CAclubindia News

CBDT | Exemptions for Non-Resident Financial Instruments and Specified Funds in IFSC

19 July 2023 at 08:54

Central Board of Direct Taxes (CBDT) issued the Income-tax (Twelfth Amendment) Rules, 2023 on July 17, 2023. The amendment aims to provide exemptions and regulations regarding certain income and financial instruments for non-residents.

Posted in Income Tax | 4470 Views

IT department clarifies why PAN cards of some NRIs were made inoperative

19 July 2023 at 08:52

The Income Tax Department (ITD) has clarified that the PAN cards of NRIs who have not met the following two criteria have been made inoperative

Posted in Income Tax | 12042 Views

ICAI | IASB Seeks Feedback on IFRS 15 Implementation

19 July 2023 at 08:51

Request for Information on Post-implementation Review of IFRS 15, Revenue from Contracts with Customers issued by the IASB

Posted in Accounts | 5328 Views

Clarification on Interest Charges for Wrong Availment of IGST Credit u/s 50(3) of CGST Act

18 July 2023 at 08:54

CBIC vide Circular No. 192/04/2023-GST dated July 17, 2023 has issued clarification on charging of interest under section 50(3) of the CGST Act, 2017, in cases of wrong availment of IGST credit and reversal thereof.

Posted in GST | 14997 Views

Clarification on Holding Company's Taxability of Subsidiary Shares

18 July 2023 at 08:53

CBIC vide Circular No. 196/08/2023-GST dated July 17, 2023 has issued a clarification on the taxability of shares held in a subsidiary company by the holding company.

Posted in GST | 4344 Views

CBIC clarifies various issues relating to GST refunds

18 July 2023 at 08:52

CBIC vide Circular No. 197/09/2023- GST dated July 17, 2023 has issued clarification on various issues relating to GST refunds.

Posted in GST | 8409 Views

Tax Clarification: Services between Distinct Offices of Same Organization in Different States

18 July 2023 at 08:51

Clarification regarding the taxability of services provided by an office of an organisation in one State to the office of that organisation in another State, both being distinct persons.

Posted in GST | 3570 Views

Amnesty schemes for non-filers of GSTR-4, GSTR-9 & GSTR-10 extended till 31st Aug 2023

18 July 2023 at 08:49

Various amnesty schemes for non-filers of GSTR-4, GSTR-9 & GSTR-10 have been extended till August 31, 2023. The original deadline for these schemes was June 30, 2023.

Posted in GST | 11616 Views

Offline Utility of ITR-5 for AY 2023-24 Now Accessible

17 July 2023 at 17:17

Offline utility of ITR-5 for AY 2023-24 is available for filing.

Posted in Income Tax | 4887 Views

UP YouTuber's Rs 1 Crore Income Attracts Income Tax Raid

17 July 2023 at 14:57

The Income Tax Department (ITD) raided the house of a YouTuber named Taslim in Uttar Pradesh on July 15, 2023. The ITD found ₹ 24 lakh cash during the raid, along with gold jewellery and other valuables.

Posted in Income Tax | 16590 Views