CAclubindia News

Income Tax Department Unveils User Guide for Responding to Notices under e-Verification Scheme, 2021

28 February 2024 at 09:11

The Directorate of Income Tax (Systems) has unveiled Version 3.0.0 of the User Guide for Submitting Response to Notices and Letters Received under the e-Verification Scheme, 2021.

Posted in Income Tax | 5262 Views

RBI Issues Master Direction for Filing of Supervisory Returns

28 February 2024 at 09:09

The Master Direction provides a broader framework to understand the purpose of the returns and harmonises the timelines for their submission.

Posted in Community & General | 1623 Views

FM Unveils 433% Surge in Capital Expenditure Alongside Strong Tax Revenue Growth

27 February 2024 at 09:09

In a significant announcement on February 22, 2024, FM revealed that the Indian government's robust tax revenue has paved the way for substantial increases in capital expenditure and sustained investment in infrastructure development projects.

Posted in Income Tax | 1758 Views

New e-Verification Scheme-2021 Rolled Out by Income Tax Department to Address Mismatches in Taxpayer Returns

27 February 2024 at 09:08

Income Tax Department has identified certain mismatches between third party information on interest and dividend income, and the Income Tax Return (ITR) filed by taxpayers

Posted in Income Tax | 17469 Views

ICAI to Scrutinize Paytm, Progress Update on BYJU'S Review

26 February 2024 at 15:43

ICAI President disclosed that the FRRB may soon discuss the recent developments surrounding Paytm, alongside its ongoing review of ed-tech giant Byju's accounts due to governance concerns.

Posted in Community & General | 5307 Views

GST Council Set to Clarify Tax Exemption for RERA

26 February 2024 at 14:30

The Goods and Services Tax (GST) Council is poised to provide clarity regarding the exemption of the Real Estate Regulatory Authority (RERA) from GST payments, a senior official has revealed.

Posted in GST | 4461 Views

GST Launches 'Operation White Pepper' to Combat Tax Evasion in Wayanad resorts

26 February 2024 at 09:12

In a proactive move to curb tax evasion and protect state revenues, the intelligence wing of the GST department has launched "Operation White Pepper," targeting major resorts in the district.

Posted in GST | 2454 Views

Assets Worth Rs 5 Crore Seized in Rs 10,000 Crore GST Fraud Case

26 February 2024 at 09:10

In a significant development, the Noida police have executed a district court order to attach immovable assets belonging to two Delhi-based individuals accused of orchestrating a massive GST fraud amounting to nearly ₹10,000 crore.

Posted in GST | 2319 Views

RBI Announces Additional Steps for Paytm Payments Bank Customers and Merchants

26 February 2024 at 09:10

Action against Paytm Payments Bank Ltd under Section 35A of the Banking Regulation Act, 1949 - Additional Steps

Posted in Community & General | 1731 Views

ICAI releases Mock Test Papers Series-I for CA Final & Intermediate May 2024 Exams

24 February 2024 at 15:17

The Board of Studies is commencing Mock Test Papers Series - I from 4th March,2024 for Students appearing in CA Final/Intermediate Course for May 2024 Examinations.

Posted in Students | 53496 Views