CAclubindia News


Personal Income Tax Collections Plays Key Role in H1 FY25 Revenue Growth

   29 November 2024 at 09:01

Personal income tax collections emerged as a critical driver of government revenues in the first half of fiscal 2025, counterbalancing subdued growth in corporate tax and other indirect tax components

Posted in Income Tax |   1668 Views


CBDT Report Highlights Need to Address Repeat Penalties for Undisclosed Foreign Assets

   28 November 2024 at 09:17

A group of income-tax officials has submitted a detailed report to the CBDT, recommending significant changes to enhance the enforcement of the Black Money and Imposition of Tax Act, 2015.

Posted in Income Tax |   1974 Views


Govt Collects Rs 4,792 Crore GST on Education Services in FY24

   28 November 2024 at 09:13

The government collected a significant ₹4,792 crore in Goods and Services Tax (GST) from the education sector during the financial year 2023-24.

Posted in GST |   1563 Views


GST Due Date for Oct 2024 Extended to 30th Nov for Manipur Taxpayers

   28 November 2024 at 09:13

The Ministry of Finance (Department of Revenue), through the Central Board of Indirect Taxes and Customs (CBIC), has issued Notification No. 29/2024 – Central Tax dated November 27, 2024.

Posted in GST |   2088 Views


GSTN Issues Advisory on Authorised e-Invoice Verification Apps

   28 November 2024 at 09:12

GSTN has prepared a consolidated document on authorized B2B e-invoice verification apps available for download.

Posted in GST |   1797 Views


GSTN Introduces Biometric Aadhaar Authentication for GST Registration in Madhya Pradesh

   28 November 2024 at 09:11

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Madhya Pradesh

Posted in GST |   396 Views


45-Day Payment Policy for MSMEs Receives Endorsement from Industry Associations, FinMin Reveals

   28 November 2024 at 09:10

The revised Section 43B of the Income-tax Act, 1961, introduced in the Union Budget last year, has been widely endorsed by MSME associations across India, said Pankaj Chaudhary, Minister of State for Finance, in the Lok Sabha on Monday.

Posted in Income Tax |   774 Views


Finance Ministry's October Review Highlights 'Cautiously Optimistic' Economic Outlook for Coming Months

   28 November 2024 at 09:10

The Indian Finance Ministry, in its monthly economic review for October, has expressed a "cautiously optimistic" outlook for the country's economy in the coming months.

Posted in Corporate Law |   360 Views


PAN 2.0 and TAN Services: A Unified Portal for Seamless Financial Integration

   28 November 2024 at 09:10

The Permanent Account Number (PAN) has long been a cornerstone of India's financial and administrative systems, connecting individuals and businesses to vital economic activities while promoting financial transparency and compliance.

Posted in Income Tax |   1710 Views


ICAI Proposes Mandatory Qualifications for Forensic Audit Professionals

   27 November 2024 at 09:14

The Institute of Chartered Accountants of India (ICAI) is taking a significant step toward strengthening forensic auditing practices by drafting guidelines to introduce mandatory qualifications for forensic auditors.

Posted in Audit |   14430 Views



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