CAclubindia News

CA Firms Classified as Professional, Ineligible for ESI Benefits: Gujarat HC

01 November 2023 at 09:00

The Gujarat High Court has made a significant ruling, categorizing CA firms as professional establishments rather than commercial entities, leading to the ineligibility of their employees for the ESI benefit scheme.

Posted in Professional Resource | 12573 Views

Income Tax Department Launches Extensive Profiling of HNIs to Combat Tax Evasion

01 November 2023 at 08:58

In a bid to curb tax evasion, the Income Tax Department is set to take strict action against high-net-worth individuals (HNIs) who underreport their incomes, despite recent tax rate reductions.

Posted in Income Tax | 15414 Views

CBIC Issues Clarifications on GST for Specific Services

01 November 2023 at 08:58

The Central Board of Indirect Taxes and Customs (CBIC) issued Circular No. 206/18/2023-GST on October 31, 2023, providing clarifications on the applicability of GST to certain services.

Posted in GST | 7722 Views

ICAI Partners with Educational Institutions to Foster Global Financial Professionals

01 November 2023 at 08:57

Let's have a look at some of the developments in the profession since our last communication

Posted in Professional Resource | 5697 Views

Bombay High Court Issues Stern Warning to IT Assessing Officers for Delayed Assessment Orders

31 October 2023 at 08:49

In a recent development, the Bombay High Court has expressed strong disapproval of the functioning of income tax (IT) assessing officers and their handling of delayed assessment orders.

Posted in Income Tax | 5715 Views

MCA notifies Companies (Management and Administration) Second Amendment Rules, 2023

31 October 2023 at 08:48

The MCA notified the Companies (Management and Administration) Second Amendment Rules, 2023 on October 27, 2023. These rules are aimed at increasing transparency and accountability in companies, and to improve the corporate governance framework.

Posted in Corporate Law | 22566 Views

MCA Unveils Significant Revisions with Companies (Prospectus and Allotment of Securities) Amendment Rules, 2023

31 October 2023 at 08:47

MCA notified the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023 on October 27, 2023. These rules are aimed at increasing transparency and efficiency in the securities market, and to reduce the risk of fraud.

Posted in Corporate Law | 6165 Views

MCA notifies LLP (Third Amendment) Rules, 2023

31 October 2023 at 08:46

MCA issued a Notification vide G.S.R. 803(E) dated October 27, 2023, amending the Limited Liability Partnership Rules, 2009, under the authority of the Limited Liability Partnership Act, 2008 (6 of 2009).

Posted in Corporate Law | 21687 Views

CBIC Provides Clarity on Place of Supply Determination in Various Cases

30 October 2023 at 08:45

Central Board of Indirect Taxes and Customs (CBIC) issued Circular No. 203/15/2023-GST dated October 27, 2023, clarifying the determination of place of supply in various cases.

Posted in GST | 5559 Views

Centre notifies 18% GST on corporate guarantees

30 October 2023 at 08:43

CBIC Implements GST Council's Decision, Introduces 18% GST on Corporate Guarantees

Posted in GST | 4140 Views