CAclubindia News

Apollo Tyres Faces Rs 2.06 Crore Tax Demand and GST Penalty

18 April 2024 at 08:52

Apollo Tyres Ltd disclosed that it has been served with a tax demand and penalty amounting to Rs 2.06 crore by the GST authority in Tamil Nadu. The issue mainly revolves around the company's utilization of ITC and other related matters.

Posted in GST | 792 Views

Admit Card for CA Intermediate/Final May 2024 Exams Released

17 April 2024 at 11:09

The Institute of Chartered Accountants of India (ICAI) released admit card for May 2024 CA Final and Intermediate Exams on April 17, 2024. Candidates can download their admit cards from the official website of ICAI at https://eservices.icai.org/.

Posted in Students | 10947 Views

ITR-1, ITR-2, ITR-4 & ITR-6 for AY 2024-25 Enabled For Offline/Online mode at e-filing portal

17 April 2024 at 08:53

ITR-1, ITR-2, ITR-4 & ITR-6 for AY 2024-25 are enabled for filing in Offline as well as Online mode at e-filing portal. Excel utilities of ITR-1, ITR-2 & ITR-4 for AY 2024-25 are available under 'Downloads' button at e-filing portal.

Posted in Income Tax | 687 Views

Finance Ministry Proposes Enhanced KYC Procedure To Combat Cyber Scams

17 April 2024 at 08:52

In a proactive move aimed at curbing incidents like the BoB World app scam and other financial frauds, the finance ministry is advocating for a robust KYC procedure and rigorous due diligence by banks and financial institutions.

Posted in Community & General | 525 Views

CBDT signs record number of 125 Advance Pricing Agreements (APAs) in FY 2023-24

17 April 2024 at 08:48

The Central Board of Direct Taxes (CBDT) has entered into a record 125 Advance Pricing Agreements (APAs) in FY 2023-24 with Indian taxpayers. This includes 86 Unilateral APAs (UAPAs) and 39 Bilateral APAs (BAPAs).

Posted in Income Tax | 2250 Views

NFRA Debars Two Chartered Accountants in Reliance Capital Case, Levies Fine

16 April 2024 at 08:57

The National Financial Reporting Authority (NFRA) has taken decisive action against alleged misconduct, debarring two Chartered Accountants (CAs) for a period ranging between 5 to 10 years.

Posted in Audit | 5586 Views

ICAI Introduces New Disciplinary Mechanism to Combat Professional Misconduct

15 April 2024 at 16:50

As a statutory body regulating the profession of Chartered Accountancy in India, the ICAI has had a long and glorious history in its 71 years of existence as the second-largest Institute in the world

Posted in Professional Resource | 1554 Views

Income Tax Department Targets 1.52 Crore Non-Filers for Tax Return Compliance

15 April 2024 at 08:57

According to a report, the Income Tax Department has identified a staggering 1.52 crore such individuals who, despite having taxable income or TDS, have failed to fulfill their filing obligations.

Posted in Income Tax | 4419 Views

Income Tax Department Issues Clarification Regarding India-Mauritius Tax Treaty

13 April 2024 at 07:33

The Income Tax Department recently issued a clarification regarding concerns about the amendment to the India-Mauritius Double Taxation Avoidance Agreement (DTAA) on April 12, 2024.

Posted in Income Tax | 2616 Views

Kerala GST Department Guidelines: Issuance of orders u/s 107 and 108 of SGST/CGST/IGST Act

13 April 2024 at 07:31

The Kerala GST Department has issued a new circular, Circular No: 05/2024 dated April 06, 2024, providing guidelines on the issuance of orders under section 107 and 108 of SGST/CGST/IGST Act related to the numbering of appellate and revisional orders.

Posted in GST | 1032 Views