CAclubindia News

Income Tax Department Set to Issue Rs 25,000 Crore Tax Notices to Insurers Over Alleged Evasion

10 February 2024 at 16:39

The Income Tax Department is set to send demand notices totaling Rs 25,000 crore to several insurance companies by the end of March.

Posted in Income Tax | 15153 Views

ICAI's Annual Function Sparkles with Hon'ble Speaker Shri Om Birla's Inauguration, Draws 1500 Members

10 February 2024 at 16:42

ICAI's Annual Function inaugurated by Chief Guest Shri Om Birla, Hon'ble Speaker, Lok Sabha Attended by 1500 Members

Posted in Professional Resource | 3744 Views

GST Rate Rationalization Expected After Lok Sabha Polls, Says FinMin Official

10 February 2024 at 09:30

A senior official from the Finance Ministry has disclosed that any substantial changes in the Goods and Services Tax (GST) rates are likely to be postponed until after the upcoming Lok Sabha elections

Posted in GST | 3252 Views

Taxpayers on Notice: CBDT Chairman Targets Non-filers for Income Tax Returns

10 February 2024 at 09:30

The Income Tax Department in India, under the leadership of Nitin Gupta, Chairman of the CBDT, is gearing up to issue notices to individuals who have failed to file tax returns despite having taxes deducted at the source from their incomes

Posted in Income Tax | 6981 Views

Supreme Court Upholds CA Misconduct Rule: Board Empowered to Refer Cases to Disciplinary Committee

09 February 2024 at 10:05

In a landmark decision on Thursday, February 8, the Supreme Court of India made a significant ruling regarding the Chartered Accountants' (Procedure of Investigation of Professional and Other Misconduct and Conduct of Cases) Rules, 2007.

Posted in Professional Resource | 7701 Views

MCA Extends Deadline and Waives Fees for LLP BEN-2 and Form No. 4D Filings

09 February 2024 at 09:18

MCA has taken a significant step to ease compliance burdens on LLPs by providing relaxation in additional fees and extending the deadline for filing Form No. LLP BEN-2 and LLP Form No. 4D under the Limited Liability Partnership Act, 2008.

Posted in Corporate Law | 7023 Views

Gujarat's GST Evasion: Over 9,000 Cases Reported in Last 4 Years

09 February 2024 at 09:17

Gujarat, often heralded as the epicenter of the business community, is grappling with a significant surge in Goods and Service Tax (GST) evasion cases, reaffirming its pivotal role in the nation's economic landscape.

Posted in GST | 2829 Views

RBI Expected to Provide Clarification on Paytm Services, Says Financial Services Secretary

09 February 2024 at 09:16

The Reserve Bank of India (RBI) is deliberating on potential actions regarding Paytm Payments Bank (Paytm PB) following regulatory non-compliance issues

Posted in Community & General | 2703 Views

Over 2.16 Lakh Individuals Earn Above Rs 1 Crore in AY 2023-24

09 February 2024 at 09:16

The latest data presented in Parliament by Minister of State for Finance Pankaj Chaudhary has revealed a remarkable surge in the count of individuals earning more than Rs 1 crore annually in India

Posted in Income Tax | 6771 Views