CAclubindia News

GST Clarity for Film Industry: Producers Guild's Four-Year Efforts Yield Victory

24 October 2024 at 08:54

In a landmark decision, the Ministry of Finance has issued a clarification regarding the Goods and Services Tax (GST) applicable to film distribution before October 2021, providing significant relief to the Indian film industry.

Posted in GST | 2148 Views

RBI updates the Alert List of unauthorised forex trading platforms

24 October 2024 at 08:54

The Reserve Bank of India (RBI) has added the following entities/platforms/websites to the Alert List of unauthorised forex trading platforms.

Posted in Others | 579 Views

Leather Company Worker in Ambur Receives Rs 2.3 Crore GST Notice in Fraud Case

24 October 2024 at 08:54

In a shocking incident highlighting the misuse of personal data for tax fraud, Rani Babu, a 58-year-old housekeeper from Ambur, was stunned to receive a GST notice amounting to Rs 2.39 crore from the Commercial Taxes Department in Tiruchy.

Posted in GST | 804 Views

GST Reduction to Make Insurance More Affordable, Says Finance Department Joint Secretary

24 October 2024 at 08:54

The Department of Finance’s Joint Secretary has hinted at a potential reduction in Goods and Services Tax (GST) on life and health insurance premiums, making them more affordable for customers, as per a report.

Posted in GST | 1635 Views

ICAI Announces Extension of MEF 2024-25 upto 25th October 2024

23 October 2024 at 15:13

Professional Development CommitteeThe Institute of Chartered Accountants of India23rd October 2024AnnouncementExtension of MEF 2024-25 upto 25th October 2024 The Institute is in receipt of representations from applicants who could not submit the MEF

Posted in Professional Resource | 429 Views

Income Tax Department Releases Updated Common Offline Utility for Form 3CA-3CD and 3CB-3CD

23 October 2024 at 08:49

The Income Tax Department has launched the latest version (1.3.3) of the common offline utility for Form 3CA-3CD and 3CB-3CD, essential for taxpayers required to submit audit reports under Section 44AB of the Income-tax Act, 1961.

Posted in Income Tax | 594 Views

Income Tax Department Releases Updated ITR-3 Utility Excel-Based Tool

23 October 2024 at 08:48

The Income Tax Department has released an updated version (1.5) of the Excel-based utility for filing ITR-3, catering to individuals and Hindu Undivided Families (HUFs) with income from profits and gains of business or profession.

Posted in Income Tax | 573 Views

Surge in High-Income Taxpayers Reflects Growing Incomes and Compliance

23 October 2024 at 08:48

The number of individuals reporting taxable income exceeding ₹1 crore has seen a dramatic rise, jumping from 44,078 in AY 2013-14 (FY 2012-13) to nearly 2.3 lakh in AY 2023-24 (FY 2022-23).

Posted in Income Tax | 330 Views