CAclubindia News
LIC Receives Rs 21,740 Crore Tax Refund from Income Tax Department
19 February 2024 at 09:04Life Insurance Corporation of India (LIC) has garnered a significant tax refund of Rs 21,740.77 crore from the Income Tax Department for assessment years spanning from 2013 to 2020.
MCA operationalises CPC for Centralised Processing of Corporate Filings
19 February 2024 at 09:0312 forms/applications will be processed at CPC from 16.02.2024; followed by other forms from 01.04.2024 onward
Income Tax Dept Clarifies: No Freeze, Just Lien on Congress' Bank Accounts
19 February 2024 at 09:02In a recent development concerning the financial affairs of the Congress party, the Income Tax department clarified its stance before the ITAT, stating that it had not issued any directive to freeze the transactions in Congress' bank accounts.
MSME Minister Launches Rs 20 Lakh Scheme for GST-Exempted Micro Units Under CGTMSE
19 February 2024 at 09:02MSME Minister Narayan Rane has initiated a transformative scheme tailored for Informal Micro Enterprises (IMEs), aiming to enhance their access to credit facilities and alleviate financial constraints.
CBIC Releases Revised Guidelines and Formats for Arrest and Incident Reports
17 February 2024 at 08:53In a proactive move to bolster anti-smuggling measures, the CBIC has issued Instruction No. 02/2024-Customs, dated February 15, 2024.
Income Tax Notices Sent to Taxpayers for Donations to Unrecognized Political Parties
17 February 2024 at 08:50The Income Tax Department has initiated a probe into political donations made to registered yet unrecognized political parties during the financial years 2020-21 and 2021-22
TRACES: Lower/Nil TDS Deduction Application Window Open for FY 2023-24 & 2024-25
17 February 2024 at 08:48TAN system has introduced the TDS Reconciliation Analysis and Correction Enabling System (TRACES), offering taxpayers the opportunity to file for lower or nil deduction of TDS, thereby enhancing their financial position.
RBI Takes Action Against Paytm Payments Bank under Banking Regulation Act
17 February 2024 at 08:45Action against Paytm Payments Bank Ltd under Section 35A of the Banking Regulation Act, 1949
Central Government Notifies Finance Act 2024
16 February 2024 at 17:17The Indian government has officially notified the Finance Act, 2024, after its passage through the Parliament and receiving the President's assent on February 15, 2024.
Builders Under GST Scrutiny: Notices Issued to Reverse ITC
16 February 2024 at 08:58In a significant development, the Goods and Services Tax (GST) department has initiated action against numerous builders, issuing notices to reverse Input Tax Credit (ITC) claimed for the fiscal years 2017-18 and 2018-19.
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