CAclubindia News

Record 7.85 crore ITRs filed for all Assessment Years up to 31st October, 2023

02 November 2023 at 08:51

The Income Tax Department registered a record number of filing of Income Tax Returns (ITRs) till 31st October, 2023

Posted in Income Tax | 4182 Views

ICAI releases Exposure Draft of Lack of Exchangeability - Amendments to Ind AS 21

02 November 2023 at 08:50

Exposure Draft of Lack of Exchangeability - Amendments to Ind AS 21

Posted in Accounts | 2352 Views

GST Collection Soars to Rs 1.72 Lakh Crore in October 2023, Second Highest on Record

01 November 2023 at 17:19

GST revenue collection for October 2023 is second highest ever, next only to April 2023, at ₹1.72 lakh crore; records increase of 13% Y-o-Y

Posted in GST | 3369 Views

Colgate Palmolive Faces Rs 170 Crore Transfer Pricing Order in Tax Dispute

01 November 2023 at 14:28

Colgate Palmolive (India) Faces Rs 170 Crore Transfer Pricing Order from Income Tax Authorities for International Transactions

Posted in Income Tax | 3468 Views

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 | 12801 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 | 15465 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 | 7902 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 | 5739 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 | 5748 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 | 22653 Views