CAclubindia News

CBDT takes up e-Verification for 68,000 cases from FY 2019-20

14 March 2023 at 08:38

On a pilot basis, in about 68,000 cases, information of financial transactions pertaining to FY 2019-20 has been taken up for e-Verification

Posted in Income Tax | 9471 Views

Paradigm shift in digital transactions in India during last 4 years since 2018-19

14 March 2023 at 08:37

Paradigm shift in digital transactions in India with growth of more than 200% in digital payment volume during the last four years since 2018-19

Posted in Others | 2484 Views

38.58 crore loans extended since inception of PMMY

14 March 2023 at 08:34

26.35 crore loans (68%) extended to Women Entrepreneurs and 19.84 crore loans (51%) to SC/ST/OBC category of borrowers under PMMY

Posted in Corporate Law | 3366 Views

GST Evasion of Rs 150 Crore discovered in TMT Bar Clearance

13 March 2023 at 08:36

The Directorate General of GST Intelligence (DGGI), Chennai recently carried out coordinated search operations against three major taxpayers involved in the supply of TMT Bars. The investigation has revealed that these entities were engaged in the il

Posted in GST | 5130 Views

Gross Direct Tax collections rises 22.58% to Rs 16.68 lakh crore up to 10th March

11 March 2023 at 17:04

The provisional figures of Direct Tax collections up to 10th March, 2023 continue to register steady growth. Direct Tax collections up to 10th March, 2023 show that gross collections are at Rs. 16.68 lakh crore

Posted in Income Tax | 2274 Views

IT department enabled new feature 'Comply to Notice' u/s 133(6) of IT Act 1961

11 March 2023 at 08:52

The Income Tax Department enabled the new feature 'Comply to Notice' that allows taxpayers to View and Submit Responses to Notices under section 133(6) of the Income Tax Act, 1961 ("the IT Act").

Posted in Income Tax | 77763 Views

IT department issued important update on Form 26AS and AIS

11 March 2023 at 08:50

The Income Tax Department has issued an update on Form 26AS and Annual information statement ("AIS") stating that from Assessment Year ("AY") 2023-24 onwards, Form 26AS display only TDS/TCS data.

Posted in Income Tax | 14847 Views

National Pension System (NPS) subscription witnesses 22.88% growth YoY in FY 23

11 March 2023 at 08:49

624.81 lakh National Pension System (NPS) subscribers, with Y-o-Y growth of 22.88%

Posted in Others | 2196 Views

Centre releases Rs 1.40 lakh crore tax devolution amount to states

11 March 2023 at 08:48

Union Government releases 14th instalment of tax devolution to State Governments amounting to ₹1,40,318 crore to strengthen hands of States to accelerate their capital and developmental expenditure

Posted in Income Tax | 2967 Views

Taxpayers to mention 6-digit HSN Codes for outward supplies if AATO exceeds Rs 5 Crores

10 March 2023 at 08:37

A recent update issued by GST E-Invoice System dated March 09, 2023 stated that the E-Invoice System will not accept 4-digit HSN codes and the date for blocking e-Invoice generation having HSN code as 4-digits will be intimated Soon.

Posted in GST | 12258 Views