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ICAI Releases CA Foundation Admit Card 2024 for June Examination

   05 June 2024 at 15:56

The Institute of Chartered Accountants of India (ICAI) has officially released the CA Foundation Admit Card 2024 for the upcoming June examination.

Posted in Students |   246 Views


CBDT Amends Form 27Q: Introduces Note 7A for Lower/No TDS Information

   05 June 2024 at 08:57

CBDT has issued a new notification announcing further amendments to the Income-tax Rules, 1962. Officially termed the Income-tax (Sixth Amendment) Rules, 2024, these changes will take effect on July 1st, 2024.

Posted in Income Tax |   3171 Views


CBIC: No Recovery Actions Allowed Within Three Months of Tax Notice

   05 June 2024 at 08:56

In an important directive aimed at refining tax recovery procedures, the Central Board of Indirect Taxes and Customs (CBIC) has issued new instructions to its field formations regarding the recovery of tax demands from businesses.

Posted in GST |   1425 Views


CBIC Invites Suggestions On Draft Central Excise Bill, 2024

   05 June 2024 at 08:55

The Central Board of Indirect Taxes & Customs (CBIC), Department of Revenue, Ministry of Finance, invites suggestions on the draft 'Central Excise Bill, 2024' from stakeholders by 26th June 2024.

Posted in Excise |   57 Views


ICAI Imposes 5-Year Ban on Candidates for Mobile Phone Use in CA Exams

   04 June 2024 at 10:47

Stringent Action against candidates for adopting Unfair Means during CA Examination

Posted in Students |   5772 Views


ICAI Launches Self-Paced Module Test (SPMT) Portal

   04 June 2024 at 10:46

ICAI has launched Self-Paced Module Test (SPMT) Portal for the candidates who have completed prescribed learning hours for respective Self-Paced Online Module A and Module B

Posted in Students |   4644 Views


Larsen & Toubro Ltd Faces Rs 4.68 Crore Penalty by Income Tax Department

   04 June 2024 at 08:50

In a significant development, the Income Tax Department has levied a penalty of Rs 4,68,91,352 on Larsen & Toubro Ltd (L&T), as revealed in a recent regulatory filing. This penalty stems from tax proceedings related to the now-merged L&T

Posted in Income Tax |   192 Views


CBIC Chairman Launches GSTN Back Office Application for CBIC officers

   04 June 2024 at 08:49

In a significant milestone in the digital transformation of CBIC, Sh. Sanjay Kumar Agarwal, Chairman CBIC launched the GSTN Back Office application for CBIC officers which will bring scale, speed and uniformity in the indirect tax administration.

Posted in GST |   174 Views


GSTN Adds Personal Hearing Option for GST DRC-01 Responses on Portal

   03 June 2024 at 09:01

The Goods and Services Tax Network (GSTN) has enabled a new feature on the GST Portal. Taxpayers can now actively choose 'Yes' or 'No' for a personal hearing while responding to the GST DRC-01 notice.

Posted in GST  1 comments |   2892 Views


GST Revenue in May 2024 Hits Rs 1.73 Lakh Crore, Marks 10% YoY Growth

   03 June 2024 at 09:01

Gross GST revenue collection in May 2024 stands at Rs 1.73 lakh crore; Records 10% y-o-y growth

Posted in GST |   162 Views