CAclubindia News

NFRA Pushes for Global Alignment in Auditing Standards to Boost Investor Confidence

11 December 2024 at 09:07

The NFRA Chairperson, Ajay Bhushan Prasad Pandey, emphasized the urgent need for India to align its auditing standards with global benchmarks to bolster investor confidence, attract funds, and enhance the credibility of financial data.

Posted in Audit | 1 comments | 1551 Views

Budget 2025 Preview: FM Sitharaman's Strategies to Address Inflation and Growth

11 December 2024 at 09:05

In the July 2024 Budget, Finance Minister Nirmala Sitharaman aimed to provide relief to India's middle and lower-income households by widening the income tax slab for zero tax and increasing the standard deduction for salaried individuals.

Posted in Union Budget | 1686 Views

Pre-Budget 2025: MSME Stakeholders Demand GST Cuts, Tech Upgrades and PLI Expansion

10 December 2024 at 09:12

Micro, Small, and Medium Enterprise (MSME) stakeholders urged the government to implement GST reductions, technology upgrades, and extend Production-Linked Incentive (PLI) benefits to various sectors during a pre-Budget meeting with Finance Minister

Posted in GST | 1533 Views

Petroleum Sector's Tax Contribution to Witness Sharp Decline in FY 2024-25

10 December 2024 at 09:08

The sluggish excise duty collections from petroleum and natural gas, combined with the discontinuation of the windfall tax regime in December, indicate a significant drop in the sector's overall tax contribution to the public exchequer for FY25

Posted in Income Tax | 402 Views

Revenue Secretary Sanjay Malhotra Appointed as New RBI Governor

10 December 2024 at 09:04

In a major announcement, Revenue Secretary Sanjay Malhotra has been appointed as the 26th Governor of the Reserve Bank of India (RBI), according to an official notification issued by the Centre's Cabinet Committee on Monday.

Posted in Others | 1488 Views

GSTN Issues Advisory on Difference in Value of Table 8A and 8C of Annual Returns FY 23-24

10 December 2024 at 09:04

As per Notification No 12/2024 Central Tax dated 10th July 2024 read with Notification No.20/2024-Central Tax Dated 8th October 2024, for FY 2023-24 onwards, the total credit available for inwards supplies shall be auto-populated

Posted in GST | 3759 Views

Income Tax Department Conducts Massive Raids in Andaman and Nicobar Islands Over Tax Irregularities

09 December 2024 at 09:12

In a large-scale operation, over 120 officials from the Income Tax (IT) Department are conducting searches at multiple locations across the Andaman and Nicobar Islands.

Posted in Income Tax | 1062 Views

Ajit Pawar and Family Cleared of Benami Property Allegations: Rs 1000 Crore Worth of Assets Released

09 December 2024 at 09:10

In a significant turn of events, Maharashtra Deputy Chief Minister Ajit Pawar and his family have been exonerated of allegations of owning benami properties.

Posted in Income Tax | 2223 Views

Farmer Union Demands GST Exemption and Doubling of PM-Kisan Benefits Ahead of Budget 2025-26

09 December 2024 at 09:06

In a pre-budget consultation meeting with Finance Minister Nirmala Sitharaman on Saturday, the Bharatiya Kisan Union (BKU) (Apolitical) presented a series of demands aimed at alleviating the challenges faced by farmers.

Posted in GST | 1704 Views

Biometric Aadhaar Authentication Now Mandatory for GST Registration in Haryana, Manipur, Meghalaya & Tripura

09 December 2024 at 09:01

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Haryana, Manipur, Meghalaya and Tripura

Posted in GST | 450 Views