CAclubindia News

ITR Filing Surge to 13 Lakh, Total 2.7 Crore Filed by July 14

18 July 2024 at 09:18

With the deadline approaching, the daily filing of income tax returns (ITR) has surged to an impressive 13 lakhs, the Income Tax Department reported.

Posted in Income Tax | 2505 Views

Personal Income Tax Emerges as Largest Revenue Source for Govt, Surpassing Corporate Tax and GST

18 July 2024 at 09:15

In a significant shift in the Indian tax landscape, personal income tax has now become the largest revenue contributor for the Indian government, surpassing both corporate tax and the Goods and Services Tax (GST).

Posted in Income Tax | 972 Views

Son of Vegetable Vendor Shines in CA May 2024 Exams

17 July 2024 at 11:57

The heartwarming story of how a Dombivli vegetable seller's son achieved his dream of becoming a Chartered Accountant.

Posted in Students | 4 comments | 4095 Views

CBIC Issued Clarifications on GST Applicability for Specific Services

17 July 2024 at 09:08

The Central Board of Indirect Taxes and Customs (CBIC) has recently released Circular No. 228/22/2024-GST dated July 15, 2024, providing essential clarifications regarding the applicability of GST on specific services.

Posted in GST | 4413 Views

GST Filing Compliance: Gujarat Leads at 95%, HP, Tamil Nadu, UP Follow; Arunachal, Manipur Lag Behind

17 July 2024 at 09:07

More than 90% of registered businesses in states like Gujarat, Rajasthan, Punjab, Uttar Pradesh, and Himachal Pradesh have consistently filed their monthly tax returns, according to official data.

Posted in GST | 2064 Views

Budget 2024: Tax Practitioners Urge Government to Rationalize Personal Income Tax

17 July 2024 at 09:06

In a significant appeal to the government, the All India Federation of Tax Practitioners (AIFTP) has urged for a reduction in the personal income tax burden on citizens in the forthcoming Union budget

Posted in Union Budget & Policy | 2355 Views

Final Stage of Preparations for Union Budget 2024-25 Commences with Customary Halwa Ceremony

17 July 2024 at 09:06

The Halwa ceremony, marking the final stage of the Budget preparation process for Union Budget 2024-25, was held in New Delhi

Posted in Union Budget & Policy | 1 comments | 441 Views

GSTN Announces Release of Integrated Services from e-invoice-1 and e-invoice-2 Portals

17 July 2024 at 09:05

GSTN wish to inform that NIC is releasing the integrated services from e-invoice-1 and e-invoice-2 portals on 18th July 2024 on sandbox portals

Posted in GST | 1116 Views

Uber and Other Ride-Hailing Apps Seek Government Clarity on GST Liability

16 July 2024 at 08:58

In a significant move, several app-based ride-hailing services, including Uber, have approached the Union Finance Ministry, the Goods and Services Tax (GST) Council, and the Authority for Advance Rulings (AAR) to clarify their tax liabilities.

Posted in GST | 1 comments | 2706 Views