CAclubindia News
Income Tax Refunds Soar 46.31% to Rs 3.08 Lakh Crore in FY 2024-25 - Finance Ministry
14 December 2024 at 09:10The Ministry of Finance announced a remarkable 46.31% surge in income tax refunds issued during the period of April 1 to November 27 in the financial year 2024-25, compared to the same period in 2023-24.
States Express Mixed Reactions to Proposed GST Rate Rationalisation Ahead of 55th GST Council Meeting
13 December 2024 at 06:25The GoM tasked with GST rate rationalisation has presented proposals that have elicited a mixed response from states, with many expressing concerns about the timing and economic implications of the changes.
CBDT Amends Notification on Tax Exemptions u/s 10(23FE) of Income-tax Act
13 December 2024 at 06:25In a recent development, the Central Board of Direct Taxes (CBDT) issued Notification No. 127/2024 dated December 11, 2024, amending its earlier notification (No. 44/2020) issued on July 6, 2020, under Section 10(23FE) of the Income-tax Act, 1961.
Amit Shah Outlines Key Tax Benefits for Cooperative Societies in Rajya Sabha
13 December 2024 at 06:25The Government of India has taken various initiatives to provide the income tax relief to cooperative societies. This was stated by the Minister of Cooperation, Shri Amit Shah in a written reply to a question in the Rajya Sabha.
Payment Gateways Push for GST Waiver on Small-Value Transactions
13 December 2024 at 06:25Ahead of the GST Council meeting on December 21, payment gateway operators have submitted representations to the finance ministry opposing the proposed 18% GST on commissions earned on digital payments below ₹2,000.
Rs 824 Crore GST Evasion Uncovered in India's Cryptocurrency Sector
12 December 2024 at 09:13The Indian government has identified Goods and Services Tax (GST) evasion worth ₹824.14 crore across 17 cryptocurrency exchanges, as revealed by Minister of State for Finance Pankaj Chaudhary.
Income Tax Review Committee Aims to Simplify IT Act Without Changing Tax Rates
12 December 2024 at 09:13The Income-Tax Review Committee, tasked with overhauling India’s Income Tax Act of 1961, is focusing solely on simplifying the law to make it more concise and user-friendly.
Economic Affairs Secretary Ajay Seth Takes on Additional Role as Revenue Secretary
12 December 2024 at 09:09In a key administrative reshuffle, Economic Affairs Secretary Ajay Seth has been assigned the additional role of Secretary of the Revenue Department, effective immediately, as per a government order issued on Tuesday.
CBIC Extends GSTR-3B Filing Deadline for Murshidabad, West Bengal
11 December 2024 at 09:08In a relief to taxpayers in Murshidabad, West Bengal, the Central Board of Indirect Taxes and Customs (CBIC) has extended the deadline for filing GSTR-3B returns for October 2024.
GST Fraud: Rs 35,132 Crore ITC Evasion Detected, Over 17000 Fake Firms Exposed
11 December 2024 at 09:08In a significant crackdown on Goods and Services Tax (GST) evasion, authorities have identified fraudulent Input Tax Credit (ITC) claims worth ₹35,132 crore, involving 17,818 fake firms, between April and October 2024.
Popular News
- Tax Audit Deadline 2026: Professional Bodies Seek Extension to 31st October
- AIMTPA Seeks Tax Audit & ITR Due Date Extension for AY 2026-27
- MTPA Seeks Tax Audit Deadline Extension: TAR by 31st Oct, ITR by 30th Nov 2026
- Rajasthan HC to Hear Tax Audit Deadline Extension Plea on 25th September
- CBDT Notifies SFT Rules for Depository Transactions Under Income Tax Act 2025
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
