CAclubindia News

CBDT Pushes for Swift Review of Income-Tax Act: Officers to Station in Delhi

02 December 2024 at 09:02

In a significant step towards the modernization of India's direct tax laws, the CBDT has instructed 28 officers involved in the comprehensive review of the six-decade-old Income-tax Act to work from Delhi between December 2 and December 27.

Posted in Income Tax | 4545 Views

CBDT Extends ITR Filing Deadline for Taxpayers u/s 92E to 15th December 2024

30 November 2024 at 15:43

In a major relief to taxpayers, the Central Board of Direct Taxes (CBDT) has announced an extension of the due date for filing Income Tax Returns (ITRs) for Assessment Year (AY) 2024-25.

Posted in Income Tax | 4563 Views

FM Sitharaman Urges Tech Upgrades in RRBs for Better Efficiency

30 November 2024 at 09:14

Union Finance Minister emphasises importance of accelerating technology upgradation in RRBs the region to enhance efficiency and service delivery

Posted in Corporate Law | 537 Views

Women Tax Filers Surge by 25.3% In Four Years

30 November 2024 at 09:16

The number of women filing income-tax returns (ITRs) in India has seen a significant rise over the last five years, signaling increased economic empowerment.

Posted in Income Tax | 1755 Views

Finance Ministry Issues Corrigendum to Amend GSTAT State Bench Jurisdictions

30 November 2024 at 09:13

The Ministry of Finance, Department of Revenue, has issued a Corrigendum (F. No. A-50050/99/2024-GSTAT-DOR) dated November 29, 2024, revising its earlier notification from November 26, 2024. The corrigendum amends the jurisdiction of State Benches of

Posted in GST | 1902 Views

GSTN Issues Advisory On E-Invoice Glossary and Steps

30 November 2024 at 09:12

GSTN has prepared an informative resource in the form of an e-invoice glossary and a step-by-step guide for your reference.

Posted in GST | 4143 Views

Petroleum Ministry Pushes for Natural Gas Under GST

30 November 2024 at 09:11

The Ministry of Petroleum and Natural Gas has proposed including natural gas in the Goods and Services Tax (GST) framework, a move aimed at streamlining taxation and benefiting key industries like fertilizers and steel.

Posted in GST | 1164 Views

India's Fiscal Deficit for FY25 Likely to Be Lower at 4.75% of GDP

29 November 2024 at 09:03

India's fiscal deficit for the financial year 2024-25 is projected to be 4.75% of the gross domestic product (GDP), 19 basis points (bps) lower than the budget estimate of 4.9%, according to India Ratings and Research (Ind-Ra).

Posted in Income Tax | 621 Views

GST Collections in Nov 2024 Likely to Surpass Rs 1.87 Lakh Crore, Driven by Festive Demand

29 November 2024 at 09:01

Goods and Services Tax (GST) revenue for November 2024 is expected to surpass October's collection of Rs 1.87 lakh crore, according to a senior government official.

Posted in GST | 1083 Views

Personal Income Tax Collections Plays Key Role in H1 FY25 Revenue Growth

29 November 2024 at 09:01

Personal income tax collections emerged as a critical driver of government revenues in the first half of fiscal 2025, counterbalancing subdued growth in corporate tax and other indirect tax components

Posted in Income Tax | 1824 Views