CAclubindia News


GST Rate Tweaks, Direct Tax Code: High Stakes for New Revenue Secretary

   30 December 2024 at 09:06

Dr. Arunish Chawla, a seasoned IAS officer of the 1992 Bihar cadre, assumed the role of Revenue Secretary in the Ministry of Finance on Thursday. A distinguished economist with a Master's and Doctorate from the London School of Economics, Chawla brin

Posted in Income Tax |   567 Views


Income Tax Portal Introduces Direct Filing of Rectification Applications u/s 154 with the AO

   30 December 2024 at 09:05

In a significant move to enhance taxpayer convenience, the Income Tax Portal now enables taxpayers to file Rectification Applications under Section 154 directly with the Assessing Officer (AO) for assessment orders they issued.

Posted in Income Tax  1 comments |   3249 Views


Deadline for Amnesty Scheme 2024 to Resolve Pre-GST Tax Arrears Ends 31st Dec

   30 December 2024 at 09:04

The State GST Department has reminded taxpayers that the deadline to apply for the Amnesty Scheme 2024, aimed at resolving decades-old tax arrears under pre-GST tax regimes, is December 31, 2024.

Posted in GST |   1104 Views


GSTN Issues Advisory on Waiver Scheme Under Section 128A: Key Details for Taxpayers

   30 December 2024 at 09:03

Advisory for Waiver Scheme under Section 128A

Posted in GST |   1146 Views


ICAI Announces Members Elected to the 25th Regional Councils

   28 December 2024 at 12:54

In a significant development for the Chartered Accountant community, the Institute of Chartered Accountants of India (ICAI) has officially released the list of members elected to the 25th Regional Councils.

Posted in Professional Resource |   4977 Views


Ministry of Finance Year Ender 2024: Department of Expenditure

   28 December 2024 at 09:10

The Department of Expenditure (DoE), Ministry of Finance, has consistently advanced fiscal governance and public welfare through innovative financial management and policy reforms.

Posted in Others |   384 Views


Finance Ministry Intensifies Efforts to Combat Tax Evasion with Surveys and Targeted Investigations

   28 December 2024 at 09:01

The Ministry of Finance has confirmed its continued efforts to combat tax evasion, with surveys being conducted under Section 133A of the Income-tax Act, 1961. ..

Posted in Income Tax |   1386 Views


PIL Filed in Supreme Court Seeks Scrapping of TDS System

   28 December 2024 at 09:01

A PIL filed in the SC on Thursday has called for the scrapping of the TDS system under the Income Tax Act, labelling it as "arbitrary and irrational"

Posted in Income Tax |   2451 Views


GST on Caramel Popcorn in Theatres Remains at 5%, Govt Clarifies

   28 December 2024 at 09:01

Amid social media uproar over an 18% GST allegedly being imposed on caramelized popcorn, government sources clarified on Tuesday that popcorn sold in theatres will continue to attract a GST rate of 5%.

Posted in GST |   3666 Views


ICAI Releases Admit Cards for January 2025 CA Exams

   27 December 2024 at 16:02

The Institute of Chartered Accountants of India (ICAI) has released the admit cards for the January 2025 Foundation and Intermediate exams. Here's a step-by-step guide to help you download your admit card seamlessly: Steps to Download the Admit Cards

Posted in Students |   2613 Views