CAclubindia News

324 Businesses Under Scrutiny for Tax Evasion in 'Bill Leyao, Inaam Pao' Initiative

24 February 2024 at 09:01

In a recent development, notices have been issued to 324 businesses and retailers suspected of dodging taxes and violating GST provisions.

Posted in GST | 4869 Views

Biocon Faces Rs 3 Crore Penalty Over GST Reporting Errors

24 February 2024 at 09:00

Biocon Ltd, a leading biopharmaceutical company, disclosed in a regulatory filing that it has been served with an order of adjudication, imposing a penalty of Rs 3,03,78,465.

Posted in GST | 4587 Views

GSTN to Share Data with RBI's Public Tech Platform for Frictionless Credit

24 February 2024 at 08:59

In a significant development aimed at facilitating smoother access to credit for businesses, the Government of India has granted permission to the GSTN to share data of GST-registered entities with RBI 'Public Tech Platform for Frictionless Credit'.

Posted in GST | 4491 Views

ICAI issues May 2024 Guidelines for Continuing the Exhausted Exemptions - Making Exemption/s Permanent

23 February 2024 at 15:11

May 2024 Guidelines Issued for Continuing the Exhausted Exemptions - Making Exemption/s Permanent

Posted in Students | 33882 Views

ICAI President Aims for Over 30 Lakh New CAs by 2047

23 February 2024 at 12:38

CA Ranjeet Agarwal set forth an ambitious vision, projecting that India would require over 30 lakh new Chartered Accountants by 2047 to support the nation's economic growth.

Posted in Professional Resource | 7917 Views

CBDT Issues Corrigendum Clarifying 6 Changes to ITR Forms ITR-2, ITR-3 and ITR-5 for AY 2024-25

23 February 2024 at 09:11

The Central Board of Direct Taxes (CBDT) recently released a corrigendum, marked as Notification No. 22/2024 dated February 21, 2024, amending Notification No. 19/2024 dated January 31, 2024.

Posted in Income Tax | 14502 Views

Byju's Founder Faces ED Notice Over Rs 9362 Crore FEMA Violation

23 February 2024 at 09:09

ED has reportedly prolonged its lookout circular (LOC) against Byju Raveendran, the founder of the embattled ed-tech giant Byju's, as part of an ongoing investigation into alleged violations of the FEMA.

Posted in Community & General | 1872 Views

ICAI President Unveils Plan for UK & Canadian Chartered Accountants to Practice in India

22 February 2024 at 15:03

The Institute of Chartered Accountants of India (ICAI) has proposed that Chartered Accountants from the United Kingdom and Canada be permitted to practice in India on a reciprocal basis.

Posted in Professional Resource | 9084 Views

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 | 11142 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 | 2574 Views