CAclubindia News
RBI Bans Loan Sanction and Disbursal from Four NBFCs
21 October 2024 at 08:42RBI orders ban on loan sanction and disbursal by four NBFCs, citing regulatory violations. Learn more about the impact and details of the directive
GoM Proposes GST Exemption on Life and Health Insurance Premiums for Senior Citizens
21 October 2024 at 08:42In a significant development for the insurance sector, the Group of Ministers (GoM) has proposed exempting Goods and Services Tax (GST) on term life insurance premiums and health insurance premiums paid by senior citizens.
GoM Proposes Lower GST on Water Bottles and Bicycles; Higher Taxes on Luxury Shoes and Watches
21 October 2024 at 08:42The Group of Ministers (GoM) on Goods and Services Tax (GST) rate rationalisation met on Saturday to discuss significant tax adjustments aimed at easing the financial burden on consumers.
Number of Income Taxpayers in India Exceeds 10 Crore, Tax Buoyancy Hits 2+ in FY24
21 October 2024 at 08:42India's income taxpayer base has crossed 10 crore, nearly doubling in the last decade. Tax buoyancy rose to over 2 in FY24, indicating strong tax revenue growth aligned with GDP.
Personal Income Tax Collection Surges 294% in FY24
21 October 2024 at 08:41India's personal income tax collection rose by 294% over a decade, reaching Rs 10.45 lakh crore in FY24, while corporate tax collections grew by 112%. Tax compliance, return filings, and India's tax-to-GDP ratio also improved.
Income Tax Department Releases Handbook on Judicial Matters for Internal Use Only
21 October 2024 at 08:41Explore key insights from the Handbook on Judicial Matters, including guidelines for filing appeals in the ITAT, High Court, NCLT and NCLAT, along with prosecution procedures and more.
Direct Tax Share in GDP Reaches 24-Year High at 6.64% in FY24
21 October 2024 at 08:40Direct taxes surged to 6.64% of GDP in FY24, with collections rising by 17.82%, outpacing nominal GDP growth. Personal income tax collections also surpassed corporation tax for the second year in a row.
New ICSI Guidelines: Company Secretaries Can Sign E-Form MGT-7 for Only 75 Firms Starting April 2025
19 October 2024 at 08:05Company Secretaries to Sign E-form MGT-7 for Up to 75 Companies
Direct Tax Collections Soar 182% in 10 years, Hit Rs 19.60 Trillion in FY24
19 October 2024 at 08:05India's direct tax collections have seen an unprecedented surge of 182% in the decade under Prime Minister Narendra Modi's leadership, crossing ₹19.60 trillion in the fiscal year 2023-24.
ICAI Issues SOP for Law Enforcement Agencies on Handling Chartered Accountants During Investigations
19 October 2024 at 08:05ICAI has released a comprehensive Standard Operating Procedure (SOP) to guide police and other law enforcement agencies during investigations, searches, seizures, interrogations, detentions and arrests of CAs.
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