CAclubindia News
Proposed Income Tax Act Amendment Targets MSME Dues Tax Treatment
24 April 2024 at 09:04A recent alteration in the Income Tax Act, aimed at bolstering small businesses by ensuring timely payments, might have inadvertently deterred potential buyers from engaging with them.
Income Tax Department Launches Drive to Clear 0.54 Million Appeals
24 April 2024 at 09:02As of January 31 this year, a staggering 5,44,205 appeals awaited resolution within the corridors of the Income Tax Department
Yes Bank Shares Surge on Receipt of Rs 284.21 Crore Tax Refund
23 April 2024 at 08:52Shares of Yes Bank witnessed a significant uptick in early trading today, buoyed by positive developments including a substantial tax refund order and an equity allotment decision.
Vedanta Faces Rs 3.48 Crore Penalty Over GST ITC Issue
23 April 2024 at 08:51In a recent development, mining giant Vedanta has been slapped with a hefty penalty of Rs 3.48 crore by the Office of the Additional Commissioner, GST & Central Excise Commissionerate, Rourkela.
Supreme Court to Review Rs 33,000 Crore Income Tax Claim on Jaypee Infratech
22 April 2024 at 08:51In a pivotal move, the Supreme Court has stepped in to assess the contentious ₹33,000 crore tax claim imposed on Jaypee Infratech Ltd (JIL), marking a crucial juncture in the ongoing legal saga that has left 22,000 homebuyers in limbo.
RBI Imposes Rs 10 Lakh Penalty on NABFINS Limited for Non-Compliance
22 April 2024 at 08:50In a recent development, the Reserve Bank of India (RBI) has levied a monetary penalty of Rs 10 lakh on NABFINS Limited, a subsidiary of NABARD, citing non-compliance with specific regulations.
Net Direct Tax Collections Surge to Rs. 19.58 Lakh Crore in FY 2023-24
22 April 2024 at 08:49Net Direct Tax collections (provisional) for Financial Year (FY) 2023-24 exceed Union Budget Estimates by Rs. 1.35 lakh crore i.e. by 7.40%
Zomato Faces Rs 11.81 Crore GST Demand and Penalty Order
21 April 2024 at 12:12Food delivery giant Zomato finds itself in the regulatory spotlight after revealing that it has been slapped with a GST demand and penalty order totaling Rs 11.81 crore.
GST Council Considers Exempting Reinsurance from GST
20 April 2024 at 07:49GST Council is gearing up to reevaluate exempting reinsurance business from GST.
CBDT Directs Self-Reporting Organizations to Submit High-Value Transaction Details of FY23 by 30th June
19 April 2024 at 08:58In a recent development, the Central Board of Direct Taxes (CBDT) has issued a directive to Self-Reporting Organizations (SROs) urging them to furnish comprehensive details of high-value transactions conducted during the fiscal year 2022-23.
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