CAclubindia News

Trade Bodies and Tax Professionals Call for GST Reforms in Union Budget 2025

31 December 2024 at 09:12

As the Union Budget 2025 approaches, trade associations and tax professionals have voiced their expectations for significant changes to the Goods and Services Tax (GST) framework.

Posted in GST | 1749 Views

Govt to Focus on Simplifying Tax Policies in 2025

31 December 2024 at 09:12

As India enters the New Year, the government has prioritized the simplification of direct and indirect tax policies, aiming to reduce compliance burdens and foster a taxpayer-friendly environment.

Posted in Income Tax | 1917 Views

CBDT Extends Deadline for Tax Payable Calculation Under Vivad Se Vishwas Scheme, 2024 to 31st January 2025

31 December 2024 at 09:10

In a significant relief for taxpayers, the CBDT, through Circular No. 20/2024 dated Dec 30, 2024, has extended the due date for determining the payable amount under column (3) of the Table in section 90 of the Direct Tax Vivad Se Vishwas Scheme, 2024.

Posted in Income Tax | 2952 Views

ICAI successfully Concludes 26th Council and 25th Regional Councils Elections

31 December 2024 at 09:09

The Institute of Chartered Accountants of India (ICAI) successfully conducted elections for its 26th Council and 25th Regional Councils on December 6th and 7th, 2024.

Posted in Professional Resource | 459 Views

ICAI Extends CPE Hours Compliance Deadline for 2024 to 28th February 2025

30 December 2024 at 13:40

ICAI extends the last date for CPE hours' compliance for the calendar year 2024 from 31st December 2024 to 28th February 2025. Stay updated and ensure timely compliance!

Posted in Professional Resource | 4953 Views

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 | 585 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 | 3279 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 | 1131 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 | 1191 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 | 5034 Views