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ICAI President Clarifies Misinterpretation of Finance Minister's Comments on Chartered Accountants

   25 April 2024 at 19:53

In response to recent misinterpretations of remarks made by the Hon'ble Finance Minister during an event in Bengaluru, CA Ranjeet Kumar Agarwal has issued a clarification to ensure the accurate understanding of the Minister's intentions.

Posted in Professional Resource |   849 Views


Cut-off Date for Foundation/Intermediate Course Enrollment for September 2024/January 2025 Exams Unveiled

   25 April 2024 at 08:53

Cut-off date for enrollment in Foundation /Intermediate Course for appearing in September 2024 / January, 2025 Examinations.

Posted in Students |   3579 Views


T. Rabi Sankar re-appointed as RBI Deputy Governor for one year

   25 April 2024 at 08:51

The Central Government has re-appointed Shri T. Rabi Sankar as Deputy Governor, Reserve Bank of India for a period of one year with effect from May 03, 2024, or until further orders, whichever is earlier.

Posted in Others |   72 Views


RBI bans Kotak Mahindra Bank from onboarding new online customers

   24 April 2024 at 18:49

Supervisory Action against Kotak Mahindra Bank Limited under Section 35A of the Banking Regulation Act, 1949

Posted in Others |   219 Views


CBDT Extends PAN-Aadhaar Link Deadline Until 31st May 2024

   24 April 2024 at 11:01

For the transactions entered into upto 31.03.2024 and in cases where the PAN becomes operative (as a result of linkage with Aadhaar) on or before 31.05.2024, there shall be no liability on the deductor/collector

Posted in Income Tax  3 comments |   14025 Views


Proposed Income Tax Act Amendment Targets MSME Dues Tax Treatment

   24 April 2024 at 09:04

A recent alteration in the Income Tax Act, aimed at bolstering small businesses by ensuring timely payments, might have inadvertently deterred potential buyers from engaging with them.

Posted in Income Tax  1 comments |   3390 Views


Income Tax Department Launches Drive to Clear 0.54 Million Appeals

   24 April 2024 at 09:02

As of January 31 this year, a staggering 5,44,205 appeals awaited resolution within the corridors of the Income Tax Department

Posted in Income Tax |   1950 Views


Yes Bank Shares Surge on Receipt of Rs 284.21 Crore Tax Refund

   23 April 2024 at 08:52

Shares of Yes Bank witnessed a significant uptick in early trading today, buoyed by positive developments including a substantial tax refund order and an equity allotment decision.

Posted in Income Tax |   306 Views


Vedanta Faces Rs 3.48 Crore Penalty Over GST ITC Issue

   23 April 2024 at 08:51

In a recent development, mining giant Vedanta has been slapped with a hefty penalty of Rs 3.48 crore by the Office of the Additional Commissioner, GST & Central Excise Commissionerate, Rourkela.

Posted in GST |   297 Views


Supreme Court to Review Rs 33,000 Crore Income Tax Claim on Jaypee Infratech

   22 April 2024 at 08:51

In a pivotal move, the Supreme Court has stepped in to assess the contentious ₹33,000 crore tax claim imposed on Jaypee Infratech Ltd (JIL), marking a crucial juncture in the ongoing legal saga that has left 22,000 homebuyers in limbo.

Posted in Income Tax |   1059 Views