CAclubindia News

IT Rule 11UAC Amended to Encourage Relocation of Funds & Movable Property

20 July 2023 at 08:52

The Income-tax (Thirteenth Amendment) Rules, 2023 were notified by the Central Board of Direct Taxes on 18th July 2023.

Posted in Income Tax | 8235 Views

Fake GST Inspector Held for Cheating Jeweller of Rs 6 Crore

20 July 2023 at 08:51

A 42-year-old man has been arrested in Delhi for cheating a jeweller of Rs 6 crore by posing as a GST inspector.

Posted in GST | 4578 Views

ICAI | Second Phase of Peer Review Mandate Deferment Extended

20 July 2023 at 08:50

Further deferment of second phase of Peer Review Mandate

Posted in Professional Resource | 5010 Views

Bengaluru Employee's Tweets About High Taxes Prompt Calls for Reform

19 July 2023 at 15:18

A Bengaluru-based e-commerce employee recently took to Twitter to vent his frustration about the high taxes he pays on his earnings and spendings.

Posted in Income Tax | 1 comments | 19002 Views

Over 3 crore ITRs filed for FY 2022-23 as of 18th July 2023

19 July 2023 at 15:17

As of July 18, 2023, over 3 crore income tax returns have been filed for the financial year 2022-23

Posted in Income Tax | 7275 Views

CBDT | Exemptions for Non-Resident Financial Instruments and Specified Funds in IFSC

19 July 2023 at 08:54

Central Board of Direct Taxes (CBDT) issued the Income-tax (Twelfth Amendment) Rules, 2023 on July 17, 2023. The amendment aims to provide exemptions and regulations regarding certain income and financial instruments for non-residents.

Posted in Income Tax | 4473 Views

IT department clarifies why PAN cards of some NRIs were made inoperative

19 July 2023 at 08:52

The Income Tax Department (ITD) has clarified that the PAN cards of NRIs who have not met the following two criteria have been made inoperative

Posted in Income Tax | 12045 Views

ICAI | IASB Seeks Feedback on IFRS 15 Implementation

19 July 2023 at 08:51

Request for Information on Post-implementation Review of IFRS 15, Revenue from Contracts with Customers issued by the IASB

Posted in Accounts | 5334 Views

Clarification on Interest Charges for Wrong Availment of IGST Credit u/s 50(3) of CGST Act

18 July 2023 at 08:54

CBIC vide Circular No. 192/04/2023-GST dated July 17, 2023 has issued clarification on charging of interest under section 50(3) of the CGST Act, 2017, in cases of wrong availment of IGST credit and reversal thereof.

Posted in GST | 15006 Views

Clarification on Holding Company's Taxability of Subsidiary Shares

18 July 2023 at 08:53

CBIC vide Circular No. 196/08/2023-GST dated July 17, 2023 has issued a clarification on the taxability of shares held in a subsidiary company by the holding company.

Posted in GST | 4344 Views