CAclubindia News


CBDT Chairman Dedicates Taxpayers' Lounge at IITF 2024, Launches Brochures on Direct Taxation

   19 November 2024 at 09:01

CBDT releases five informational brochures on various aspects of direct taxation for ease of understanding and taxpayers' facilitation at IITF

Posted in Income Tax |   1521 Views


CBDT Allows Condonation of Delay for Filing Forms 9A, 10, 10B and 10BB for AY 2018-19 Onwards

   19 November 2024 at 08:54

CBDT has issued Circular No. 16/2024 dated November 18, 2024, addressing the condonation of delay in filing critical income tax forms Form No. 9A, 10, 10B, and 10BB for the Assessment Year (AY) 2018-19 and subsequent assessment years.

Posted in Income Tax |   2727 Views


CBIC Extends GSTR-3B Filing Deadline for Oct 2024 to Nov 21 for Maharashtra and Jharkhand

   19 November 2024 at 08:52

In a move aimed at providing relief to taxpayers, the CBIC has issued Notification No. 26/2024 – Central Tax dated November 18, 2024, extending the due date for filing GSTR-3B returns for the month of October 2024.

Posted in GST |   8646 Views


CBI Arrests Two CBDT Officers in Panaji for Alleged Bribe in Pending Contractor Bills Case

   18 November 2024 at 05:13

The Central Bureau of Investigation (CBI) arrested two assistant accounts officers of the CBDT, Pankaj Kumar and Aul Wani, in Panaji on Friday for allegedly demanding and accepting a bribe to clear pending bills of a contractor.

Posted in Income Tax |   4029 Views


Govt Highlights Shift in Tax Burden and Rising Taxpayer Base Over the Last Decade

   18 November 2024 at 05:13

The government has claimed a significant reduction in the tax burden on middle-class individuals earning less than ₹20 lakh annually over the past decade, while the tax contributions from high-income earners (above ₹50 lakh) have surged.

Posted in Income Tax |   270 Views


CBDT Launches Campaign to Help Taxpayers Report Foreign Assets and Income in AY 2024-25

   18 November 2024 at 05:13

CBDT launches Compliance-Cum-Awareness Campaign for AY 2024-25 to assist taxpayers in accurately completing Schedule Foreign Assets and reporting income from foreign sources in ITR

Posted in Income Tax |   1509 Views


High Court Restrains ICTPI from Offering Taxation Courses Following ICAI Petition

   18 November 2024 at 05:13

In a significant development, the High Court of Karnataka has issued an interim order restraining the Bengaluru-based Institute of Chartered Tax Practitioners India (ICTPI) from enrolling candidates into various courses

Posted in Students |   1494 Views


GSTN Issues Important Advisory on GSTR 2B and IMS

   18 November 2024 at 05:13

It has been reported by few taxpayers that their GSTR-2B for October-2024 period has not been generated on 14th November, 2024.

Posted in GST |   1458 Views


FM Nirmala Sitharaman Refutes Karnataka's Claims of Tax Devolution Bias

   16 November 2024 at 07:00

Union Finance Minister Nirmala Sitharaman firmly rejected the Karnataka government’s allegations of "step-motherly treatment" in tax devolution, describing the claims as baseless and aimed at misleading voters.

Posted in Income Tax |   1131 Views


Over 8 Crore ITRs Filed for AY 2024-25, 74% Opt for New Tax Regime

   16 November 2024 at 07:00

In a significant milestone, more than 8 crore income tax returns (ITRs) have been filed for the assessment year (AY) 2024-25, reflecting a robust filing season.

Posted in Income Tax |   1539 Views