News & Updates Latest Tax newsAre You a CA Handling Company Law and LLP Works? This much Minimum Fee You Can Charge May 8, 2025Are you a Chartered Accountant ( CA ) handling Company Law and LLP tasks? It is difficult to fix your professional fees, but the Institute of Chartered Accountants of India ( ICAI ) has a suggested minimum fee scale to assist you. The fees provided are minimum recommended rates and can be increased depending on […] Anusree Axis Bank hiring Chartered Accountants May 8, 2025Axis Bank invited applications for the post of Finance & Accounts – Financial Reporting Team. Knowledge of accounting, analytics and audit will be a plus. Qualifications Responsibilities: JOB LOCATION: Mumbai, IndiaFor more details and to apply, click here Subscribe to Taxscan Premium for latest Job updates on WhatsApp. Stay informed and advance your career with […] AnusreeAxis Bank Career Opportunities for MBA Professionals May 8, 2025Axis Bank invited applications for the post of Branch Head. Knowledge of banking products and services, regulatory guidelines and norms will be a plus. Qualifications How to deal with Foreign Tax Credit? Click Here Responsibilities: Complete Clause by Clause Checklist for Form 3CD Click Here JOB LOCATION: Ludhiana, Punjab, IndiaFor more details and to apply, […] AnusreeRelief for IndiGo: Delhi HC Quashes IGST Demand on Reimported Aircraft Parts Taxed as Service Import [Read Order] May 8, 2025The Delhi High Court,granted relief to IndiGo by quashing the Integrated Goods and Services Tax (IGST) demand on reimported aircraft parts that were previously taxed as a service import. Interglobe Aviation Ltd,petitioner-assessee,was involved in the transportation of passengers and goods by air, sending goods for repair to Maintenance, Repair, and Overhaul (MRO) service providers outside […] FarhanaITAT quashes Impugned Additions imposed in “Injudicious Manner”, reprimands Lack of Requisite Care [Read Order] May 8, 2025The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) expressed strong dissatisfaction with the careless conduct of the Faceless Assessing Officer (AO) and the Faceless Commissioner of Income Tax (Appeals) [CIT(A)]. The bench, comprising Judicial Member Amit Shukla and Accountant Member Girish Agrawal, criticized the arbitrary and injudicious manner in which the addition was […] HaripriyaDonations Must be Made to Research Institutes Registered u/s 35(1)(ii): ITAT Disallows 1.05 Cr Deduction [Read Order] May 8, 2025The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) recently disallowed a weighted deduction amounting to ₹1.05 cr to an assessee since the donations were made to research institutes which were not registered under Section 35(1)(ii) of the Income Tax Act, 1961. The brief facts are that the assessee, Kapadia Marketing Inc, claimed a […] JasnaChartered Accountant uses ChatGPT to clear CA Inter & Final Exams with Exemption: Calls on Professionals to Leverage AI May 8, 2025In a remarkable demonstration of how artificial intelligence (AI) can support academic and professional success, Chartered Accountant Kajal Kathpalia revealed that she cleared both the CA Inter and Final examinations with exemptions using ChatGPT. Civil Defence Mock Drills Affecting ICAI CA Inter May 2025 Exams? ICAI Says No Read More Sharing her experience using the […] RashidaKnow Your Currency: In-Depth Look at the ₹10 Bank Note May 8, 2025The Ten Rupee – ₹10 banknote, though modest in denomination, plays an indispensable role in India’s economy. It is one of the most frequently exchanged currency notes in the country and serves as an essential tool for transactions in both urban and rural settings. Issued under the Mahatma Gandhi (New) Series by the Reserve Bank […] FarhanaSetback for Sun Pharmaceuticals: CESTAT Rules SAD Applicable on Stock Transfers to DTA Units Even Without VAT Payment [Read Order] May 8, 2025The Ahmedabad Bench of Customs,Excise and Service Tax Appellate Tribunal(CESTAT) ruled that Special Additional Duty (SAD) was applicable on stock transfers made by Sun Pharmaceuticals from its 100% Export Oriented Unit (EOU) to sister units in the Domestic Tariff Area (DTA), even without Value Added Tax (VAT) payment. Sun Pharmaceuticals Industries Limited,appellant-assessee,a 100% Export Oriented […] FarhanaCBI arrests CGST Inspector while Demanding and Accepting ₹2 Lakh Bribe May 8, 2025The Central Bureau of Investigation (CBI) today arrested a Central Goods and Services Tax (CGST) Inspector posted in Ghaziabad for allegedly demanding and accepting a bribe of ₹2 lakh from a complainant. According to officials, the CBI registered a case on May 7, 2025, following allegations that the Inspector had demanded an illegal gratification of […] Sandra
