CAclubindia News

Income Tax Department Emphasizes Adherence to Conduct Rules Amidst Vigilance Exercise

25 December 2023 at 09:21

Income Tax Department has reiterated its commitment to maintaining the highest standards of ethical conduct among its officers and officials.

Posted in Income Tax | 3714 Views

CBDT Unveils Updated E-Brochures for Informed Income Tax Practices

25 December 2023 at 09:20

Central Board of Direct Taxes (CBDT), operating under the Department of Revenue, Ministry of Finance, has recently released a set of updated E-Brochures under the Income Tax domain.

Posted in Income Tax | 6603 Views

GSTN Launches 'GST PMT-07' for Swift Grievance Resolution

25 December 2023 at 09:19

GSTN has recently rolled out an innovative feature on the GST Portal. The new functionality, named the Grievance against Payment (GST PMT-07) system, empowers users to address and resolve issues related to payments efficiently.

Posted in GST | 3054 Views

NFRA Unveils Audit Quality Lapses in Big 4 Network Entities

23 December 2023 at 15:19

National Financial Reporting Authority (NFRA) Unveils Audit Quality Inspection Findings on Deloitte, PwC, EY, and KPMG Network EntitiesThe National Financial Reporting Authority (NFRA) has disclosed a series of deficiencies in the auditing-related ac

Posted in Audit | 7497 Views

CBDT notifies ITR Forms ITR-1 and ITR-4 for AY 2024-25

23 December 2023 at 07:07

Central Board of Direct Taxes (CBDT) has issued Notification No. 105/2023 dated December 22, 2023, introducing the Income Tax Return (ITR) Forms ITR-1 (SAHAJ) and ITR-4 (SUGAM) for the Assessment Year (A.Y.) 2024-25.

Posted in Income Tax | 12282 Views

West Bengal Govt Suspends E-Way Bill Order: Intrastate Limit Restored to Rs 1 Lakh

23 December 2023 at 07:06

The West Bengal government has decided to suspend the implementation of its earlier order, which reduced the "intrastate e-way bill" threshold from Rs 1 lakh to Rs 50,000, effective from December 1.

Posted in GST | 1 comments | 14301 Views

Telangana Commercial Taxes Dept unearthed ITC Fraud of Rs 138 crores

23 December 2023 at 07:05

The Telangana Commercial Taxes Department has unveiled a sophisticated Input Tax Credit (ITC) fraud orchestrated by Mr. Chanda Sai Kumar. The fraudulent activities, amounting to a staggering Rs. 138 Crores

Posted in GST | 3363 Views

FM Nirmala Sitharaman approves setting up of GSTAT in Indore

23 December 2023 at 07:03

FM Nirmala Sitharaman has given her approval for the establishment of a GST appellate tribunal in Indore, as announced by the Madhya Pradesh government's Public Relations Department on Thursday.

Posted in GST | 2613 Views

Centre releases Rs 72961 crore as Tax Devolution to States

23 December 2023 at 07:01

Centre releases Rs 72,961.21 crore as additional installment of Tax Devolution to States

Posted in Income Tax | 2178 Views

ICAI Clarifies on Advanced ICITSS and IT Test for CA Final Exam Eligibility under CA Regulations 31(v)

22 December 2023 at 15:44

Clarifications on the requirement for completion of Advanced ICITSS and the Advanced IT Test thereunder, with reference to eligibility to appear in CA Final examination, under CA Regulations 31(v).

Posted in Students | 34638 Views