CAclubindia News
18% or 5% GST: Houseboat Industry Battles Tax Woes
22 November 2024 at 16:42Kerala's houseboat owners facing uncertainty as the GST office demands 18% GST from houseboat owners with a retrospective effect from 2017, causing uncertainty for owners in Alappuzha, Kochi, and Kumarakom.
ICAI Joins Hands with CBSE to Revolutionize Skill-Based Accounting Education
22 November 2024 at 13:05The ICAI through its Committee on Career Counselling signed a MoU with the Department of Skill Education, CBSE on 21st November 2024, at Bhubaneswar, Odisha, to promote commerce-based skill courses for students across the country.
CBDT Mandates e-Filing for Forms 42, 43 and 44
22 November 2024 at 10:48The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has announced the issuance of Notification No. 06/2024, dated 19th November 2024, specifying the forms to be submitted electronically under the Income Tax Rules, 1962.
RBI Warns Banks: Stop Freezing Accounts Over KYC Issues
22 November 2024 at 10:47Banks are freezing accounts for those receiving government funds i.e., Direct Benefit Transfer (DBT) funds such as subsidies, pensions, etc. due to lack of KYC...
Kerala GST Department Revises Adjudication Process for Show Cause Notices
22 November 2024 at 09:14The Kerala GST Department, through Circular No. 21/2024-Kerala SGST issued on November 18, 2024, has introduced a revised framework for adjudicating show cause notices (SCNs) under the Kerala SGST Act, 2017.
FM Nirmala Sitharaman Calls for Affordable Bank Interest Rates to Boost Investments
22 November 2024 at 09:12In a bid to address borrowing challenges and stimulate investment, Finance Minister Nirmala Sitharaman on Monday urged banks to make interest rates "far more affordable."
Income Tax Department Stresses TDS Adherence for Mizos Despite Tax Exemption
22 November 2024 at 09:12In a recent meeting held in Aizawl, the Income Tax Department reaffirmed that Mizos, as indigenous people residing in designated tribal areas, are exempt from income tax under Central Government laws.
State Govt to Announce GST Reimbursement Framework for Handloom Weavers
22 November 2024 at 09:08The Andhra Pradesh government will soon finalize guidelines for GST reimbursement to handloom weavers, announced Handloom and Textiles Minister S. Savitha during an assembly session on Tuesday.
74% of High-End Corporate Taxpayers Favor Real-Time Tax Reporting: Survey
21 November 2024 at 09:04A recent survey has revealed that 74% of India’s top corporate taxpayers are advocating for the Income Tax (I-T) department to enable near real-time reporting and compliance monitoring.
CBDT Grants Income Tax Exemptions to Legal and Aviation Bodies
21 November 2024 at 08:59The CBDT has issued two key notifications under Section 10(46) of the Income-tax Act, 1961, exempting specified income of entities in the legal and aviation sectors from taxation. Notification No. 119/2024
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