CAclubindia News
CII Urges Tax Reforms and Increased Capital Investment in Union Budget 2025-26
11 November 2024 at 06:44In a pre-Budget meeting with Revenue Secretary Sanjay Malhotra, the Confederation of Indian Industry (CII) urged the government to continue tax reforms and boost capital expenditure in the Union Budget for 2025-26.
Industry Bodies Urge Finance Ministry to Simplify TDS Rates in Union Budget 2025
11 November 2024 at 06:44In anticipation of the Union Budget 2025, leading industry bodies have urged the finance ministry to streamline the tax deducted at source (TDS) structure, aiming to reduce the compliance burden and minimize litigation for taxpayers, as per reports.
CBIC Simplifies Compliance for Customs Cargo Service Providers with New Insurance and Licensing Relaxations
09 November 2024 at 07:14CBIC introduces relaxations for Customs Cargo Service Providers (CCSPs) by reducing number of days for insurance of storage goods and withdrawal of licence renewal process for AEO-compliant CCSPs
Supreme Court Revives Rs 20,000 to 23,000 Crore in DRI Tax Notices Against Leading Companies
09 November 2024 at 07:02On Thursday, the Supreme Court of India reinstated tax notices worth an estimated ₹20,000-23,000 crore issued by the Directorate of Revenue Intelligence (DRI) to several major corporations, including Vedanta Ltd, Vodafone Idea Ltd, Adani Enterprises
Supreme Court Rules Salaries of Nuns and Priests in Aided Schools Are Subject to Income Tax
09 November 2024 at 07:00In a landmark judgment, the Supreme Court on Thursday upheld the Madras High Court's ruling that salaries paid to priests and nuns working as teachers in church-run, government-aided schools are subject to income tax.
GSTN Issues Waiver Scheme under Section 128A
08 November 2024 at 16:03GST Council in its 53rd meeting held on 22nd June, 2024 had recommended for waiver of interest and penalties in the demand notices or orders issued under Section 73 of the CGST Act, 2017
ICAI Announces Revised Criteria for Classification of Non-Company Entities for Applicability of Accounting Standards
08 November 2024 at 12:39The Council, at its 433rd meeting, held on August 13-15, 2024, considered the revised criteria for classification of Non-company entities for applicability of Accounting Standards issued by The Institute of Chartered Accountants of India (ICAI)
NFRA Board to Address Major Audit Standard Revisions Amid Tensions with ICAI
08 November 2024 at 06:51NFRA Board to Address Major Audit Standard Revisions Amid Tensions with ICAI
GSTN Issues Advisory related to Other Territory Applications
08 November 2024 at 06:42As per Notification No. 2/2017-Central Tax dated 19th June, 2017 read with Trade Notice No. 01/2017-Central Tax dated 21st June, 2017 issued by Office of the Chief Commissioner of Central Excise, Mumbai Zone I and GST Trade Notice No. 002/2017
RBI Reports 98% of Rs 2000 Banknotes Returned Post Withdrawal Announcement
08 November 2024 at 06:3998.04% of the Rs 2000 banknotes in circulation as on May 19, 2023, has been returned.
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