CAclubindia News

MSME Payment Rule Enforcement Set for April 1, Confirms Finance Ministry Officials

07 March 2024 at 09:12

One senior finance ministry official clarified, "Companies need to make payments to the MSME sector within 45 days, as per the Finance Act 2023, effective from April 1, 2024.

Posted in Income Tax | 1 comments | 71784 Views

MCA sets 6th March 2024 as Enforcement Date for Competition Act Amendments

07 March 2024 at 09:11

Through Notification No. S.O. 1065(E), dated March 05, 2024, the MCA has designated March 6, 2024, as the effective date for the implementation of crucial provisions outlined in sections 20, 35, and 40 of the Competition (Amendment) Act, 2023.

Posted in Corporate Law | 3111 Views

CBDT Amends Forms 3CD, 3CEB and 65 for Tax Audit and Tonnage Tax Applications

06 March 2024 at 12:02

The Central Board of Direct Taxes (CBDT) has recently made significant amendments to various tax-related forms, including the tax audit form (Form 3CD & Form No. 3CEB) and the Form for filing of tonnage tax application (Form 65).

Posted in Income Tax | 6213 Views

Rajasthan GST Department Unveils Detailed Procedure for Amnesty Scheme 2024

06 March 2024 at 09:03

In a move to streamline outstanding demands and disputed amounts, the Rajasthan GST Department has introduced the Amnesty Scheme-2024, aiming to provide relief to taxpayers and facilitate the resolution of pending issues.

Posted in GST | 831 Views

Ex-Income Tax Officials Sentenced to 3 Years in Corruption Case

06 March 2024 at 09:02

In a landmark ruling, a Central Bureau of Investigation (CBI) court has delivered a resounding blow against corruption by sentencing two former income tax officials, Mahesh Sompura and Mukesh Raval, to three years in prison each.

Posted in Income Tax | 711 Views

CBDT Extends Deadline for Trusts, Institutions to File Audit Reports on or before 31st March, 2024

06 March 2024 at 09:01

CBDT allows certain trusts/institutions to furnish the audit report in the applicable Form No. 10B / 10BB on or before 31st March, 2024

Posted in Income Tax | 1 comments | 7452 Views

FM Sitharaman Urges Clarity on GST Classification-Related Issues

05 March 2024 at 15:01

FM Nirmala Sitharaman, in a recent address at the National Conference of Enforcement Chiefs of the State and the Central GST Formations, emphasized the necessity for clarity on classification-related issues within the GST framework.

Posted in GST | 4797 Views

Udyam Assist Platform Registers 1.50 Crore Informal Micro Enterprises in Last 14 Months

05 March 2024 at 15:00

Udyam Assist Platform was launched by the Ministry of Micro, Small and Medium Enterprises on 11th January 2023 to facilitate registration of Informal Micro Enterprises (IMEs) through generation of Udyam Assist Certificate.

Posted in Corporate Law | 405 Views

Income Tax Department Enables Online Filing for Form I SWF

05 March 2024 at 14:58

The Income Tax Department released an update notifying taxpayers of the enabling of online filing for Form I SWF.

Posted in Income Tax | 900 Views

Income Tax Department Urges Taxpayers to File ITR-U for AY 2021-22 by 31st March 2024

05 March 2024 at 09:01

Last date for filing of updated returns (ITR-U) for A.Y. 2021-22 (i.e. for F.Y. 2020-21) is 31.03.2024

Posted in Income Tax | 1 comments | 4920 Views