CAclubindia News

CBDT Issues Exchange Rate Notification for Foreign Currency TDS Deductions

22 August 2023 at 08:49

The Income-tax (Seventeenth Amendment) Rules, 2023 was notified by the Central Board of Direct Taxes (CBDT) on August 17, 2023. The amendment has made changes to the Income-tax Rules, 1962

Posted in Income Tax | 7515 Views

10 People Held for Rs 15,000 Crore GST Fraud in Noida

22 August 2023 at 08:48

The Noida Police has issued non-bailable warrants against 10 people for defrauding the government of ₹15,000 crore by using fake input tax credit (ITC) documents.

Posted in GST | 12135 Views

50 Year Old Man Held for GST Invoice Fraud Worth Rs 147 Crore

22 August 2023 at 08:47

A 50-year-old man from Nerul, Navi Mumbai, has been arrested by the anti-evasion cell of the Central GST Belapur Commissionerate for his alleged role in a Rs 147 crore GST invoice scam

Posted in GST | 3765 Views

CBDT operationalises Advance Rulings in Delhi and Mumbai

21 August 2023 at 08:40

The Central Board of Direct Taxes constituted three Boards for Advance Rulings in September, 2021.

Posted in Income Tax | 2460 Views

CBDT notifies Rule for determination of value of perquisite in respect of residential accommodation provided by employer

21 August 2023 at 08:39

The Finance Act, 2023 brought in an amendment for the purposes of calculation of "perquisite" with regard to the value of rent-free or concessional accommodation provided to an employee, by his employer.

Posted in Income Tax | 8478 Views

ICAI | Revisions to Institute Document Authority and Quality Control Standards

21 August 2023 at 08:37

Amendment to the "Clarification Regarding Authority Attached to Documents Issued by the Institute" and Consequential Amendment to the "Preface to the Standards on Quality Control, Auditing, Review, Other Assurance and Related Services"

Posted in Professional Resource | 21276 Views

Income Tax Dept Introduces Challan Correction Facility for Easy Tax Payment Modifications

19 August 2023 at 08:31

The Income Tax India portal has introduced a new feature called "Challan Correction," accessible through the path Dashboard > Services > Challan Correction.

Posted in Income Tax | 13299 Views

GSTN issued advisory on E-Invoice Glossary and Steps

19 August 2023 at 08:30

GSTN has prepared an informative resource in the form of an e-invoice glossary and a step-by-step guide for your reference.

Posted in GST | 5943 Views

ICAI reschedules CA Foundation Dec 2023 Exams

18 August 2023 at 08:46

Institute of Chartered Accountants of India (ICAI) has rescheduled the CA Foundation December 2023 exams.

Posted in Students | 27873 Views

CBDT Releases Guidelines on Tax Exemption for Life Insurance Policies u/s 10(10D) of IT Act

18 August 2023 at 08:46

CBDT (Central Board of Direct Taxes) issued guidelines on the applicability of exemption under section 10(10D) of the Income Tax Act, 1961 (IT Act) for life insurance policies on August 16, 2023 vide Circular No. 15 of 2023.

Posted in Income Tax | 21093 Views