CAclubindia News

Noida police busts multi-crore racket exploiting PAN card data of over 635,000 individuals

03 June 2023 at 13:26

In a breakthrough, the Noida police have successfully busted a sophisticated multicrore racket operated by a gang that used the Pan card data of approximately 635,000 individuals.

Posted in Income Tax | 9906 Views

Delayed Refund and Loss Carry Forward Claims Granted under IT Act 1961

03 June 2023 at 09:01

The Central Board of Direct Taxes (CBDT) has issued Circular No. 07/2023 dated May 31, 2023, regarding the condonation of delay in filing refund claim and claim of carry forward of losses under Section 119(2)(b) of the Income-tax Act, 1961 ("the IT Act").

Posted in Income Tax | 6153 Views

CBDT amends IT rules to provide tax exemption on movable property value

03 June 2023 at 08:55

The Income-tax (Eighth Amendment) Rules, 2023 were notified by the Central Board of Direct Taxes (CBDT) on May 31, 2023.

Posted in Income Tax | 5361 Views

ICAI | Exposure Drafts of Guidance Notes on FAIS

03 June 2023 at 08:54

Exposure Drafts of Guidance Notes on Forensic Accounting and Investigation Standards (FAIS)

Posted in Professional Resource | 5127 Views

GST Revenue Hits Record Rs 1,57,090 Crore in May 2023, achieving 12% YoY Growth

03 June 2023 at 08:54

₹1,57,090 crore gross GST revenue collected for May 2023; clocks 12% Year-on-Year growth

Posted in GST | 4386 Views

ICAI President emphasizes embracing technology for competitive edge

01 June 2023 at 11:50

Let the current challenging conditions serve as a catalyst for our profession's growth, rather than a deterrent. It is imperative for both the Institute and its members to adapt and innovate in order to navigate the emerging realities successfully.

Posted in Professional Resource | 6771 Views

CBDT amends IT rules for Section 80G Provisional Approval

01 June 2023 at 08:56

The Income-tax (7th Amendment) Rules, 2023 were notified by the Central Board of Direct Taxes (CBDT) on May 30, 2023. The rules make amendments to the Income-tax Rules, 1962.

Posted in Income Tax | 16245 Views

E-Way Bill System equips Enrolled Transporters and Taxpayers with New Features

01 June 2023 at 08:55

E-Way bill System is provisioned with the following new features for the Enrolled Transporters, Common Enrolled Taxpayers

Posted in GST | 6735 Views

ITR-2 Form Now Available Online with Automated Pre-Filled Data

01 June 2023 at 08:54

Income Tax Return Form of ITR-2 is enabled to file through Online mode with prefilled data at the portal. T

Posted in Income Tax | 5490 Views

CBDT implements e-Appeals Scheme 2023 to ease caseload burden

31 May 2023 at 08:58

CBDT has notified the E-Appeals Scheme, 2023 to ease the caseload of the Income-tax Appellate Tribunal (ITAT). The scheme will allow taxpayers to file appeals electronically, which is expected to reduce the time and cost of filing an appeal.

Posted in Income Tax | 7344 Views