CAclubindia News


ITR-1 and ITR-4 e-Filing commences with prefilled data for AY 2023-24

   23 May 2023 at 10:03

Taxpayers can now file returns for AY 2023-24 through Income Tax Return (ITR) forms ITR-1 and ITR-4 on the e-filing portal in online mode with prefilled data.

Posted in Income Tax |   23826 Views


GSTN set to go live on Account Aggregator Ecosystem ahead of 1st July 2023

   23 May 2023 at 08:47

The Goods and Services Tax Network (GSTN), which is the technology interface between government and taxpayers, is due to be integrated with the country's ambitious financial data sharing network Account Aggregator before July 1

Posted in GST |   12489 Views


ICAI | DPIIT seeks public inputs for measuring cost of regulation

   23 May 2023 at 08:46

This is with reference to the communication received from Department For Promotion of Industry and Internal Trade (DPIIT) which is the Nodal Department for the Ease of Doing Business initiative of Government of India.

Posted in Professional Resource |   2871 Views


Gameskraft case poses challenges for IT officials too

   23 May 2023 at 08:46

It isn't just GST authorities who have run against a legal wall in their attempt to claim Rs 21,000 crore from Gameskraft. Even the income tax (I-T) department, which had issued notices to the company and over 10,000 gamers, is facing hurdles

Posted in Income Tax |   3084 Views


CBDT releases comprehensive guidelines for computing online gaming taxes

   23 May 2023 at 08:44

Guidelines for the removal of difficulties under Section 194BA that deals with Winnings from Online Games

Posted in Income Tax |   6798 Views


Mumbai-based TV Producers face 3 months jail term for income tax delay

   22 May 2023 at 08:29

A metropolitan magistrate court has convicted a television production company and its directors Yash Patnaik and Mamta Patnaik for not submitting ₹8.37 crore income tax.

Posted in Income Tax |   6624 Views


MSSC scheme exempted from TDS on interest earnings

   22 May 2023 at 08:29

TDS (tax deducted at source) will not apply to interest earned on Mahila Samman Savings Certificate (MSSC), but interest income will be added to total income for tax calculation.

Posted in Income Tax |   4986 Views


E-Invoices now mandatory for traders with turnover above Rs 5 crore

   22 May 2023 at 08:29

Traders with an annual turnover above ₹5 crore must prepare e-invoices from August 1 this year for business-to-business transactions

Posted in GST  1 comments |   8073 Views


CBDT's Proposed Alterations to Rule 11UA on Angel Tax and Excluded Entities

   20 May 2023 at 07:07

CBDT proposes changes to Rule 11UA in respect of ANGEL TAX- Also proposes to notify Excluded Entities

Posted in Income Tax |   4563 Views


TCS Exempted for Small Debit and Credit Card Transactions Abroad up to Rs 7 Lakh

   20 May 2023 at 07:04

Clarification regarding applicability of Tax Collection at Source to small Debit/Credit Transactions under LRS

Posted in Income Tax |   11196 Views