CAclubindia News
Tea-Seller Faces Rs 49 Crore IT Penalty Due to Fraudulent Transactions by Longtime Customers
23 May 2024 at 08:48In a shocking turn of events, Khemraj Dave, a humble tea-seller from Patan, has found himself entangled in a massive financial fraud, leading to an astonishing penalty notice from the Income Tax (IT) department.
FM Nirmala Sitharaman urges ICAI to set up 'Big 4'- like Indian Firm
23 May 2024 at 08:47In a dynamic call to action, Finance Minister Nirmala Sitharaman on Tuesday urged the Bihar chapter of the Institute of Chartered Accountants of India (ICAI) to spearhead the creation of a formidable Indian auditing firm.
RBI Announces Record Dividend of Rs 2.11 Lakh Crore To Government
23 May 2024 at 08:46RBI approved the transfer of Rs 2,10,874 crore as surplus to the Central Government for the accounting year 2023-24.
Income Tax Raid in Agra Uncovers Nearly Rs 60 Crore Cash from Shoe Trader's Residence
22 May 2024 at 09:00In a significant crackdown on tax evasion, the Income Tax Department conducted a series of raids in Agra on Saturday, May 18. Nearly ₹60 crore in cash was recovered from premises linked to a prominent shoe trader,
Businessman arrested in Rs 263 Crore Income Tax Refund Fraud
22 May 2024 at 09:01Directorate of Enforcement (ED), Mumbai Zonal Office has arrested one Rajesh Brijlal Batreja on 16.05.2024 under the provisions of Prevention of Money Laundering Act (PMLA), 2002 in case of Income Tax Refund fraud of Rs. 263 Crore.
ICAI Hosts Academia Meet to Accelerate Discovery through Collaborative Research Initiatives
21 May 2024 at 08:58ICAI through its Research Committee has organised the Academia Meet on 17th May 2024 with Universities / Institutions to facilitate a platform for interaction and knowledge exchange between esteemed academicians to foster research advancements.
GST Council Unlikely to Revoke 28% Tax on Online Gaming Industry
21 May 2024 at 08:59As the online gaming industry eagerly awaits a review of the 28% Goods and Services Tax (GST) imposed on the sector, the GST Council appears unlikely to roll back the levy.
Income Tax Officer Loses Rs 48,902 in Online Reward Points Fraud
20 May 2024 at 09:04A 48-year-old IRS officer with the Income Tax Department fell victim to an online reward points fraud, losing Rs 48,902.
SEBI Eases KYC Formalities for Mutual Funds: PAN-Aadhaar Link Rule Withdrawn
20 May 2024 at 09:02Mutual fund investors can breathe easy for now. The capital market regulator, SEBI, has withdrawn the requirement to link PAN with Aadhaar for obtaining 'KYC registered' status for mutual fund transactions.
Retired Chartered Accountant Loses Over Rs 1.97 Crore in Online Stock Market Fraud
20 May 2024 at 09:01An investigation has been initiated after Madhukant Patel, an 88-year-old retired Chartered Accountant from Ahmedabad, reportedly lost Rs 1.97 crore in an alleged stock trading cyber fraud, according to the police.
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