CAclubindia News

FM Nirmala Sitharaman Stumped by Broker's Tax Question at BSE Event

17 May 2024 at 08:56

Finance Minister Nirmala Sitharaman recently attended the 'Viksit Bharat 2047 - Vision for Indian Financial Markets' event, organized by the Bombay Stock Exchange (BSE) in Mumbai.

Posted in Income Tax | 3756 Views

GSTN: Information from manufacturers of Pan Masal and Tobacco taxpayers

17 May 2024 at 08:54

Government had issued a notification to seek information from taxpayers dealing in the goods mentioned therein vide Notification No. 04/2024 – Central Tax dated 05-01-2024.

Posted in GST | 1257 Views

GST Official Falls Victim to Fake Stock Trading App Scam, Loses Lakhs

16 May 2024 at 08:57

In a startling revelation, the Avadi police uncovered a sophisticated fraud scheme orchestrated by tech-savvy criminals, leaving a trail of duped investors across the country.

Posted in GST | 1005 Views

Income Tax Department Ensures No Data Loss in CR Building Fire Tragedy

16 May 2024 at 08:56

The Income Tax Department has reassured taxpayers that no data loss occurred due to the fire incident at its CR Building in ITO, where one official tragically lost his life.

Posted in Income Tax | 2178 Views

GSTAT Set for Operationalization by End of 2024 or Early 2025

15 May 2024 at 08:51

According to sources closely involved in the process, efforts are underway to ensure the expeditious operationalization of the GST Appellate Tribunal.

Posted in GST | 2349 Views

Tax Incentives Can Drive Sustainable Manufacturing Growth

15 May 2024 at 08:51

Experts emphasize the pivotal role of financial incentives in propelling the adoption of green manufacturing practices among businesses.

Posted in Income Tax | 393 Views

Five States Ready for Aadhaar-based GST Registration Authentication

14 May 2024 at 08:44

Five states, including Karnataka, Tamil Nadu, and Telangana, are now considering the implementation of Aadhaar-based authentication for GST registration, marking a significant shift in ensuring the integrity of the tax system

Posted in GST | 2793 Views

CBDT releases new functionality in AIS to increase transparency

14 May 2024 at 08:43

Taxpayers can now check whether their feedback is acted upon by the Source/Reporting Entities

Posted in Income Tax | 1 comments | 5502 Views

Section 43B: Deductible Expenses Beyond MSME Payments

13 May 2024 at 08:57

Section 43B of the Income Tax Act, 1961, stands as a critical component shaping the financial landscape for businesses and professionals in India.

Posted in Income Tax | 1065 Views

Supreme Court: GST Officers Require Verifiable Material, Not Mere Suspicion Before Arrest

13 May 2024 at 08:57

The Supreme Court of India witnessed a significant legal debate on May 9th, 2024, concerning the legality of arrest powers granted to officers under the Customs Act and GST Act.

Posted in GST | 3480 Views