CAclubindia News

Supreme Court to Review Rs 33,000 Crore Income Tax Claim on Jaypee Infratech

22 April 2024 at 08:51

In a pivotal move, the Supreme Court has stepped in to assess the contentious ₹33,000 crore tax claim imposed on Jaypee Infratech Ltd (JIL), marking a crucial juncture in the ongoing legal saga that has left 22,000 homebuyers in limbo.

Posted in Income Tax | 1569 Views

RBI Imposes Rs 10 Lakh Penalty on NABFINS Limited for Non-Compliance

22 April 2024 at 08:50

In a recent development, the Reserve Bank of India (RBI) has levied a monetary penalty of Rs 10 lakh on NABFINS Limited, a subsidiary of NABARD, citing non-compliance with specific regulations.

Posted in Others | 2715 Views

Net Direct Tax Collections Surge to Rs. 19.58 Lakh Crore in FY 2023-24

22 April 2024 at 08:49

Net Direct Tax collections (provisional) for Financial Year (FY) 2023-24 exceed Union Budget Estimates by Rs. 1.35 lakh crore i.e. by 7.40%

Posted in Income Tax | 417 Views

Zomato Faces Rs 11.81 Crore GST Demand and Penalty Order

21 April 2024 at 12:12

Food delivery giant Zomato finds itself in the regulatory spotlight after revealing that it has been slapped with a GST demand and penalty order totaling Rs 11.81 crore.

Posted in GST | 3843 Views

GST Council Considers Exempting Reinsurance from GST

20 April 2024 at 07:49

GST Council is gearing up to reevaluate exempting reinsurance business from GST.

Posted in GST | 2871 Views

CBDT Directs Self-Reporting Organizations to Submit High-Value Transaction Details of FY23 by 30th June

19 April 2024 at 08:58

In a recent development, the Central Board of Direct Taxes (CBDT) has issued a directive to Self-Reporting Organizations (SROs) urging them to furnish comprehensive details of high-value transactions conducted during the fiscal year 2022-23.

Posted in Income Tax | 4905 Views

RBI Issues Key Facts Statement (KFS) for Loans & Advances

19 April 2024 at 08:54

Key Facts Statement (KFS) for Loans & Advances

Posted in Others | 696 Views

Pune-Based Chartered Accountant Duped of Rs 3.4 Crore in Stock Trading Cyber Fraud

18 April 2024 at 17:08

A Pune-based Chartered Accountant was ensnared in a sophisticated cyber scam, suffering a devastating loss of Rs 3.4 crore to online fraudsters.

Posted in Others | 777 Views

ICAI Releases Specimen Copies of Answer Books & Attendance Register for May 2024 CA Exams

18 April 2024 at 08:54

The Institute of Chartered Accountants of India (ICAI) has unveiled the specimen copies of answer books and the attendance register for the upcoming May 2024 CA examinations.

Posted in Students | 5793 Views

Vedanta faces Rs. 27.97 crore GST Penalty Order

18 April 2024 at 08:53

In a recent development, mining conglomerate Vedanta Ltd disclosed on Tuesday, April 16, that it has been slapped with a hefty Goods and Services Tax (GST) penalty amounting to ₹27.97 crore.

Posted in GST | 996 Views