CAclubindia News

RBI releases Handbook of Statistics on the Indian Economy 2021-22

16 September 2022 at 08:46

Reserve Bank released its annual publication titled "Handbook of Statistics on the Indian Economy, 2021-22" (HBS).

Posted in Others | 5100 Views

ICAI extends last date for online empanelment of members to act as observers for Nov/Dec 2022 CA exams upto 20th September

16 September 2022 at 08:46

It has been decided to extend the Last date of online empanelment of members to act as observers at the examination centres for the Chartered Accountants’ Examinations, November/ December 2022, up to 20th September 2022.

Posted in Students | 6840 Views

GST collections likely to cross Rs. 1.5 lakh crore from November

15 September 2022 at 08:44

FM on Wednesday spoke about Prime Minister Narendra Modi's "special mention" of robust GST revenues as a sign of a sound economy, while the revenue department set a new target of ₹1.50 lakh crore monthly collections from November this year

Posted in GST | 1 comments | 3303 Views

Banks exempted from 10% TDS for one-time loan settlements

15 September 2022 at 08:44

TDS won't be applicable on one-time loan settlement with borrowers/waiver of loan granted on reaching settlement with the borrowers by institutions such as public financial institutions, scheduled banks

Posted in Income Tax | 1 comments | 4647 Views

FM urges GST officials to utilize technologies to identify fraudulent practices

15 September 2022 at 08:44

We need to better utilize AI, data-analytics, IoT and other technologies to identify fraudulent practices, such as detection of tax evasion and better train officials on these aspects: Nirmala Sitharaman

Posted in GST | 2511 Views

Mandatory evaluation of Audit Quality Maturity of firms using Revised AQMM Rev v1.0

14 September 2022 at 08:35

W.E.F. the 1st of APRIL 2023, the firms auditing the following types of entities shall be mandatorily required to undertake an evaluation of their audit quality maturity using the Audit Quality Maturity Model Revised Version 1.0 (AQMM Rev v1.0)

Posted in Audit | 5886 Views

CBDT issued additional guidelines for removal of difficulties u/s 194R

14 September 2022 at 08:35

Additional Guidelines for removal of difficulties under sub-section (2) of section 194R of the Income-tax Act, 1961

Posted in Income Tax | 1 comments | 7320 Views

E-Way Bill generation provisioned for movement of Gold

13 September 2022 at 09:22

As per the Government recommendation, E-Way Bill generation has been provisioned for movement of Gold (HSN Chapter 71) for all Intrastate and Interstate transactions.

Posted in GST | 8997 Views

Businesses will be able to claim pre-GST tax credits from 1st October

13 September 2022 at 08:38

The businesses that could not claim tax credits for taxes paid during the pre-goods and services tax (GST) era may soon get an opportunity to do so. The government, from October 1, is likely open a special window for businesses to file their claims.

Posted in GST | 4149 Views