CAclubindia News

FM Nirmala Sitharaman Chairs First Pre-Budget Consultation with Leading Economists

21 June 2024 at 08:45

On Wednesday, Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, chaired the first pre-budget consultation in preparation for the General Budget 2024-25.

Posted in Union Budget | 2493 Views

Govt May Raise Tax Exemption Limit To Rs 5 Lakh Under New Tax Regime

20 June 2024 at 09:03

Multiple officials have indicated that the Centre may raise the income threshold for tax exemption in the upcoming budget, expected to be presented in mid-July...

Posted in Income Tax | 1 comments | 3732 Views

Businessman Denied Pre-Arrest Bail in Rs 13 Crore GST Fraud Case

20 June 2024 at 09:02

In a significant development in the ongoing GST fraud investigation, a local court has denied pre-arrest bail to businessman Ritesh Garg.

Posted in GST | 966 Views

Budget 2024: Govt Poised to Slash Personal Income Tax Rates

19 June 2024 at 08:49

The government is reportedly considering significant reforms to the current income tax structure, specifically targeting lower income levels, to enhance consumption and stimulate economic activity.

Posted in Union Budget | 3759 Views

Gross Direct Tax collections for FY 2024-25 register a growth of 22.19%

19 June 2024 at 08:47

The provisional figures of Direct Tax collections for the Financial Year 2024-25 (as on 17.06.2024) show that Net collections are at Rs. 4,62,664 crore, compared to Rs. 3,82,414 crore

Posted in Income Tax | 486 Views

GST Officials Conduct Raids on 18 Resorts and 15 Water Parks Statewide

18 June 2024 at 09:08

In a significant crackdown on tax evasion, state GST officials have conducted raids at 18 resorts in the Gir Somanath and Dwarka districts, uncovering suspicious transactions worth Rs 16.29 crore.

Posted in GST | 4152 Views

Income Tax Department Releases ITR 3 Validation Rules for AY 2024-25

18 June 2024 at 08:58

In an effort to enhance data quality and accuracy in tax returns, the Income Tax Department has introduced ITR 3 validation rules for the Assessment Year 2024-25.

Posted in Income Tax | 3876 Views

Major GST Bogus Billing Racket Worth Rs 1K Crore Busted by CID Crime

18 June 2024 at 08:57

In a significant crackdown on financial fraud, CID Crime on Thursday uncovered a major GST bogus billing racket valued at Rs 1,000 crore.

Posted in GST | 6183 Views

Tamil Nadu Recovers Rs 1524 Crore Under IGST with Tax Research Unit's Efforts

17 June 2024 at 08:57

The Commercial Taxes Department of Tamil Nadu has successfully recovered ₹1,523.95 crore under the Integrated Goods and Services Tax (IGST), thanks to the diligent work of its newly established Tax Research Unit.

Posted in GST | 3120 Views

CBIC mounts campaign against frauds committed in the name of Indian Customs

17 June 2024 at 08:56

CBIC urges public to discern the modus operandi of fraudsters, protect their information, verify antecedents of caller and report such acts by staying alert

Posted in GST | 1770 Views