CAclubindia News

Netflix India Under Investigation for Alleged Visa Violations, Tax Evasion and Racial Discrimination

24 September 2024 at 08:53

Netflix India is facing an investigation by the Indian government over alleged visa violations, tax evasion, and racial discrimination. The probe adds to growing scrutiny of the streaming giant in its crucial market.

Posted in Income Tax | 1482 Views

Vivad Se Vishwas 2.0: Lower Settlement for Declarations Filed by 31st December

23 September 2024 at 09:07

The Income Tax Department has officially notified the Vivad Se Vishwas Scheme 2.0, aimed at providing a mechanism for settling pending income tax disputes with reduced settlement amounts for those who file declarations before December 31, 2024.

Posted in Income Tax | 3282 Views

Loss-Making MNCs Must Pay Tax on India Setups: Delhi HC

23 September 2024 at 09:02

In a significant ruling that could reshape tax obligations for MNCs in India, the Delhi High Court has mandated that MNCs with a presence in the country, whether through liaison offices, subsidiaries, or fixed setups, must pay taxes

Posted in Income Tax | 516 Views

ICAI Welcomes Observations of the Candidates on the Question Papers of CA Foundation & Intermediate September 2024 Exams

23 September 2024 at 09:02

Observations of the candidates on the question papers of CA Intermediate and Foundation examinations- September- 2024

Posted in Students | 7488 Views

CBDT Notifies Rules and Forms for Direct Tax Vivad Se Vishwas Scheme, 2024

21 September 2024 at 07:00

The Central Government has officially announced the Direct Tax Vivad se Vishwas Rules, 2024, through G.S.R. 584(E) in alignment with the Finance (No. 2) Act, 2024.

Posted in Income Tax | 3027 Views

MCA Notifies Second Amendment Rules for National Financial Reporting Authority

21 September 2024 at 06:58

On September 18, 2024, the MCA issued Notification No. G.S.R. 577(E), amending the National Financial Reporting Authority (NFRA) (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Rules, 2018.

Posted in Corporate Law | 420 Views

MCA Enforces Key Provision of Competition (Amendment) Act, 2023 from 19th Sept 2024

21 September 2024 at 06:54

The Ministry of Corporate Affairs (MCA) has issued Notification No. S.O. 4031(E). dated September 19, 2024, announcing that clause (f) of section 19 of the Competition (Amendment) Act, 2023 has come into effect on the same date.

Posted in Corporate Law | 441 Views

DFS drives expansion of digital payments in India and abroad

21 September 2024 at 06:52

Digital payment transactions volume grew to 18,737 crore in FY 2023-24 from 2,071 crore in FY 2017-18 at Compounded Annual Growth Rate (CAGR) of 44%; with value of transactions at ₹3,659 lakh crore in FY23-24 from ₹1,962 lakh crore in FY17-18 at CAGR

Posted in Others | 222 Views

Gujarat's GST Departments Launch Drive Against Bogus Registrations Amid Tax Evasion Concerns

21 September 2024 at 06:49

In a decisive move to combat the rising tide of tax evasion through bogus billing scams, the state and central Goods and Services Tax (GST) departments in Gujarat have initiated a comprehensive drive to identify and cancel fraudulent GST registrations.

Posted in GST | 1458 Views

IGST Panel Finalizes Action Plan to Resolve 'Negative Balance' Issue

21 September 2024 at 06:47

The Indian government has initiated a comprehensive review of IGST settlement mechanism following complaints from several state governments about revenue shortfalls.

Posted in GST | 1689 Views