CAclubindia News

CBDT Exempts Diplomatic Missions and UN Agencies from Section 194N Provisions

02 December 2024 at 09:11

In a significant development, the CBDT has issued Notification No. 123/2024, dated Nov 28, 2024, exempting specific foreign representations and international organizations from the provisions of Section 194N of the IT Act, 1961.

Posted in Income Tax | 1914 Views

UPI Processes 16 Billion Transactions Worth Rs 23.49 Lakh Crores in October 2024

02 December 2024 at 09:10

IntroductionIn October 2024, Unified Payments Interface (UPI) achieved a historic milestone by processing 16.58 billion financial transactions in a single month, underscoring its pivotal role in India's digital transformation.

Posted in Others | 1356 Views

Record Rs 1.82 Lakh Crore GST Collection in November Marks 8.5% Growth

02 December 2024 at 09:07

India's GST revenue for November 2024 recorded a significant growth of 8.5% compared to November 2023, reaching a total of ₹1,82,269 crore.

Posted in GST | 1548 Views

ICAI's Role in Strengthening Capital Markets: A Pathway to Economic Growth and Investor Protection

02 December 2024 at 09:06

In the dynamic landscape of global finance, Capital markets play an indispensable role in the economic development and progress of a nation, serving as the lifeblood of a nation's financial system.

Posted in Professional Resource | 1614 Views

CBDT Pushes for Swift Review of Income-Tax Act: Officers to Station in Delhi

02 December 2024 at 09:02

In a significant step towards the modernization of India's direct tax laws, the CBDT has instructed 28 officers involved in the comprehensive review of the six-decade-old Income-tax Act to work from Delhi between December 2 and December 27.

Posted in Income Tax | 4410 Views

CBDT Extends ITR Filing Deadline for Taxpayers u/s 92E to 15th December 2024

30 November 2024 at 15:43

In a major relief to taxpayers, the Central Board of Direct Taxes (CBDT) has announced an extension of the due date for filing Income Tax Returns (ITRs) for Assessment Year (AY) 2024-25.

Posted in Income Tax | 4317 Views

Women Tax Filers Surge by 25.3% In Four Years

30 November 2024 at 09:16

The number of women filing income-tax returns (ITRs) in India has seen a significant rise over the last five years, signaling increased economic empowerment.

Posted in Income Tax | 1533 Views

FM Sitharaman Urges Tech Upgrades in RRBs for Better Efficiency

30 November 2024 at 09:14

Union Finance Minister emphasises importance of accelerating technology upgradation in RRBs the region to enhance efficiency and service delivery

Posted in Corporate Law | 381 Views

Finance Ministry Issues Corrigendum to Amend GSTAT State Bench Jurisdictions

30 November 2024 at 09:13

The Ministry of Finance, Department of Revenue, has issued a Corrigendum (F. No. A-50050/99/2024-GSTAT-DOR) dated November 29, 2024, revising its earlier notification from November 26, 2024. The corrigendum amends the jurisdiction of State Benches of

Posted in GST | 1689 Views