CAclubindia News

Banking Laws Bill 2024: Tenure of Cooperative Banks' Directors Extended to 10 Years

12 August 2024 at 09:01

The Banking Laws (Amendment) Bill, 2024, recently tabled by Finance Minister Nirmala Sitharaman in Parliament, aims to bring significant changes to the banking sector.

Posted in Others | 2079 Views

Rajya Sabha Returns J&K Appropriation and Finance Bills After Budget Debate

10 August 2024 at 09:02

On Thursday, the Rajya Sabha returned the Appropriation (No. 2) Bill, 2024, the Jammu and Kashmir Appropriation (No. 3) Bill, 2024, and the Finance (No. 2) Bill, 2024, following a vigorous debate over the Budget.

Posted in Union Budget | 2250 Views

GSTN Introduces New Feature to Add or Amend Bank Account Details on Portal

10 August 2024 at 09:00

The Goods and Services Tax Network (GSTN) has rolled out a new functionality on the GST portal, allowing taxpayers to easily add or amend their bank account details.

Posted in GST | 4083 Views

Income Tax Department Releases Updated Utility and Schema for Form 3CEB u/s 92E

10 August 2024 at 08:59

The Income Tax Department has announced the release of the updated Utility and Schema for Form 3CEB.

Posted in Income Tax | 474 Views

ITR Processing Time Slashed Drastically in Last Decade, Marks Transformative Shift: FM Sitharaman

10 August 2024 at 08:58

The Income Tax Department has achieved a significant milestone with a record 7.28 crore Income Tax Returns (ITRs) filed in the assessment year (AY) 2024-25.

Posted in Income Tax | 3741 Views

NCLT Denies Merger Approval Over Tax Evasion and Money Laundering Concerns

09 August 2024 at 07:21

The National Company Law Tribunal (NCLT) has rejected a merger application involving three companies, citing serious concerns about the legality of the proposed amalgamation.

Posted in Income Tax | 642 Views

FM Sitharaman: Indirect Tax Rate Review in Next 6 Months

09 August 2024 at 07:19

FM Sitharaman announced plans for a comprehensive review of the indirect tax rate structure, set to take place over the next six months.

Posted in Income Tax | 2178 Views

RBI Keeps Repo Rate Unchanged At 6.5% for 9th time in a Row

08 August 2024 at 16:30

On the basis of an assessment of the current and evolving macroeconomic situation, the MPC at its meeting today (August 8, 2024) decided to: Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.

Posted in Others | 315 Views

RBI Raises UPI Transaction Limit to Rs 5 Lakh for Tax Payments

08 August 2024 at 12:07

The Reserve Bank of India (RBI) has announced a significant proposal to increase the Unified Payments Interface (UPI) limit for tax payments from ₹1 lakh to ₹5 lakh.

Posted in Income Tax | 2721 Views

FM Nirmala Sitharaman Rejects Calls to Reduce GST on Health Insurance Premiums

08 August 2024 at 09:20

The opposition had been demanding that the GST on health and life insurance premiums be scrapped but Union Finance Minister Nirmala Sitharaman has rebuffed such calls.

Posted in GST | 1 comments | 3411 Views