CAclubindia News

Govt Announces TDS Exemption for Certain Payments in IFSC Units w.e.f 1st April 2024

09 March 2024 at 09:14

Effective from April 1, 2024, the exemption is poised to incentivize businesses to operate within the IFSC framework, fostering an environment conducive to growth and innovation in the financial services sector.

Posted in Income Tax | 5874 Views

CBDT Extends Due Date for Filing Form No. 26QE for FY 2022-23

09 March 2024 at 09:12

In a move to provide relief to taxpayers, the Central Board of Direct Taxes (CBDT) has issued Circular No. 04/2024 dated March 07, 2024, announcing the ex-post facto extension of the due date for filing Form No. 26QE.

Posted in Income Tax | 4812 Views

State Official Arrested for Accepting Bribe to Issue GST Number

09 March 2024 at 09:12

In a significant crackdown on corruption, the Anti-Corruption Bureau (ACB) has apprehended a state official for allegedly accepting a bribe of ₹3,000 in exchange for issuing a Goods and Services Tax (GST) number.

Posted in GST | 1299 Views

Income Tax Department Issues Update On Option for Filing ITR-U u/s 139(8A)

09 March 2024 at 09:11

The Income Tax Department unveiled a crucial update on March 7, 2024, pertaining to the submission of Updated Income Tax Returns (ITR) under section 139(8A) of the Income Tax Act 1961.

Posted in Income Tax | 4530 Views

GSTN issues Advisory On Integration of E-Waybill system with New IRP Portals

09 March 2024 at 09:10

The Goods and Services Tax Network (GSTN) has issued a crucial advisory aimed at facilitating the smooth integration of the Electronic Waybill (E-Waybill) system with the newly revamped Invoice Registration Portal (IRP).

Posted in GST | 5547 Views

CA Foundation and Intermediate Exams to be held Thrice a Year

08 March 2024 at 09:18

In a historic decision taken by ICAI, Intermediate & Foundation course examinations will now be held thrice a year, in the month of January, May/June and September.

Posted in Students | 23070 Views

GST Council Meeting Deferred Until Formation of New Government

08 March 2024 at 09:12

In recent months, the GST Council, tasked with pivotal tax-related deliberations, has encountered challenges in adhering to its mandated schedule

Posted in GST | 801 Views

CGST Commissionerate Uncovers Rs 1,000 Crore Tax Credit Fraud, 3 Arrested in Meerut

08 March 2024 at 09:10

Meerut CGST Commissionerate busts syndicate that fraudulently claimed Input Tax Credit of over Rs. 1,000 crore through a network of 232 fake firms, 3 arrested ..

Posted in GST | 870 Views

CBDT Provides Clarity on Finance Act 2023 Provisions for Trust Donations

07 March 2024 at 09:16

CBDT clarifies provisions under Finance Act 2023 relating to donations made by a trust/institution to another trust/institution for purposes of the application of income

Posted in Income Tax | 1 comments | 5472 Views

Centre Petitions Supreme Court for Consolidation of GST Cases by Money Gaming Companies

07 March 2024 at 09:14

The Union Government has initiated legal action by filing a transfer petition before the Supreme Court, aiming to consolidate all pending cases challenging GST notices issued to real money gaming companies across various High Courts.

Posted in GST | 1194 Views