CAclubindia News

ICAI reschedules CA Foundation Dec 2023 Exams

18 August 2023 at 08:46

Institute of Chartered Accountants of India (ICAI) has rescheduled the CA Foundation December 2023 exams.

Posted in Students | 27996 Views

CBDT Releases Guidelines on Tax Exemption for Life Insurance Policies u/s 10(10D) of IT Act

18 August 2023 at 08:46

CBDT (Central Board of Direct Taxes) issued guidelines on the applicability of exemption under section 10(10D) of the Income Tax Act, 1961 (IT Act) for life insurance policies on August 16, 2023 vide Circular No. 15 of 2023.

Posted in Income Tax | 21207 Views

CBDT Sets New Rules for Calculating Income from Life Insurance Premiums Above Rs 5 Lakh

17 August 2023 at 08:57

Central Board of Direct Taxes (CBDT) notified Rule 11UACA on August 16, 2023, for tax calculation on life insurance policy amounts under section 56(2)(xiii) of the Income Tax Act, 1961 (the IT Act).

Posted in Income Tax | 18807 Views

CBDT Seeks Public Input on Proposed Changes to Form No. 6C

17 August 2023 at 08:56

CBDT has invited suggestions/comments on the draft Form No. 6C from stakeholders and general public. The deadline for submitting suggestions/comments is August 31, 2023.

Posted in Income Tax | 6984 Views

Online Gaming Firms Confront Rs 45000 Crore Tax Demand Post 28% GST Levy

17 August 2023 at 08:55

CBIC has evaluated the GST liabilities of the gaming firms in India, and it has been found that they were taxed at 18% on their gross gaming revenue, which was meant for skill-based games, instead of the legally prescribed 28%.

Posted in GST | 7155 Views

Income Tax Department Raises Alarm Over Surge in Deceptive Messages Targeting Taxpayers

16 August 2023 at 08:41

The Income Tax Department has warned the public about a surge in fraudulent messages circulating, aimed at deceiving taxpayers into providing sensitive information.

Posted in Income Tax | 7914 Views

Rs 15,000 Crore Alleged Tax Evasion by Insurance Firms Uncovered

16 August 2023 at 08:41

The Income Tax department has completed its investigation into several insurance companies and uncovered alleged tax evasion amounting to more than Rs 15,000 crore (Indian rupees).

Posted in Income Tax | 3837 Views

GST Applicable on X (formerly Twitter) Ad Revenue Sharing Beyond Rs 20 Lakh Annual Threshold

14 August 2023 at 08:38

Income from ad revenue sharing by X (formerly Twitter) is liable to GST if it exceeds the threshold of Rs 20 lakh in a year.

Posted in GST | 9750 Views

ICAI Grants Relaxation to Old Course Students to commence 3 years Practical Training Under Various Routes

14 August 2023 at 08:35

Relaxation to Old Course Students to commence 3 years of Practical Training

Posted in Students | 73722 Views

SGST Arrests Rajkot Businessman for Rs 8.7 Crore Tax Evasion in Crude Chemical Trade

14 August 2023 at 08:34

One person has been arrested for ₹8.7 crore GST evasion in Gujarat. The accused, Devang Nathwani, is the key person handling the affairs of Eagle Marketing, which is involved in trading of crude chemicals.

Posted in GST | 6660 Views