CAclubindia News
Indian Govt Considers Postponing Section 43B(h) Following Industry Pressure
14 February 2024 at 09:04Amidst mounting pressure from trade and industry organizations, the Indian government is considering delaying the implementation of Section 43B(h) of the Income Tax Act.
GST Council Set to Clarify Expat Salary Taxation Amidst Controversy
14 February 2024 at 09:02The Goods and Services Tax (GST) Council is deliberating on issuing a circular to resolve the recent controversy surrounding notices sent to Indian subsidiaries of foreign companies regarding the taxation of salaries paid to expatriates.
PIB Fact Check: Section 43B(h) of Income Tax Act Unchanged for MSME Payments
13 February 2024 at 17:11Recently, a viral message has been circulating on social media platforms claiming that alterations have been made to the provisions of Section 43B(h) concerning payments to Micro, Small, and Medium Enterprises (MSMEs) by the Finance Ministry
Industry Urges Govt for Doubling GST Registration Threshold to Rs 40 Lakh
13 February 2024 at 09:13During FTCCI event, industry leaders urged the Chief Minister and State Finance Minister to consider raising the GST registration threshold from Rs 20 lakh to Rs 40 lakh annually
Supreme Court Issues Notice to Central Govt on GST Anti-Profiteering Provisions
13 February 2024 at 09:12The Supreme Court has taken a significant step by issuing a notice to the union government regarding the constitutional validity of anti-profiteering provisions under the Goods and Services Tax (GST).
UPI Goes Global - Payments Now Accepted in 7 Countries
13 February 2024 at 09:11In a significant move to enhance cross-border digital transactions, the Ministry of External Affairs announced the extension of Unified Payment Interface (UPI) services to Sri Lanka and Mauritius.
Taxpayers Can Opt for FY 2024-25 Composition Scheme on GST Portal by 31st March 2024
13 February 2024 at 09:09GSTN has introduced a significant update, enabling taxpayers to opt for the Composition Scheme for the Financial Year 2024-25.
ICAI elects New Torchbearers for the year 2024-25
12 February 2024 at 14:56New President and Vice-President elected for ICAI term 2024-25: CA Ranjeet Kumar Agarwal and CA Charanjot Singh Nanda.
Direct Tax Collections Reach Rs 18.38 Lakh Crore, Surge 17.30% YoY
12 February 2024 at 12:19Direct Tax collections at 80.23% of total Revised Estimates of Direct Taxes for F.Y. 2023-24 upto 10.02.2024Gross Direct Tax collections at Rs. 18.38 lakh crore with Y-o-Y growth of 17.30%, as on 10th February, 2024Direct Tax collection, Net of refun
PIB Fact Check Exposes Fake Income Tax Notice Requiring Payment for Audited Balance Sheets
12 February 2024 at 09:17A recent tweet by PIB Fact Check has brought to light a deceptive notice circulating on social media platforms, purportedly issued in the name of @IncomeTaxIndia.
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