CAclubindia News

ICICI Lombard Faces GST Show-Cause Notice worth Rs 288 Crore

25 May 2024 at 09:03

ICICI Lombard General Insurance Company Ltd has been issued a GST show-cause notice amounting to ₹288 crore for the fiscal year 2020, according to a report by CNBC-TV18 shared on X (formerly Twitter) on Thursday.

Posted in GST | 1401 Views

CBDT notifies 363 as Cost Inflation Index for FY 2024-25

25 May 2024 at 09:02

The Central Board of Direct Taxes (CBDT) has officially notified "363" as the Cost Inflation Index (CII) for the financial year 2024-25.

Posted in Income Tax | 4911 Views

MCA Fines Satya Nadella, LinkedIn India and 8 Executives for Violating SBO Norms

24 May 2024 at 09:02

The Corporate Affairs Ministry on Wednesday imposed fines on Microsoft-owned LinkedIn India, its top executives including CEO Satya Nadella, and eight other individuals.

Posted in Corporate Law | 3426 Views

GSTN Issues Letter on CBIC Migration to GSTN Back Office

24 May 2024 at 08:59

The Goods and Services Tax Network (GSTN) has issued a significant letter (F. No. GSTN/PMO/CBIC/2023 dated May 22, 2024) to the Chief Commissioner/Commissioner of State Taxes.

Posted in GST | 1650 Views

Tea-Seller Faces Rs 49 Crore IT Penalty Due to Fraudulent Transactions by Longtime Customers

23 May 2024 at 08:48

In 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.

Posted in Income Tax | 13521 Views

FM Nirmala Sitharaman urges ICAI to set up 'Big 4'- like Indian Firm

23 May 2024 at 08:47

In 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.

Posted in Professional Resource | 1 comments | 10266 Views

RBI Announces Record Dividend of Rs 2.11 Lakh Crore To Government

23 May 2024 at 08:46

RBI approved the transfer of Rs 2,10,874 crore as surplus to the Central Government for the accounting year 2023-24.

Posted in Community & General | 663 Views

Income Tax Raid in Agra Uncovers Nearly Rs 60 Crore Cash from Shoe Trader's Residence

22 May 2024 at 09:00

In 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,

Posted in Income Tax | 4941 Views

Businessman arrested in Rs 263 Crore Income Tax Refund Fraud

22 May 2024 at 09:01

Directorate 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.

Posted in Income Tax | 1773 Views

ICAI Hosts Academia Meet to Accelerate Discovery through Collaborative Research Initiatives

21 May 2024 at 08:58

ICAI 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.

Posted in Students | 396 Views