CAclubindia News

SpiceJet Discloses Rs 427 Crore Unpaid GST, TDS and PF Dues Since 2020

20 September 2024 at 09:16

Budget airline SpiceJet disclosed on Tuesday that it has not paid statutory dues totalling Rs 427 crore from April 2020 to August 2024 due to severe financial constraints.

Posted in GST | 1626 Views

E-Way Bill Generation Hits Record 10.54 Crore in August

20 September 2024 at 09:14

Improved compliance and stricter enforcement by GST field formations have led to a surge in e-way bill generation, reaching an all-time high of 10.54 crore in August 2024, according to data from the Goods and Services Tax Network (GSTN).

Posted in GST | 486 Views

Finance Ministry Fast-Tracks Income Tax Act Review, Targets January 2025 Deadline

20 September 2024 at 09:12

The Finance Ministry is accelerating efforts to review and simplify the Income Tax Act, 1961, with a target completion date of January 2025, ahead of the Union Budget in February, sources familiar with the matter revealed.

Posted in Income Tax | 3120 Views

Indian Overseas Bank Receives Rs 123.87 Crore Income Tax Refund for AY 2021-22

20 September 2024 at 09:08

In a significant financial development, public sector lender Indian Overseas Bank (IOB) announced on Thursday, September 19, that it has received an order from the Income Tax Department confirming a refund of ₹123.87 crore.

Posted in Income Tax | 693 Views

Net Direct Tax Collections Surge 21.48% YoY, Reach Rs 12.01 Lakh Crore by September 2024

19 September 2024 at 14:43

For the period from April to September 2024, gross direct tax collections have reached Rs 12.01 lakh crore, a significant rise from Rs 9.88 lakh crore collected during the same period in 2023.

Posted in Income Tax | 1743 Views

Tragic Death of Young CA at EY Highlights Toxic Work Culture Debate

19 September 2024 at 11:01

The recent passing of 26-year-old Anna Sebastian Perayil, a newly hired Chartered Accountant at Ernst & Young (EY) in Pune, has ignited a widespread discussion on social media about the prevalence of toxic work environments in India.

Posted in Students | 1 comments | 5349 Views

NFRA Releases Revised SA 600 for Public Consultation to Strengthen Group Audits

19 September 2024 at 09:13

The National Financial Reporting Authority (NFRA) has issued revised Standards on Auditing (SA 600) for public consultation, aiming to strengthen group audits in response to deficiencies highlighted in several corporate fraud cases.

Posted in Audit | 1 comments | 2853 Views

Zomato Hit with Rs 17.7 Crore GST Demand Order

19 September 2024 at 09:08

Online food delivery platform Zomato has received a GST demand order totaling Rs 17.7 crore from the Assistant Commissioner of Revenue, West Bengal.

Posted in GST | 621 Views

FM Sitharaman Launches NPS Vatsalya: New Pension Scheme for Parents to Secure Children's Future

19 September 2024 at 08:59

Union Finance Minister Smt. Nirmala Sitharaman launches NPS Vatsalya in New Delhi

Posted in Income Tax | 2478 Views

Income Tax Department Raises Threshold for Filing Appeals in Tribunals and Courts

18 September 2024 at 14:40

In accordance with the latest circular from the Income Tax Department, it has raised the minimum threshold for filing appeals to the Income Tax Appellate Tribunal (ITAT) and the High Courts and Supreme Court.

Posted in Income Tax | 4656 Views