CAclubindia News

Repo Rate Unchanged at 6.5% as RBI Elevates FY25 GDP Growth Outlook to 7.2%

07 June 2024 at 15:55

RBI keeps repo rate unchanged, hikes FY25 GDP growth forecast

Posted in Others | 387 Views

Major Relief for Taxpayers: CPC (TDS) Reprocesses TDS Returns for FY 2023-24

07 June 2024 at 09:20

In a notable development, the Centralized Processing Cell (TDS) has reprocessed TDS returns for the fiscal year 2023-24, effectively removing short deduction demands.

Posted in Income Tax | 15741 Views

MCA Collaborates with Bharat Kosh to Resolve Payment Issues on MCA 21 Portal

07 June 2024 at 09:18

In a proactive effort to address recent payment issues on the MCA 21 Portal, the Ministry of Corporate Affairs (MCA) technical team has partnered with Bharat Kosh.

Posted in Corporate Law | 738 Views

MSME Portal Temporarily Halts Udyam Registration and Migration Amid Technical Upgrades

07 June 2024 at 09:17

The MSME Government Portal has informed all users that the registration and migration services via the Udyam Portal are temporarily halted due to technical issues.

Posted in Corporate Law | 1368 Views

Supreme Court's Verdict on Tax Audit Limits: Implications for CAs and MSMEs

06 June 2024 at 14:50

The Hon'ble Supreme Court of India delivered a significant judgment on May 17, 2024 in the case related to Tax audit limit under Section 44AB of Income Tax Act,1961

Posted in Professional Resource | 1098 Views

RBI: Rs 7755 Crore in Rs 2000 Notes Still with Public

06 June 2024 at 08:56

The total value of ₹2000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of ₹2000 banknotes was announced, has declined to ₹7755 crore at the close of business on May 31, 2024.

Posted in Others | 432 Views

CBIC Chairperson inaugurates GST Bhawan at Rohtak, Haryana

06 June 2024 at 08:50

Shri Sanjay Kumar Agarwal, Chairman, Central Board of Indirect Taxes and Customs (CBIC), inaugurated the GST Bhawan, an official complex of CGST Rohtak Commissionerate at Rohtak, Haryana.

Posted in GST | 393 Views

Admit Card for CA Foundation June 2024 Exams Released

05 June 2024 at 15:56

The Institute of Chartered Accountants of India (ICAI) has officially released the CA Foundation Admit Card 2024 for the upcoming June examination.

Posted in Students | 2475 Views

CBDT Amends Form 27Q: Introduces Note 7A for Lower/No TDS Information

05 June 2024 at 08:57

CBDT has issued a new notification announcing further amendments to the Income-tax Rules, 1962. Officially termed the Income-tax (Sixth Amendment) Rules, 2024, these changes will take effect on July 1st, 2024.

Posted in Income Tax | 6942 Views

CBIC: No Recovery Actions Allowed Within Three Months of Tax Notice

05 June 2024 at 08:56

In an important directive aimed at refining tax recovery procedures, the Central Board of Indirect Taxes and Customs (CBIC) has issued new instructions to its field formations regarding the recovery of tax demands from businesses.

Posted in GST | 5454 Views