CAclubindia News

Budget 2024: Jewellery Industry Anticipates Duty Cuts, Tax Reforms and Streamlined Regulations

10 July 2024 at 09:08

As the 2024-25 Budget presentation by Finance Minister Nirmala Sitharaman approaches on July 23, the jewellery industry is eagerly anticipating potential duty cuts on gold, silver, diamonds, and platinum.

Posted in Union Budget | 1866 Views

Budget 2024-25: Key Announcements Expected for Senior Citizens

10 July 2024 at 09:05

As FM prepares to present the Union Budget 2024-25 on July 23, senior citizens are keenly anticipating several potential announcements that could significantly impact their financial well-being.

Posted in Union Budget | 2286 Views

Budget 2024: Call for Amendments to Advance Tax Provisions for Individuals

09 July 2024 at 09:12

Explore potential amendments in Budget 2024 to advance tax provisions under Section 234C of the Income-tax Act, which could ease the financial burden on gig workers, freelancers, and new entrepreneurs.

Posted in Union Budget | 1 comments | 1953 Views

GSTN Expands Digital Payment Options to West Bengal and 16 Other States

09 July 2024 at 09:08

GSTN announced an update on July 5, 2024, that the GST payment facility is now available through UPI, credit cards, and debit cards in West Bengal.

Posted in GST | 1353 Views

CBDT Issues New Guidelines for Issuing Notices Under Section 148 of the Income Tax Act

09 July 2024 at 09:06

CBDT has issued new guidelines via F.No.299/10/2022-Dir(Inv.III)/1522 dated June 26, 2024. These guidelines are set to bring clarity and consistency in the handling of cases involving income that has escaped assessment.

Posted in Income Tax | 4752 Views

ACB Arrests Mastermind and Sales Tax Officer in Rs 175 Crore GST Refund Scam

08 July 2024 at 09:06

The Anti-Corruption Bureau (ACB) has arrested three individuals in connection with a ₹175 crore Goods and Services Tax (GST) refund scam.

Posted in GST | 2196 Views

Budget 2024: Savings Account Interest Up to Rs 25000 May Become Tax-Exempt

08 July 2024 at 09:05

The government is considering a proposal to increase the tax-deductible amount on interest earned from savings accounts to ₹25,000, sources familiar with the matter revealed.

Posted in Union Budget | 3072 Views

Pre-Budget Consultation Meetings for the Forthcoming Union Budget 2024-25 Conclude in New Delhi

08 July 2024 at 09:00

The Pre-Budget consultations for Union Budget 2024-25 that started from 19th June 2024 onward in the Ministry of Finance and chaired by Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman, concluded on 5th July 2024.

Posted in Union Budget | 351 Views

Union Budget 2024 to be Presented by FM Nirmala Sitharaman on 23rd July 2024

06 July 2024 at 16:47

Union Finance Minister Nirmala Sitharaman is set to present the Union Budget for the financial year 2024-25 on July 23, 2024. This was confirmed by the Union Minister of Parliamentary Affairs, Kiren Rijiju, in a post on X (formerly Twitter) on July 6.

Posted in Union Budget | 2994 Views

ICAI Gains Full Power to Regulate Big Four Audit Firms

06 July 2024 at 12:54

In a landmark decision, the Delhi High Court has reaffirmed the regulatory powers of the Institute of Chartered Accountants of India (ICAI) over affiliates of the Big Four firms operating in India.

Posted in Audit | 14850 Views