CAclubindia News
E-Way Bill Generation Hits Record 10.54 Crore in August
20 September 2024 at 09:14Improved 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).
Finance Ministry Fast-Tracks Income Tax Act Review, Targets January 2025 Deadline
20 September 2024 at 09:12The 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.
Indian Overseas Bank Receives Rs 123.87 Crore Income Tax Refund for AY 2021-22
20 September 2024 at 09:08In 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.
Net Direct Tax Collections Surge 21.48% YoY, Reach Rs 12.01 Lakh Crore by September 2024
19 September 2024 at 14:43For 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.
Tragic Death of Young CA at EY Highlights Toxic Work Culture Debate
19 September 2024 at 11:01The 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.
NFRA Releases Revised SA 600 for Public Consultation to Strengthen Group Audits
19 September 2024 at 09:13The 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.
Zomato Hit with Rs 17.7 Crore GST Demand Order
19 September 2024 at 09:08Online food delivery platform Zomato has received a GST demand order totaling Rs 17.7 crore from the Assistant Commissioner of Revenue, West Bengal.
FM Sitharaman Launches NPS Vatsalya: New Pension Scheme for Parents to Secure Children's Future
19 September 2024 at 08:59Union Finance Minister Smt. Nirmala Sitharaman launches NPS Vatsalya in New Delhi
Income Tax Department Raises Threshold for Filing Appeals in Tribunals and Courts
18 September 2024 at 14:40In 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.
CBDT Issues SOP for Handling Internal Audit Objections
18 September 2024 at 09:20The Central Board of Direct Taxes (CBDT) has issued Instruction No. 2/2024 on September 09, 2024, revising the Standard Operating Procedure (SOP) for handling internal audit objections in tax assessments.
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