CAclubindia News

NFRA Unveils Audit Quality Lapses in Big 4 Network Entities

23 December 2023 at 15:19

National Financial Reporting Authority (NFRA) Unveils Audit Quality Inspection Findings on Deloitte, PwC, EY, and KPMG Network EntitiesThe National Financial Reporting Authority (NFRA) has disclosed a series of deficiencies in the auditing-related ac

Posted in Audit | 7470 Views

CBDT notifies ITR Forms ITR-1 and ITR-4 for AY 2024-25

23 December 2023 at 07:07

Central Board of Direct Taxes (CBDT) has issued Notification No. 105/2023 dated December 22, 2023, introducing the Income Tax Return (ITR) Forms ITR-1 (SAHAJ) and ITR-4 (SUGAM) for the Assessment Year (A.Y.) 2024-25.

Posted in Income Tax | 12261 Views

West Bengal Govt Suspends E-Way Bill Order: Intrastate Limit Restored to Rs 1 Lakh

23 December 2023 at 07:06

The West Bengal government has decided to suspend the implementation of its earlier order, which reduced the "intrastate e-way bill" threshold from Rs 1 lakh to Rs 50,000, effective from December 1.

Posted in GST | 1 comments | 14277 Views

Telangana Commercial Taxes Dept unearthed ITC Fraud of Rs 138 crores

23 December 2023 at 07:05

The Telangana Commercial Taxes Department has unveiled a sophisticated Input Tax Credit (ITC) fraud orchestrated by Mr. Chanda Sai Kumar. The fraudulent activities, amounting to a staggering Rs. 138 Crores

Posted in GST | 3345 Views

FM Nirmala Sitharaman approves setting up of GSTAT in Indore

23 December 2023 at 07:03

FM Nirmala Sitharaman has given her approval for the establishment of a GST appellate tribunal in Indore, as announced by the Madhya Pradesh government's Public Relations Department on Thursday.

Posted in GST | 2598 Views

Centre releases Rs 72961 crore as Tax Devolution to States

23 December 2023 at 07:01

Centre releases Rs 72,961.21 crore as additional installment of Tax Devolution to States

Posted in Income Tax | 2157 Views

ICAI Clarifies on Advanced ICITSS and IT Test for CA Final Exam Eligibility under CA Regulations 31(v)

22 December 2023 at 15:44

Clarifications on the requirement for completion of Advanced ICITSS and the Advanced IT Test thereunder, with reference to eligibility to appear in CA Final examination, under CA Regulations 31(v).

Posted in Students | 34626 Views

CBDT Revises Rules 10TA and 10TD, Redefining Intra-Group Loan with Safe Harbour Guidelines

22 December 2023 at 15:37

The Central Board of Direct Taxes (CBDT) recently issued the Income-tax (Twenty-Ninth Amendment) Rules, 2023, amending Rules 10TA and 10TD of the Income Tax Rules, 1962.

Posted in Income Tax | 2601 Views

Rajya Sabha Passes Bill Establishing GSTAT with Age Cap Adjustments

22 December 2023 at 07:14

The Rajya Sabha granted approval on Wednesday to a crucial bill aimed at facilitating the establishment of Goods and Services Tax (GST) appellate tribunals (GSTAT).

Posted in GST | 2559 Views

Parliament passes Provisional Collection of Taxes Bill, 2023 for Immediate Customs and Excise Duty Changes

22 December 2023 at 07:12

Parliament approved the Provisional Collection of Taxes Bill, 2023 on Wednesday, ushering in a mechanism for the provisional enforcement of changes in customs and excise duties as outlined in the Budget, effective from midnight.

Posted in Custom | 5265 Views