CAclubindia News
Income Tax department sends Rs 549 crore tax demand notice to AWS
15 March 2023 at 08:45The taxation department has approved a Rs 549 percent of the total tax summons to Amazon's corporation Amazon Web Service (AWS). Aws offers cloud storage.
CBDT takes up e-Verification for 68,000 cases from FY 2019-20
14 March 2023 at 08:38On a pilot basis, in about 68,000 cases, information of financial transactions pertaining to FY 2019-20 has been taken up for e-Verification
Paradigm shift in digital transactions in India during last 4 years since 2018-19
14 March 2023 at 08:37Paradigm shift in digital transactions in India with growth of more than 200% in digital payment volume during the last four years since 2018-19
38.58 crore loans extended since inception of PMMY
14 March 2023 at 08:3426.35 crore loans (68%) extended to Women Entrepreneurs and 19.84 crore loans (51%) to SC/ST/OBC category of borrowers under PMMY
GST Evasion of Rs 150 Crore discovered in TMT Bar Clearance
13 March 2023 at 08:36The Directorate General of GST Intelligence (DGGI), Chennai recently carried out coordinated search operations against three major taxpayers involved in the supply of TMT Bars. The investigation has revealed that these entities were engaged in the il
Gross Direct Tax collections rises 22.58% to Rs 16.68 lakh crore up to 10th March
11 March 2023 at 17:04The provisional figures of Direct Tax collections up to 10th March, 2023 continue to register steady growth. Direct Tax collections up to 10th March, 2023 show that gross collections are at Rs. 16.68 lakh crore
IT department enabled new feature 'Comply to Notice' u/s 133(6) of IT Act 1961
11 March 2023 at 08:52The Income Tax Department enabled the new feature 'Comply to Notice' that allows taxpayers to View and Submit Responses to Notices under section 133(6) of the Income Tax Act, 1961 ("the IT Act").
IT department issued important update on Form 26AS and AIS
11 March 2023 at 08:50The Income Tax Department has issued an update on Form 26AS and Annual information statement ("AIS") stating that from Assessment Year ("AY") 2023-24 onwards, Form 26AS display only TDS/TCS data.
National Pension System (NPS) subscription witnesses 22.88% growth YoY in FY 23
11 March 2023 at 08:49624.81 lakh National Pension System (NPS) subscribers, with Y-o-Y growth of 22.88%
Centre releases Rs 1.40 lakh crore tax devolution amount to states
11 March 2023 at 08:48Union Government releases 14th instalment of tax devolution to State Governments amounting to ₹1,40,318 crore to strengthen hands of States to accelerate their capital and developmental expenditure
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