CAclubindia News

ICAI President Unveils Vision for 2024-25 with 'Drishti' Framework

22 February 2024 at 09:13

The newly elected President of the Institute of Chartered Accountants of India (ICAI) CA. Ranjeet Kumar Agarwal, shared his vision at a press conference held in New Delhi.

Posted in Professional Resource | 11085 Views

Personal Income Tax Collection to Surpass Corporate Income Tax for Second Consecutive Year

22 February 2024 at 09:10

Data from the Income Tax department has revealed a significant shift in the tax landscape, with Personal Income Tax (PIT) set to outpace Corporate Income Tax (CIT) for the second consecutive year.

Posted in Income Tax | 2523 Views

MCA Implements Section 33 of the Competition (Amendment) Act, 2023

21 February 2024 at 09:04

The Ministry of Corporate Affairs (MCA) has taken a significant step towards bolstering India's competition regulatory framework with the enforcement of Section 33 of the Competition (Amendment) Act, 2023.

Posted in Corporate Law | 8556 Views

Income Tax Department to Issue Notices to Non-Filers and TDS Deductees

21 February 2024 at 09:03

The Income Tax Department is gearing up to take stringent action against individuals who have failed to file their Income Tax Returns (ITRs) and those whose taxes have been deducted at source (TDS) but have not filed their returns.

Posted in Income Tax | 7740 Views

GSTN launches revamped e-invoice master information portal

21 February 2024 at 09:03

Advisory: Enhanced E-Invoicing Initiatives & Launch of Enhanced https://einvoice.gst.gov.in portal

Posted in GST | 19374 Views

CBDT Announces Waiver of Pending Tax Demands up to Rs 1 Lakh per Individual

20 February 2024 at 10:04

The Central Board of Direct Taxes (CBDT) has issued an Order, bearing reference number F. No. 375/02/2023-IT-Budget and dated February 13, 2024, detailing the remission and extinguishment of specific outstanding direct tax demands.

Posted in Income Tax | 35985 Views

GST's Impact: Officer Affirms Nearly Resolved Tax Avoidance Issue

20 February 2024 at 09:08

Assistant Commissioner of Commercial Tax, Mahesh Patil, lauded the Goods and Services Tax (GST) as a monumental achievement in India's tax history, asserting its transformative impact on tax collection mechanisms.

Posted in GST | 2259 Views

NFRA Initiates First Annual Inspection of Key Audit Firms by April 2024

20 February 2024 at 09:07

The National Financial Reporting Authority (NFRA) is set to embark on its inaugural annual review of prominent auditing organizations, including the industry's behemoths known as the Big Five.

Posted in Audit | 7086 Views

LIC Receives Rs 21,740 Crore Tax Refund from Income Tax Department

19 February 2024 at 09:04

Life Insurance Corporation of India (LIC) has garnered a significant tax refund of Rs 21,740.77 crore from the Income Tax Department for assessment years spanning from 2013 to 2020.

Posted in Income Tax | 3273 Views