News & Updates Latest Tax news‘Got Call from Finance Minister’: CA’s Satirical ‘X’ Post Stirs Controversy, I-T dept Responds May 24, 2025A satirical post by Chartered Accountant ( CA ) set backfires from the Income Tax Department and the professionals. The accountant posted that he had received a call from the Finance Minister has stirred controversy online. He was posted the same with regards to delay in release of the income tax utilities. The post of […] AmalaComparing Income Tax Deductions/Exemptions under the Old and New Regimes: 80C, 80D, LTA, HRA and More May 24, 2025The Indian tax system continues to effect changes to its tax system every year. One of the most important choices that taxpayers have to make while filing their returns is whether to opt for the old income tax regime or the new regime. While the new income tax regime offers lower slab rates, this comes […] HaripriyaRs 12.5 Lakh Relief from Income Tax not Applicable to Businesses, Capital Gains? Know Here May 24, 2025The Union Budget 2025-26 had introduced a significant tax relief for salaried individuals under the new tax regime. Effective from the financial year 2025-26, individuals opting for the new regime are entitled to a full tax rebate of up to Rs. 60,000 under Section 87A of the Income-tax Act if their net taxable income does […] SandraAAR and AAAR Weekly Round Up May 24, 2025This round-up analytically summarises the key stories related to the Goods and Services Tax Authority for Advance Ruling (AAR) and Appellate Authority for Advance Ruling (AAAR) reported at Taxscan.in during the period from April 12, 2025 to May 24, 2025. Goods Supplied Under Fraudulent Order Without Payment: AAR Rules GST Still Applicable on Issued Invoices […] AmalaExciting CA Roles at Mahindra May 24, 2025Mahindra invited applications for the post of Deputy Manager/Manager – Business Finance (EPT and MHEL) Qualifications How Top Companies Ace CSR! Get the insider’s perspective – Click Here 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 […] NeethuFinMin Removes Condition for Exemption on Bangalore Rose Onion under Customs [Read Notification] May 24, 2025The Central Board of Indirect Taxes and Customs ( CBIC ) under the Ministry of Finance has released Notification No. 30/2025-Customs dated 23rd May 2025, changing the earlier Notification No. 55/2022-Customs dated 31st October 2022. This change removes the condition that was previously enforcing customs duty exemption on Bangalore Rose Onion, one of high value […] Sandra MBA Opportunities at Deloitte May 24, 2025Deloitte invited applications for the post of Associate Director – Energy – Delhi CEC – Operations, Industry & Domain Solutions Qualifications Master DTAA – International Taxation | Live Online Course, Register Today Responsibilities: How to Audit Public Charitable Trusts under the Income Tax Act Click Here JOB LOCATION: Delhi, IndiaFor more details and to apply, […] LubnaDelhi Govt Notifies State GST on Online Gaming and Casino Supplies in line with Central Tax Notification [Read Notification] May 24, 2025The Government of the National Capital Territory (NCT) of Delhi has formally notified the applicability of Goods and Services Tax ( GST ) on specific gaming-related supplies, effective from October 1, 2023, following recommendations by the GST Council and amendments to the Delhi Goods and Services Tax Act ( DGST ), 2017 in the gazette. […] JasnaITAT Sets Aside Rejection of Section 12AB Registration to Charitable Trust Due to Non-Service of Order: Appeal Allowed for Statistical Purposes with Fresh Opportunity to Present Evidence [Read Order] May 24, 2025The Nagpur Bench of the Income Tax Appellate Tribunal (ITAT) has provided relief to Bhartiya Sadvichar Prasarak Mandal, a public charitable trust based in Chandrapur, by setting aside the rejection of its application under section 12AB of the Income Tax Act, 1961. The Tribunal allowed the appeal for statistical purposes and directed the Commissioner of […] SandraMBA Opportunities at Amazon May 24, 2025Amazon invited applications for the post of Sr. Financial Analyst, IN GSF Finance, The person would play a key role in driving the business agenda. This includes, among other things, responsibility for financial metrics, reporting, forecasting & planning and to help business in decision support through data analysis & business insight Qualifications Master GST Like […] Neethu
