CAclubindia News

Section 43B: Deductible Expenses Beyond MSME Payments

13 May 2024 at 08:57

Section 43B of the Income Tax Act, 1961, stands as a critical component shaping the financial landscape for businesses and professionals in India.

Posted in Income Tax | 1002 Views

Supreme Court: GST Officers Require Verifiable Material, Not Mere Suspicion Before Arrest

13 May 2024 at 08:57

The Supreme Court of India witnessed a significant legal debate on May 9th, 2024, concerning the legality of arrest powers granted to officers under the Customs Act and GST Act.

Posted in GST | 3318 Views

ITR-3 Excel, Offline & Online Utility for AY 2024-25 Now Accessible for Filing

11 May 2024 at 09:05

Excel, Offline and Online Utility of ITR-3 for AY 2024-25 is available for filing.

Posted in Income Tax | 774 Views

MCA Seeks Feedback On Review of Rules specified under the Chartered Accountants Act, 1949

11 May 2024 at 09:04

The Ministry of Corporate Affairs has initiated a public consultation process to review the rules specified under the Chartered Accountants Act, 1949.

Posted in Corporate Law | 2445 Views

RBI appoints Shri R. Lakshmi Kanth Rao as new Executive Director

11 May 2024 at 09:03

The Reserve Bank of India (RBI) has appointed Shri R. Lakshmi Kanth Rao as Executive Director (ED) with effect from May 10, 2024.

Posted in Others | 270 Views

Former GST Official Sentenced to 3 Years in Bengaluru Bribery Case

10 May 2024 at 08:47

The Special Judge for CBI cases in Bengaluru has delivered a verdict in the case involving Jitendra Kumar Dagur, the former Superintendent of Central Excise and Central Tax (GST).

Posted in GST | 813 Views

Supreme Court Directs Centre to Avoid Coercion in GST Recovery Operations

09 May 2024 at 17:36

The Supreme Court issued a significant directive to the Centre on Wednesday, emphasizing the avoidance of coercion and threats in Goods and Services Tax (GST) recovery operations.

Posted in GST | 3414 Views

Over 800,000 Income Tax Returns Filed for AY 2024-25

09 May 2024 at 09:15

The Central Board of Direct Taxes (CBDT) has reported a significant surge in tax return filings for Assessment Year 2024-25, with over 800,000 returns already submitted since April 1, 2024.

Posted in Income Tax | 4179 Views

MCA Extends LLP Filing Deadline and Relaxes Additional Fees for Form No. LLP BEN-2 and LLP Form No. 4D

09 May 2024 at 09:14

MCA has announced a significant relaxation in additional fees and an extension of the last filing date for Form No. LLP BEN-2 and LLP Form No. 4D under the Limited Liability Partnership Act, 2008.

Posted in Corporate Law | 3372 Views