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ICAI Introduces 2024 Edition of Excel Utility for Bank Branch Audits

   29 February 2024 at 09:02

The Institute of Chartered Accountants of India (ICAI) has launched the latest version of the Excel Utility for Bank Branch Audits in 2024.

Posted in Audit |   7500 Views


Hyderabad YouTube Lecturer Arrested for Defrauding Chartered Accountants of Rs 2.48 Crore

   28 February 2024 at 09:11

The Hyderabad police have apprehended Srinath Rathi, a 29-year-old individual running a YouTube channel, on charges of defrauding chartered accountants to the tune of Rs 2.48 crore.

Posted in Others |   4896 Views


Income Tax Department Unveils User Guide for Responding to Notices under e-Verification Scheme, 2021

   28 February 2024 at 09:11

The Directorate of Income Tax (Systems) has unveiled Version 3.0.0 of the User Guide for Submitting Response to Notices and Letters Received under the e-Verification Scheme, 2021.

Posted in Income Tax |   4776 Views


RBI Issues Master Direction for Filing of Supervisory Returns

   28 February 2024 at 09:09

The Master Direction provides a broader framework to understand the purpose of the returns and harmonises the timelines for their submission.

Posted in Others |   1182 Views


FM Unveils 433% Surge in Capital Expenditure Alongside Strong Tax Revenue Growth

   27 February 2024 at 09:09

In a significant announcement on February 22, 2024, FM revealed that the Indian government's robust tax revenue has paved the way for substantial increases in capital expenditure and sustained investment in infrastructure development projects.

Posted in Income Tax |   1386 Views


New e-Verification Scheme-2021 Rolled Out by Income Tax Department to Address Mismatches in Taxpayer Returns

   27 February 2024 at 09:08

Income Tax Department has identified certain mismatches between third party information on interest and dividend income, and the Income Tax Return (ITR) filed by taxpayers

Posted in Income Tax |   17160 Views


ICAI to Scrutinize Paytm, Progress Update on BYJU'S Review

   26 February 2024 at 15:43

ICAI President disclosed that the FRRB may soon discuss the recent developments surrounding Paytm, alongside its ongoing review of ed-tech giant Byju's accounts due to governance concerns.

Posted in Others |   4185 Views


GST Council Set to Clarify Tax Exemption for RERA

   26 February 2024 at 14:30

The Goods and Services Tax (GST) Council is poised to provide clarity regarding the exemption of the Real Estate Regulatory Authority (RERA) from GST payments, a senior official has revealed.

Posted in GST |   3975 Views


GST Launches 'Operation White Pepper' to Combat Tax Evasion in Wayanad resorts

   26 February 2024 at 09:12

In a proactive move to curb tax evasion and protect state revenues, the intelligence wing of the GST department has launched "Operation White Pepper," targeting major resorts in the district.

Posted in GST |   2115 Views


Assets Worth Rs 5 Crore Seized in Rs 10,000 Crore GST Fraud Case

   26 February 2024 at 09:10

In a significant development, the Noida police have executed a district court order to attach immovable assets belonging to two Delhi-based individuals accused of orchestrating a massive GST fraud amounting to nearly ₹10,000 crore.

Posted in GST |   2034 Views