CAclubindia News

Budget 2024: CBDT Chairman Nitin Gupta Lauds Swift Tax Return Processing

05 February 2024 at 09:16

In a significant development, Nitin Gupta, Chairman of the Central Board of Direct Taxation (CBDT), has announced that the process of tax return filing has been streamlined, reducing the turnaround time to just 10 days. G

Posted in Union Budget | 2415 Views

Income Tax Dept Achieves Over Rs 1260 Crore TDS Collection on Online Gaming and Cryptocurrency Trade

05 February 2024 at 09:15

Government Gains INR 1,260 Crore Through Innovative TDS Framework on Online Gaming and Cryptocurrency Trade

Posted in Income Tax | 5265 Views

DGGI Unearths 1,700 Fraudulent ITC Cases Worth Rs 18,000 Crore; 98 Arrests in FY 2023-24

05 February 2024 at 09:14

DGGI detects 1,700 fraudulent ITC cases involving Rs. 18,000 crore with 98 arrests in Financial Year 2023-24 (up to December 2023)

Posted in GST | 2382 Views

Income Tax Department Notifies Higher TDS/TCS Rates for 'Inoperative' PANs

03 February 2024 at 09:23

The Income Tax Department has issued a crucial attention notice to Tax Deductors and Collectors, notifying them of the implications of PAN status marked as 'Inoperative' on TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) rates.

Posted in Income Tax | 13323 Views

CBDT Extends Time for Processing E-Filed Returns with Refund Claims in Non-Scrutiny Cases

03 February 2024 at 09:22

CBDT has issued an order dated January 31, 2024, announcing an extension in the time-limit for processing non-scrutiny Income Tax Returns up to Assessment Year (AY) 2020-21.

Posted in Income Tax | 6429 Views

MSME Udyam Portal Unveils Effortless Verification Feature for Udyam Registration

03 February 2024 at 09:21

In a move aimed at enhancing transparency and facilitating compliance, the MSME Udyam Portal has rolled out a significant update introducing a user-friendly feature that allows seamless verification of Udyam Registration numbers.

Posted in Corporate Law | 4296 Views

Maharashtra GST Dept Unveils Guidelines for SGST Reimbursement on Movie Tickets

03 February 2024 at 09:21

The Maharashtra GST Department has issued Trade Circular No. 01T of 2024 dated January 29, 2024. The circular outlines a comprehensive procedure for the submission and processing of refund applications concerning the reimbursement of the SGST component.

Posted in GST | 2604 Views

CBDT notifies new ITR Forms for AY 2024-25

03 February 2024 at 09:20

CBDT notifies Income Tax Return Forms for the Assessment Year 2024-25 well in advance for the Assessment Year (A.Y.) 2024-25

Posted in Income Tax | 4539 Views

ICAI | CA Foundation Dec 2023 / Jan 2024 Results likely to be declared on 7th February

03 February 2024 at 09:19

The result of the Chartered Accountants Foundation Examinations held in December 2023/January 2024 is likely to be declared on Wednesday, the 7th February 2024 ..

Posted in Students | 4962 Views

ICAI Commends Interim Budget 2024 for Successful Structural Reforms Paving the Way to a Stronger India

02 February 2024 at 09:27

ICAI appreciates the interim budget and feels that the structural reforms taken by the Government have now started bearing the fruit and is laying the foundation for a stronger and resilient new India.

Posted in Union Budget | 5685 Views