CAclubindia News

Income Tax Department Releases Updated Utilities and Schema for ITR-7 Filing

26 October 2024 at 08:49

The Income Tax Department has released the latest version of utilities and schema for filing ITR-7, applicable to persons, including companies, required to furnish returns under sections 139(4A), 139(4B), 139(4C), and 139(4D)

Posted in Income Tax | 645 Views

Loan Limit Under PMMY Doubled to Rs 20 Lakh for Small Businesses

26 October 2024 at 08:45

Loan limit under Pradhan Mantri Mudra Yojana (PMMY) increased to Rs.20 lakh from the current Rs.10 lakh

Posted in Corporate Law | 1 comments | 747 Views

CA Foundation & Intermediate September 2024 Results likely to be declared on 30th October 2024

26 October 2024 at 08:45

The results of the Chartered Accountants Intermediate and Foundation Examinations held in September 2024 are likely to be declared on Wednesday, the 30th October 2024

Posted in Students | 1092 Views

Massive GST Raid in Thrissur: 104 kg of Unaccounted Gold Seized by Officials in Kerala

25 October 2024 at 08:53

In a surprise operation, the State GST (SGST) department conducted one of Kerala's largest-ever raids on gold jewellers in Thrissur, seizing 108kg of gold linked to tax evasion.

Posted in GST | 1656 Views

Number of High-Income Taxpayers in India Rises Fivefold in a Decade

25 October 2024 at 08:51

The number of Indian taxpayers with taxable incomes exceeding ₹1 crore has surged more than fivefold, reaching nearly 2.3 lakh in the assessment year (AY) 2023-24, compared to just 44,078 in AY 2013-14, according to a report. This significant rise re

Posted in Income Tax | 1785 Views

AMMK General Secretary Urges Central Government to Abolish 18% GST on Cable TV Services

25 October 2024 at 08:48

AMMK General Secretary TTV Dhinakaran has called for the central government to eliminate the 18% GST on cable TV services, emphasizing the need for more affordable access to television.

Posted in GST | 1278 Views

GST Clarity for Film Industry: Producers Guild's Four-Year Efforts Yield Victory

24 October 2024 at 08:54

In a landmark decision, the Ministry of Finance has issued a clarification regarding the Goods and Services Tax (GST) applicable to film distribution before October 2021, providing significant relief to the Indian film industry.

Posted in GST | 2295 Views

Leather Company Worker in Ambur Receives Rs 2.3 Crore GST Notice in Fraud Case

24 October 2024 at 08:54

In a shocking incident highlighting the misuse of personal data for tax fraud, Rani Babu, a 58-year-old housekeeper from Ambur, was stunned to receive a GST notice amounting to Rs 2.39 crore from the Commercial Taxes Department in Tiruchy.

Posted in GST | 927 Views

RBI updates the Alert List of unauthorised forex trading platforms

24 October 2024 at 08:54

The Reserve Bank of India (RBI) has added the following entities/platforms/websites to the Alert List of unauthorised forex trading platforms.

Posted in Community & General | 753 Views

GST Reduction to Make Insurance More Affordable, Says Finance Department Joint Secretary

24 October 2024 at 08:54

The Department of Finance’s Joint Secretary has hinted at a potential reduction in Goods and Services Tax (GST) on life and health insurance premiums, making them more affordable for customers, as per a report.

Posted in GST | 1752 Views