CAclubindia News
Personal Income Tax Collection to Surpass Corporate Income Tax for Second Consecutive Year
22 February 2024 at 09:10Data from the Income Tax department has revealed a significant shift in the tax landscape, with Personal Income Tax (PIT) set to outpace Corporate Income Tax (CIT) for the second consecutive year.
MCA Implements Section 33 of the Competition (Amendment) Act, 2023
21 February 2024 at 09:04The Ministry of Corporate Affairs (MCA) has taken a significant step towards bolstering India's competition regulatory framework with the enforcement of Section 33 of the Competition (Amendment) Act, 2023.
Income Tax Department to Issue Notices to Non-Filers and TDS Deductees
21 February 2024 at 09:03The Income Tax Department is gearing up to take stringent action against individuals who have failed to file their Income Tax Returns (ITRs) and those whose taxes have been deducted at source (TDS) but have not filed their returns.
GSTN launches revamped e-invoice master information portal
21 February 2024 at 09:03Advisory: Enhanced E-Invoicing Initiatives & Launch of Enhanced https://einvoice.gst.gov.in portal
CBDT Announces Waiver of Pending Tax Demands up to Rs 1 Lakh per Individual
20 February 2024 at 10:04The Central Board of Direct Taxes (CBDT) has issued an Order, bearing reference number F. No. 375/02/2023-IT-Budget and dated February 13, 2024, detailing the remission and extinguishment of specific outstanding direct tax demands.
GST's Impact: Officer Affirms Nearly Resolved Tax Avoidance Issue
20 February 2024 at 09:08Assistant Commissioner of Commercial Tax, Mahesh Patil, lauded the Goods and Services Tax (GST) as a monumental achievement in India's tax history, asserting its transformative impact on tax collection mechanisms.
NFRA Initiates First Annual Inspection of Key Audit Firms by April 2024
20 February 2024 at 09:07The National Financial Reporting Authority (NFRA) is set to embark on its inaugural annual review of prominent auditing organizations, including the industry's behemoths known as the Big Five.
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.
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