CAclubindia News

GSTN Issues Advisory On e-Services App to Replace e-Invoice QR Code Verifier App

02 October 2024 at 09:31

GSTN is pleased to inform the launch of the new GSTN e-Services app, which replaces the old e-Invoice QR Code Verifier App.

Posted in GST | 348 Views

CBIC Amends Customs Exemptions & Concessions to Align HS Codes with Finance (No. 2) Act 2024

02 October 2024 at 09:30

In a significant move to streamline customs operations, the Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 45/2024-Customs, effective October 1, 2024.

Posted in GST | 1095 Views

ICAI Prioritizes Well-being of CAs: New Group Formed for Work-Life Balance & Stress Management

01 October 2024 at 14:57

ICAI reaffirms its commitment to addressing the urgent need for work-life balance and stress management within the profession.

Posted in Professional Resource | 2448 Views

ICICI Lombard Receives Rs 1388 Crore IT Demand for AY 2021-22

01 October 2024 at 09:10

ICICI Lombard General Insurance Co. has been served an income tax demand of ₹1,388.09 crore, including ₹321 crore in interest, by the Office of the Assistant Commissioner of Income-Tax, Mumbai.

Posted in Income Tax | 600 Views

GST Officials Arrested for Extortion: Rs 69 Lakh Cash and Gold Recovered

01 October 2024 at 09:08

In a shocking case of corruption, the Organised Crime Division of the police recovered ₹69 lakh in cash and 306 grams of gold from four GST officials arrested earlier in September for allegedly kidnapping and extorting ₹1.5 crore from businessman

Posted in GST | 1860 Views

Income Tax Simplification Gains Momentum: Feedback Process Set to Roll Out Ahead of Budget 2025

01 October 2024 at 09:08

Expectations are rising that the long-awaited simplification of India's Income Tax Act, 1961, could soon become a reality.

Posted in Income Tax | 2 comments | 1494 Views

ICAI invites suggestions on Comprehensive Review of the IT Act 1961 and Pre-budget Memorandum 2025

30 September 2024 at 17:24

The Hon'ble Finance Minister, while presenting the Union Budget 2024-25, announced that a comprehensive review of the Income-tax Act, 1961 for simplification of the language of the Act

Posted in Income Tax | 1176 Views

ICAI Extends Membership/COP Fee Payment Deadline for the year 2024-25 to 31st December

30 September 2024 at 17:23

Extension of last date for payment of Membership /COP fee for the year 2024-25 to 31st December, 2024.

Posted in Professional Resource | 3138 Views

Government Seeks Industry Suggestions for Simplifying IT Act Starting October

30 September 2024 at 15:26

The Indian government recently announced that, in an attempt to reform direct taxation policy, it will soon seek public suggestions for modifications of the Income Tax Act, 1961 from the private sector and tax professionals.

Posted in Income Tax | 339 Views

ICICI Prudential Life Insurance Receives Rs 361.23 Crore Income Tax Order for AY 2022-23

30 September 2024 at 09:14

ICICI Prudential Life Insurance Company Ltd announced on Friday, September 27, 2024, that it has received an income tax order totaling ₹361.23 crore for the assessment year 2022-23.

Posted in Income Tax | 681 Views