CAclubindia News

ICAI issues May 2024 Guidelines for Continuing the Exhausted Exemptions - Making Exemption/s Permanent

23 February 2024 at 15:11

May 2024 Guidelines Issued for Continuing the Exhausted Exemptions - Making Exemption/s Permanent

Posted in Students | 33930 Views

ICAI President Aims for Over 30 Lakh New CAs by 2047

23 February 2024 at 12:38

CA Ranjeet Agarwal set forth an ambitious vision, projecting that India would require over 30 lakh new Chartered Accountants by 2047 to support the nation's economic growth.

Posted in Professional Resource | 7974 Views

CBDT Issues Corrigendum Clarifying 6 Changes to ITR Forms ITR-2, ITR-3 and ITR-5 for AY 2024-25

23 February 2024 at 09:11

The Central Board of Direct Taxes (CBDT) recently released a corrigendum, marked as Notification No. 22/2024 dated February 21, 2024, amending Notification No. 19/2024 dated January 31, 2024.

Posted in Income Tax | 14574 Views

Byju's Founder Faces ED Notice Over Rs 9362 Crore FEMA Violation

23 February 2024 at 09:09

ED has reportedly prolonged its lookout circular (LOC) against Byju Raveendran, the founder of the embattled ed-tech giant Byju's, as part of an ongoing investigation into alleged violations of the FEMA.

Posted in Community & General | 1947 Views

ICAI President Unveils Plan for UK & Canadian Chartered Accountants to Practice in India

22 February 2024 at 15:03

The Institute of Chartered Accountants of India (ICAI) has proposed that Chartered Accountants from the United Kingdom and Canada be permitted to practice in India on a reciprocal basis.

Posted in Professional Resource | 9135 Views

ICAI President Unveils Vision for 2024-25 with 'Drishti' Framework

22 February 2024 at 09:13

The newly elected President of the Institute of Chartered Accountants of India (ICAI) CA. Ranjeet Kumar Agarwal, shared his vision at a press conference held in New Delhi.

Posted in Professional Resource | 11208 Views

Personal Income Tax Collection to Surpass Corporate Income Tax for Second Consecutive Year

22 February 2024 at 09:10

Data 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.

Posted in Income Tax | 2682 Views

MCA Implements Section 33 of the Competition (Amendment) Act, 2023

21 February 2024 at 09:04

The 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.

Posted in Corporate Law | 8655 Views

Income Tax Department to Issue Notices to Non-Filers and TDS Deductees

21 February 2024 at 09:03

The 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.

Posted in Income Tax | 7815 Views