CAclubindia News

Gross Direct Tax collections for FY 2023-24 register a growth of 18.74%

20 March 2024 at 09:01

Advance Tax collections for the FY 2023-24 stand at Rs. 9,11,534 crore which shows a growth of 22.31%. Refunds aggregating to Rs. 3,36,808 crore issued in the current fiscal.

Posted in Income Tax | 2241 Views

CBDT Orders Opening of Income Tax Offices on March 29-31, 2024 for Pending Work Clearance

19 March 2024 at 09:06

The Central Board of Direct Taxes (CBDT) has issued an order on March 18, 2024, mandating the opening of all Income Tax Offices across India on March 29, 30, and 31, 2024.

Posted in Income Tax | 5097 Views

CBDT Issues Circular to Streamline Appeal Filings, Aiming to Reduce Litigation

19 March 2024 at 09:05

CBDT has released Circular No. 5/2024 dated March 15, 2024, under Section 268A of the Income-tax Act, 1961, presenting comprehensive guidelines for the Department's appeal filings before various judicial bodies

Posted in Income Tax | 4998 Views

Income Tax Department Releases JSON Schema for ITR 1 and ITR 4 for AY 2024-25

19 March 2024 at 09:04

The Income Tax Department has announced the release of JSON Schema for Income Tax Return (ITR) forms 1 and 4 for the Assessment Year 2024-25, corresponding to the Financial Year 2023-24.

Posted in Income Tax | 1002 Views

CBDT Specifies Press Trust of India Limited for Tax Exemption u/s 10(22B) for AYs 2022-2023 to 2023-2024

18 March 2024 at 09:12

CBDT has notified "The Press Trust of India Limited, New Delhi" for the purpose of Section 10(22B) of the Income Tax Act, providing the organization with tax exemption benefits for the assessment years 2022-2023 to 2023-2024.

Posted in Income Tax | 858 Views

ICAI Announces Revised Applicability of Peer Review Mandate (Phase II & III)

18 March 2024 at 09:11

Considering the requests from Practice Units, the Council decided that the applicability of the Peer Review Mandate for the Practice Units covered under Phase II and III is extended

Posted in Professional Resource | 5649 Views

Revised Schedule of CA May 2024 Exams to be issued on 19th March

16 March 2024 at 18:02

The Institute of Chartered Accountants of India issued the detailed revised schedule of May 2024 Examinations on 19th March 2024.

Posted in Students | 12567 Views

ICAI releases a Handbook on Compliances of GST in Banking Sector

16 March 2024 at 07:47

The Handbook is bought with a view to help members to examine and substantiate GST compliance by banks specially while doing the Bank Branch/ Central Statutory and Concurrent Audit.

Posted in GST | 3501 Views

CBDT Allows E-filing of Modified Returns for Successor Companies

15 March 2024 at 09:05

CBDT has released an order dated March 13, 2024, in accordance with section 119 of the Income-tax Act, 1961, aimed at providing assistance to successor companies

Posted in Income Tax | 3522 Views