CAclubindia News

CBDT operationalises Advance Rulings in Delhi and Mumbai

21 August 2023 at 08:40

The Central Board of Direct Taxes constituted three Boards for Advance Rulings in September, 2021.

Posted in Income Tax | 2445 Views

CBDT notifies Rule for determination of value of perquisite in respect of residential accommodation provided by employer

21 August 2023 at 08:39

The Finance Act, 2023 brought in an amendment for the purposes of calculation of "perquisite" with regard to the value of rent-free or concessional accommodation provided to an employee, by his employer.

Posted in Income Tax | 8457 Views

ICAI | Revisions to Institute Document Authority and Quality Control Standards

21 August 2023 at 08:37

Amendment to the "Clarification Regarding Authority Attached to Documents Issued by the Institute" and Consequential Amendment to the "Preface to the Standards on Quality Control, Auditing, Review, Other Assurance and Related Services"

Posted in Professional Resource | 21261 Views

Income Tax Dept Introduces Challan Correction Facility for Easy Tax Payment Modifications

19 August 2023 at 08:31

The Income Tax India portal has introduced a new feature called "Challan Correction," accessible through the path Dashboard > Services > Challan Correction.

Posted in Income Tax | 13287 Views

GSTN issued advisory on E-Invoice Glossary and Steps

19 August 2023 at 08:30

GSTN has prepared an informative resource in the form of an e-invoice glossary and a step-by-step guide for your reference.

Posted in GST | 5940 Views

ICAI reschedules CA Foundation Dec 2023 Exams

18 August 2023 at 08:46

Institute of Chartered Accountants of India (ICAI) has rescheduled the CA Foundation December 2023 exams.

Posted in Students | 27867 Views

CBDT Releases Guidelines on Tax Exemption for Life Insurance Policies u/s 10(10D) of IT Act

18 August 2023 at 08:46

CBDT (Central Board of Direct Taxes) issued guidelines on the applicability of exemption under section 10(10D) of the Income Tax Act, 1961 (IT Act) for life insurance policies on August 16, 2023 vide Circular No. 15 of 2023.

Posted in Income Tax | 21042 Views

CBDT Sets New Rules for Calculating Income from Life Insurance Premiums Above Rs 5 Lakh

17 August 2023 at 08:57

Central Board of Direct Taxes (CBDT) notified Rule 11UACA on August 16, 2023, for tax calculation on life insurance policy amounts under section 56(2)(xiii) of the Income Tax Act, 1961 (the IT Act).

Posted in Income Tax | 18450 Views

CBDT Seeks Public Input on Proposed Changes to Form No. 6C

17 August 2023 at 08:56

CBDT has invited suggestions/comments on the draft Form No. 6C from stakeholders and general public. The deadline for submitting suggestions/comments is August 31, 2023.

Posted in Income Tax | 6876 Views

Online Gaming Firms Confront Rs 45000 Crore Tax Demand Post 28% GST Levy

17 August 2023 at 08:55

CBIC has evaluated the GST liabilities of the gaming firms in India, and it has been found that they were taxed at 18% on their gross gaming revenue, which was meant for skill-based games, instead of the legally prescribed 28%.

Posted in GST | 7062 Views