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After its launch, the GST rates have been modified multiple times, the latest being on 10 May 2023 where taxpayer with over ₹5 crore turnover in any financial year from 2017 to 2018 shall issue e-invoices w.e.f. 1 August 2023. [23] Members of the Congress boycotted the GST launch altogether. [24]
The Companies Act 2016 does not state when the fiscal year must start for companies, so businesses are free to choose a financial year-end date. [41] Private businesses usually choose the last day of the calendar year or the last day of the quarter for their financial year end.
-If you pay your taxes quarterly, this is the due date for your estimated tax payments for the 1st quarter. This includes income you earned from Jan. 1 through March. 31, 2025. April 17, 2025
The Central Board of Direct Taxes (CBDT) is a statutory body under the Department of Revenue, Ministry of Finance, Government of India.It oversees the administration of direct taxes, including income tax and corporate tax, through the Income Tax Department.
The Central Board of Indirect Taxes & Customs (CBIC) is headed by a chairperson and consists of six members. [1]Chairperson - Sanjay Agarwal, IRS; Member (Customs) - Rajiv Talwar, IRS (C & IT 1988) [2]
In the summer of 2023, Astra 5B was moved from 31.5° East to co-locate with Astra 3B at 23.5°E. [5] [6] Subsequently, Astra 5B was renamed Astra 3C and broadcast channels on Astra 3B began to be transferred, prompting speculation that Astra 3B was reaching the end of its commercial life some two years short of the planned mission duration. [7 ...
The United States federal budget for fiscal year 2024 ran from October 1, 2023, to September 30, 2024. From October 1, 2023, to March 23, 2024, the federal government operated under continuing resolutions (CR) that extended 2023 budget spending levels as legislators were debating the specific provisions of the 2024 budget.
Direct tax in the form of an income tax was introduced by Sir James Wilson in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [12] The organisational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act [4], 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.