CAclubindia News

CBDT Extends Form 10B/10BB Filing Deadline to 10th November 2024

09 October 2024 at 09:28

The Central Board of Direct Taxes (CBDT), in a significant move, has extended the deadline for filing Form 10B and 10BB until November 10, 2024

Posted in Income Tax | 6786 Views

Shri M. Rajeshwar Rao re-appointed as RBI Deputy Governor

08 October 2024 at 08:57

The Central Government has re-appointed Shri M. Rajeshwar Rao as Deputy Governor, Reserve Bank of India for a period of one year with effect from October 09, 2024, or until further orders, whichever is earlier.

Posted in Others | 486 Views

RBI appoints Shri Aviral Jain as new Executive Director

08 October 2024 at 08:53

The Reserve Bank of India (RBI) has appointed Shri Aviral Jain as Executive Director (ED) with effect from October 01, 2024.

Posted in Others | 645 Views

AIFs and Govt in Talks Over Taxation of 'Carry Income' Amid GST Concerns

08 October 2024 at 08:51

Recently, the Indian government has requested private equity and venture capital industry to explain how other countries tax fund managers, particularly in relation to the application of GST to 'carry earnings'

Posted in GST | 1479 Views

CBDT Forms Committee to Review Income Tax Act, Seeks Public Input via e-Filing Portal

08 October 2024 at 08:38

In pursuance of the announcement in the Union Budget 2024-25 by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman, the CBDT has formed an internal committee to oversee a comprehensive review of the Income-tax Act, 1961 (Act).

Posted in Income Tax | 1365 Views

J&K High Court Slams GST Authorities for Wrongfully Withholding Entrepreneur's Tax Refund

08 October 2024 at 08:37

The Jammu and Kashmir High Court recently penalized the Union Territory's GST Department with a Rs 30,000 fine for unjustly withholding a tax refund owed to M/s Hallmark, a garment manufacturer based in Jammu.

Posted in GST | 435 Views

Businessman Stages Semi-Naked Protest at Ghaziabad GST Office, Alleges Bribery and Harassment

07 October 2024 at 09:08

In a dramatic protest, Meerut-based iron trader Akshay Jain stripped down to his underwear at the Mohan Nagar GST office in Ghaziabad, alleging persistent harassment by officials of the department.

Posted in GST | 2484 Views

FM Nirmala Sitharaman Urges IT Department to Address Tax Refund Delay Complaint

07 October 2024 at 09:04

On October 4, Finance Minister Nirmala Sitharaman called on the Income Tax department to address a complaint raised by a taxpayer who has faced delays in receiving a tax refund.

Posted in Income Tax | 1 comments | 3447 Views

SpiceJet Clears Four-Month Pending Salaries, Settles GST Dues and Deposits 10-Month PF Contributions

07 October 2024 at 09:00

SpiceJet announced on Friday that it has cleared all pending salary and GST dues, following the recent infusion of ₹3,000 crore through a Qualified Institutional Placement (QIP) of shares on September 23.

Posted in GST | 1668 Views

Tax Commissioner Conducts Surprise Inspection, Warns Traders on GST Evasion

07 October 2024 at 09:00

On Thursday, State Financial Commissioner (Taxation) Krishan Kumar conducted a surprise inspection in the old market area near Rainak Bazaar, uncovering a common practice of shop owners selling items without issuing bills to evade GST.

Posted in GST | 2 comments | 1983 Views