CAclubindia News

India Inc's Interim Budget Wishlist: GST, Subsidies, Affordable Housing and More

26 January 2024 at 08:02

Highlighting India's robust economic growth amid a global slowdown, the Confederation of Indian Industry (CII) has presented a comprehensive set of policy recommendations for the upcoming interim Union Budget.

Posted in Union Budget | 4323 Views

Supreme Court: Assessing Officer Bears Burden to Rectify Defects in Tax Returns

26 January 2024 at 08:01

The Supreme Court on Tuesday clarified that if a tax return is deemed defective, it is the responsibility of the assessing officer to inform the assessee and provide an opportunity for rectification.

Posted in Income Tax | 6234 Views

ICAI Releases Draft Bank Branch Auditors' Panel (MEF) for 2023-24

26 January 2024 at 08:00

Draft Bank Branch Auditors' Panel (MEF) for the year 2023-24

Posted in Audit | 3360 Views

IT Department Urges PAN Verification to Avoid Higher TDS/TCS Rates for Deductors

25 January 2024 at 17:35

The Income Tax Department has released a crucial update directed towards deductors, underscoring the significance of verifying the PAN status of deductees.

Posted in Income Tax | 4026 Views

Revised Schedule of CA Intermediate & Final for May 2024 Exams

25 January 2024 at 12:02

The Institute of Chartered Accountants of India (ICAI) has officially released the examination schedule for the May/June 2024 cycle of CA Intermediate, Final, and Foundation exams

Posted in Students | 36171 Views

Indian Space Association seeks GST exemption, tax holiday in Union Budget 2024-25

25 January 2024 at 09:07

The Indian Space Association (ISPA) has presented a comprehensive set of proposals to the government, seeking favorable fiscal measures in the upcoming Union Budget 2024-25.

Posted in Union Budget | 4575 Views

Final stage of preparations for Interim Union Budget 2024 commences with Halwa Ceremony

25 January 2024 at 09:06

The Halwa ceremony, marking the final stage of the Budget preparation process for Interim Union Budget 2024, was held in North Block

Posted in Union Budget | 5289 Views

IT department provides clarity on eligibility for deduction of donations to Ram Mandir u/s 80G

24 January 2024 at 09:23

The Income Tax department has provided clarity on the eligibility of donations made towards the repair, rebuild, or renovation of the Ram Mandir in Ayodhya, administered by the Shri Ram Janmabhoomi Teerth Kshetra Trust.

Posted in Income Tax | 17286 Views

CBDT releases key Direct Tax Statistics through Time-Series data

24 January 2024 at 09:21

The Central Board of Direct Taxes (CBDT) has been releasing key statistics relating to Direct Tax collections and administration in public domain from time to time.

Posted in Income Tax | 3366 Views

CBDT Releases Circular Explaining Amendments Of Income-Tax Act Carried Out Through Finance Act, 2023

24 January 2024 at 09:19

The Central Board of Direct Taxes (CBDT) has issued Circular No. 1/2024 on January 23, 2024, offering a detailed explanation of the provisions of the Finance Act, 2023.

Posted in Income Tax | 16233 Views