CAclubindia News

Income Tax Department Urges Taxpayers to File ITR-U for AY 2021-22 by 31st March 2024

05 March 2024 at 09:01

Last date for filing of updated returns (ITR-U) for A.Y. 2021-22 (i.e. for F.Y. 2020-21) is 31.03.2024

Posted in Income Tax | 1 comments | 4902 Views

Finance Ministry Expected to Delay 45-Day Payment Rule for MSMEs Until April 2025

05 March 2024 at 08:57

Sources reveal that the Finance Ministry is contemplating a deferment of the enforcement of Rule 43B (h) under the Income Tax Act, which necessitates payments to micro, small, and medium enterprises (MSMEs) within 45 days.

Posted in Income Tax | 4 comments | 18138 Views

FM Sitharaman Leads Groundbreaking GST Enforcement Conference, Paving the Way for Transparent Tax System

05 March 2024 at 08:56

Union Finance Minister Smt. Nirmala Sitharaman inaugurates first-ever National Conference of Enforcement Chiefs of the State and the Central GST Formations in New Delhi

Posted in GST | 795 Views

Chartered Accountant Defrauded of Rs 4.11 Crore In Investment Scam

04 March 2024 at 09:12

The Kurar Police has initiated legal action against individuals accused of defrauding a chartered accountant, Pradeep Parameshwarlal Banka, to the tune of Rs 4.11 crore.

Posted in Union Budget | 4818 Views

CBDT Notifies ITR-7 Form for AY 2024-25

04 March 2024 at 09:09

The Central Board of Direct Taxes (CBDT) has recently announced the notification of Income-tax Return (ITR) Form 7 for the Assessment Year (AY) 2024-25, completing the suite of forms necessary for taxpayers to file their returns.

Posted in Income Tax | 4038 Views

NEFT Achieves New Milestone of 4.10 Crore Daily Transactions

04 March 2024 at 09:07

NEFT system has achieved a milestone on February 29, 2024, by processing 4,10,61,337 transactions, the highest number of transactions processed in a day so far...

Posted in Others | 261 Views

CBDT Allows Processing of E-Filed ITRs for Refunds Beyond Deadline in Non-Scrutiny Cases

02 March 2024 at 14:02

Processing of returns of income validly filed electronically with refund claims under section 143(1) of the Income-tax Act, 1961 beyond the prescribed time limits in non-scrutiny cases

Posted in Income Tax | 5049 Views

Taxpayers from Bengaluru Recognized by FM Sitharaman for Economic Contributions

02 March 2024 at 09:18

Union Finance Minister Nirmala Sitharaman lauded the contributions of Bengaluru taxpayers towards building a robust and prosperous India during her visit to the city on Wednesday.

Posted in Income Tax | 489 Views

Supreme Court's 9-Judge Bench Initiates Landmark Hearing on Royalty's Tax Status in Mining Leases

02 March 2024 at 09:17

On February 27, the Supreme Court's 9-judge Constitution Bench embarked on hearings to address intricate issues pertaining to the taxation of mineral-bearing lands. C

Posted in Income Tax | 1035 Views

ICAI extends last date for online empanelment of members to act as observers for May/June 2024 CA exams upto 15th March

02 March 2024 at 09:16

Extension of Last Date for Online Empanelment of Members to act as Observers for May/June 2024 Examinations up to 15th March 2024.

Posted in Students | 8292 Views