CAclubindia News

Finance Ministry Considers Adjustment to 45-Day Payment Rule for MSMEs

29 February 2024 at 09:04

The Finance Ministry is deliberating over potential adjustments to a newly proposed income tax rule requiring business enterprises to settle payments to micro, small, and medium enterprises (MSMEs) within 45 days.

Posted in Income Tax | 1 comments | 17805 Views

CBI Arrests CGST Superintendent After Recovering Rs 10,000 Bribe

29 February 2024 at 09:04

https://news.caclubindia.com/gstn-issues-advisory-on-delayed-registration-despite-successful-aadhaar-authentication-under-cgst-rules-23195.asp

Posted in GST | 1 comments | 1773 Views

GSTN Issues Advisory on Delayed Registration Despite Successful Aadhaar Authentication under CGST Rules

29 February 2024 at 09:03

Instances of Delay in registration reported by some Taxpayers despite successful Aadhaar Authentication in accordance with Rule 8 and 9 CGST, Rules, 2017

Posted in GST | 3759 Views

ICAI Introduces 2024 Edition of Excel Utility for Bank Branch Audits

29 February 2024 at 09:02

The Institute of Chartered Accountants of India (ICAI) has launched the latest version of the Excel Utility for Bank Branch Audits in 2024.

Posted in Audit | 8574 Views

Hyderabad YouTube Lecturer Arrested for Defrauding Chartered Accountants of Rs 2.48 Crore

28 February 2024 at 09:11

The Hyderabad police have apprehended Srinath Rathi, a 29-year-old individual running a YouTube channel, on charges of defrauding chartered accountants to the tune of Rs 2.48 crore.

Posted in Others | 5907 Views

Income Tax Department Unveils User Guide for Responding to Notices under e-Verification Scheme, 2021

28 February 2024 at 09:11

The Directorate of Income Tax (Systems) has unveiled Version 3.0.0 of the User Guide for Submitting Response to Notices and Letters Received under the e-Verification Scheme, 2021.

Posted in Income Tax | 5106 Views

RBI Issues Master Direction for Filing of Supervisory Returns

28 February 2024 at 09:09

The Master Direction provides a broader framework to understand the purpose of the returns and harmonises the timelines for their submission.

Posted in Others | 1488 Views

FM Unveils 433% Surge in Capital Expenditure Alongside Strong Tax Revenue Growth

27 February 2024 at 09:09

In a significant announcement on February 22, 2024, FM revealed that the Indian government's robust tax revenue has paved the way for substantial increases in capital expenditure and sustained investment in infrastructure development projects.

Posted in Income Tax | 1620 Views

New e-Verification Scheme-2021 Rolled Out by Income Tax Department to Address Mismatches in Taxpayer Returns

27 February 2024 at 09:08

Income Tax Department has identified certain mismatches between third party information on interest and dividend income, and the Income Tax Return (ITR) filed by taxpayers

Posted in Income Tax | 17403 Views

ICAI to Scrutinize Paytm, Progress Update on BYJU'S Review

26 February 2024 at 15:43

ICAI President disclosed that the FRRB may soon discuss the recent developments surrounding Paytm, alongside its ongoing review of ed-tech giant Byju's accounts due to governance concerns.

Posted in Others | 5208 Views