CAclubindia News

Shri Pankaj Chaudhary takes charge as Minister of State for Finance in Ministry of Finance

13 June 2024 at 09:05

Shri Pankaj Chaudhary took charge as the Minister of State for Finance in his second consecutive term in the Ministry of Finance, in New Delhi on June 11, 2024

Posted in Others | 288 Views

Nirmala Sitharaman takes charge as the Union Minister for Finance and Corporate Affairs

13 June 2024 at 09:04

Smt. Nirmala Sitharaman assumed charge as the Union Minister of Finance & Corporate Affairs in New Delhi.

Posted in Corporate Law | 312 Views

ICAI Announces July 2024 Convocation to Honor New Members and Rank Holders

12 June 2024 at 08:56

Get ready for the ICAI Convocation in July 2024! Members enrolled between November 2023 and June 2024, and CA Final Exam rank holders from November 2023 will receive their certificates. Check dates and cities for the event.

Posted in Students | 8523 Views

Excel Utility of ITR-5 for AY 2024-25 is now available for filing

11 June 2024 at 08:58

The Income Tax Department has released the Excel Utility for ITR-5 for the Assessment Year (AY) 2024-25, streamlining the tax filing process for entities required to submit this form.

Posted in Income Tax | 648 Views

Nirmala Sitharaman Reappointed as Finance Minister in Modi's Third Cabinet

11 June 2024 at 08:58

In a significant move, Prime Minister Narendra Modi's government has reappointed Nirmala Sitharaman as the Finance Minister. The official announcement came on June 10, a day after the ministers took the oath alongside Modi.

Posted in Others | 2817 Views

Centre releases Rs 1.39 lakh crore installment of Tax Devolution to States

11 June 2024 at 08:57

It has been decided that apart from the regular release of the devolution amount for the month of June 2024, one additional instalment will be released. This release cumulatively amounts to Rs. 1,39,750 crore in the current month

Posted in Income Tax | 345 Views

IDBI Bank Receives Rs 2702 Crore Income Tax Refund for AY 2016-17

10 June 2024 at 08:59

Private sector lender IDBI Bank Ltd announced on Friday, June 7, that it has received an income tax refund order amounting to ₹2,701.62 crore for the assessment year 2016-17.

Posted in Income Tax | 552 Views

DGGI Arrests Man for Rs 37.2 Crore Fake ITC Fraud

10 June 2024 at 08:57

Officials from the Directorate General of GST Intelligence (DGGI), Coimbatore, have arrested an individual for availing of fake input tax credit amounting to ₹37.2 crore and passing on fake input tax credit worth ₹65.42 crore.

Posted in GST | 861 Views

DGGI Investigates Airlines Retaining Taxes from No-Show Passengers

10 June 2024 at 08:57

In a recent move, the Directorate General of Goods and Services Tax Intelligence (DGGI) has launched investigations into airlines retaining taxes collected from customers in no-show scenarios

Posted in GST | 648 Views

Central Excise Bill, 2024 Expected to be Introduced in Upcoming Budget Session

10 June 2024 at 08:54

The Centre is set to introduce the Central Excise Bill, 2024, during the upcoming budget session, aiming to replace the long-standing Central Excise Act, 1944

Posted in Excise | 2289 Views