for the services of Statutory Audit and Associated Activities related to the Projects of Development of Multi Level Car Parking (MLCP) at Pune Airport. Airports Authority of India (AAI), has invited Expression of Interest (EoI) for Empanelment of Chartered Accountant firms for the …

CBDT amends Form 3CD of Tax Audit Report w.e.f. Assessment Year 2025-26. CBDT has revised Form 3CD of Tax Audit Report for AY 2025-26 by notifying the Income-tax (Eighth Amendment) Rules, 2025 vide Notification No. 23/2025 dated 28.03.2025 effective from 1st day of April, 2025. The summary of …

Past savings can be a valid source of cash deposits unless proven otherwise by the Department – ITAT In a recent judgment, Lucknow ITAT has deleted addition made under section 69 towards cash deposited in bank account holding that past savings can be a valid source of cash …