CAclubindia News

FM Sitharaman Urges Clarity on GST Classification-Related Issues

05 March 2024 at 15:01

FM Nirmala Sitharaman, in a recent address at the National Conference of Enforcement Chiefs of the State and the Central GST Formations, emphasized the necessity for clarity on classification-related issues within the GST framework.

Posted in GST | 4686 Views

Udyam Assist Platform Registers 1.50 Crore Informal Micro Enterprises in Last 14 Months

05 March 2024 at 15:00

Udyam Assist Platform was launched by the Ministry of Micro, Small and Medium Enterprises on 11th January 2023 to facilitate registration of Informal Micro Enterprises (IMEs) through generation of Udyam Assist Certificate.

Posted in Corporate Law | 348 Views

Income Tax Department Enables Online Filing for Form I SWF

05 March 2024 at 14:58

The Income Tax Department released an update notifying taxpayers of the enabling of online filing for Form I SWF.

Posted in Income Tax | 795 Views

Income Tax Department Urges Taxpayers to File ITR-U for AY 2021-22 by 31st March 2024

05 March 2024 at 09:01

Last date for filing of updated returns (ITR-U) for A.Y. 2021-22 (i.e. for F.Y. 2020-21) is 31.03.2024

Posted in Income Tax | 1 comments | 4833 Views

Finance Ministry Expected to Delay 45-Day Payment Rule for MSMEs Until April 2025

05 March 2024 at 08:57

Sources reveal that the Finance Ministry is contemplating a deferment of the enforcement of Rule 43B (h) under the Income Tax Act, which necessitates payments to micro, small, and medium enterprises (MSMEs) within 45 days.

Posted in Income Tax | 4 comments | 17994 Views

FM Sitharaman Leads Groundbreaking GST Enforcement Conference, Paving the Way for Transparent Tax System

05 March 2024 at 08:56

Union Finance Minister Smt. Nirmala Sitharaman inaugurates first-ever National Conference of Enforcement Chiefs of the State and the Central GST Formations in New Delhi

Posted in GST | 747 Views

Chartered Accountant Defrauded of Rs 4.11 Crore In Investment Scam

04 March 2024 at 09:12

The Kurar Police has initiated legal action against individuals accused of defrauding a chartered accountant, Pradeep Parameshwarlal Banka, to the tune of Rs 4.11 crore.

Posted in Union Budget | 4722 Views

CBDT Notifies ITR-7 Form for AY 2024-25

04 March 2024 at 09:09

The Central Board of Direct Taxes (CBDT) has recently announced the notification of Income-tax Return (ITR) Form 7 for the Assessment Year (AY) 2024-25, completing the suite of forms necessary for taxpayers to file their returns.

Posted in Income Tax | 3819 Views

NEFT Achieves New Milestone of 4.10 Crore Daily Transactions

04 March 2024 at 09:07

NEFT system has achieved a milestone on February 29, 2024, by processing 4,10,61,337 transactions, the highest number of transactions processed in a day so far...

Posted in Others | 219 Views

CBDT Allows Processing of E-Filed ITRs for Refunds Beyond Deadline in Non-Scrutiny Cases

02 March 2024 at 14:02

Processing of returns of income validly filed electronically with refund claims under section 143(1) of the Income-tax Act, 1961 beyond the prescribed time limits in non-scrutiny cases

Posted in Income Tax | 4962 Views