CAclubindia News
324 Businesses Under Scrutiny for Tax Evasion in 'Bill Leyao, Inaam Pao' Initiative
24 February 2024 at 09:01In a recent development, notices have been issued to 324 businesses and retailers suspected of dodging taxes and violating GST provisions.
Biocon Faces Rs 3 Crore Penalty Over GST Reporting Errors
24 February 2024 at 09:00Biocon Ltd, a leading biopharmaceutical company, disclosed in a regulatory filing that it has been served with an order of adjudication, imposing a penalty of Rs 3,03,78,465.
GSTN to Share Data with RBI's Public Tech Platform for Frictionless Credit
24 February 2024 at 08:59In a significant development aimed at facilitating smoother access to credit for businesses, the Government of India has granted permission to the GSTN to share data of GST-registered entities with RBI 'Public Tech Platform for Frictionless Credit'.
ICAI issues May 2024 Guidelines for Continuing the Exhausted Exemptions - Making Exemption/s Permanent
23 February 2024 at 15:11May 2024 Guidelines Issued for Continuing the Exhausted Exemptions - Making Exemption/s Permanent
ICAI President Aims for Over 30 Lakh New CAs by 2047
23 February 2024 at 12:38CA 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.
CBDT Issues Corrigendum Clarifying 6 Changes to ITR Forms ITR-2, ITR-3 and ITR-5 for AY 2024-25
23 February 2024 at 09:11The 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.
Byju's Founder Faces ED Notice Over Rs 9362 Crore FEMA Violation
23 February 2024 at 09:09ED 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.
ICAI President Unveils Plan for UK & Canadian Chartered Accountants to Practice in India
22 February 2024 at 15:03The 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.
ICAI President Unveils Vision for 2024-25 with 'Drishti' Framework
22 February 2024 at 09:13The 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.
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.
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