CAclubindia News

E-commerce minnows face heat in fake GST registration crackdown

24 May 2023 at 08:40

Small businesses that sell goods through e-commerce platforms fear a recently launched drive against fake GST registrations could hit them hard because many of them run operations

Posted in GST | 3420 Views

MCA proposes higher penalties and wider leniency to combat cartels

24 May 2023 at 08:39

Higher penalty for cartels and greater leniency provisions introduced in competition law last month will go hand in hand in tackling cartels which are by nature difficult to prove, the corporate affairs ministry said in a monthly update

Posted in Corporate Law | 3498 Views

ITR-1 and ITR-4 e-Filing commences with prefilled data for AY 2023-24

23 May 2023 at 10:03

Taxpayers can now file returns for AY 2023-24 through Income Tax Return (ITR) forms ITR-1 and ITR-4 on the e-filing portal in online mode with prefilled data.

Posted in Income Tax | 23883 Views

GSTN set to go live on Account Aggregator Ecosystem ahead of 1st July 2023

23 May 2023 at 08:47

The Goods and Services Tax Network (GSTN), which is the technology interface between government and taxpayers, is due to be integrated with the country's ambitious financial data sharing network Account Aggregator before July 1

Posted in GST | 12579 Views

ICAI | DPIIT seeks public inputs for measuring cost of regulation

23 May 2023 at 08:46

This is with reference to the communication received from Department For Promotion of Industry and Internal Trade (DPIIT) which is the Nodal Department for the Ease of Doing Business initiative of Government of India.

Posted in Professional Resource | 2988 Views

Gameskraft case poses challenges for IT officials too

23 May 2023 at 08:46

It isn't just GST authorities who have run against a legal wall in their attempt to claim Rs 21,000 crore from Gameskraft. Even the income tax (I-T) department, which had issued notices to the company and over 10,000 gamers, is facing hurdles

Posted in Income Tax | 3207 Views

CBDT releases comprehensive guidelines for computing online gaming taxes

23 May 2023 at 08:44

Guidelines for the removal of difficulties under Section 194BA that deals with Winnings from Online Games

Posted in Income Tax | 6924 Views

Mumbai-based TV Producers face 3 months jail term for income tax delay

22 May 2023 at 08:29

A metropolitan magistrate court has convicted a television production company and its directors Yash Patnaik and Mamta Patnaik for not submitting ₹8.37 crore income tax.

Posted in Income Tax | 6687 Views

MSSC scheme exempted from TDS on interest earnings

22 May 2023 at 08:29

TDS (tax deducted at source) will not apply to interest earned on Mahila Samman Savings Certificate (MSSC), but interest income will be added to total income for tax calculation.

Posted in Income Tax | 5103 Views