CAclubindia News
GST Panels Propose Major Rate Changes for 100+ Products
22 October 2024 at 08:41The GoM will submit its recommendations to the GST Council by October-end, which will make the final decision. Additionally, the panel also addressed the GST on around 100 products.
ICAI Announces Observer Empanelment for January 2025 CA Exams
22 October 2024 at 08:40ICAI has announced the empanelment of members to act as observers for the upcoming Chartered Accountants (CA) examinations, scheduled from January 11 to January 21, 2025.
ICAI Invites Young CAs to Shine at 40 Under 40 Business Leader Awards 2024
21 October 2024 at 08:49The ICAI, in collaboration with Business Standard, is inviting nominations for the 40 Under 40: CA Business Leader Awards 2024
RBI Bans Loan Sanction and Disbursal from Four NBFCs
21 October 2024 at 08:42RBI orders ban on loan sanction and disbursal by four NBFCs, citing regulatory violations. Learn more about the impact and details of the directive
GoM Proposes GST Exemption on Life and Health Insurance Premiums for Senior Citizens
21 October 2024 at 08:42In a significant development for the insurance sector, the Group of Ministers (GoM) has proposed exempting Goods and Services Tax (GST) on term life insurance premiums and health insurance premiums paid by senior citizens.
GoM Proposes Lower GST on Water Bottles and Bicycles; Higher Taxes on Luxury Shoes and Watches
21 October 2024 at 08:42The Group of Ministers (GoM) on Goods and Services Tax (GST) rate rationalisation met on Saturday to discuss significant tax adjustments aimed at easing the financial burden on consumers.
Number of Income Taxpayers in India Exceeds 10 Crore, Tax Buoyancy Hits 2+ in FY24
21 October 2024 at 08:42India's income taxpayer base has crossed 10 crore, nearly doubling in the last decade. Tax buoyancy rose to over 2 in FY24, indicating strong tax revenue growth aligned with GDP.
Personal Income Tax Collection Surges 294% in FY24
21 October 2024 at 08:41India's personal income tax collection rose by 294% over a decade, reaching Rs 10.45 lakh crore in FY24, while corporate tax collections grew by 112%. Tax compliance, return filings, and India's tax-to-GDP ratio also improved.
Income Tax Department Releases Handbook on Judicial Matters for Internal Use Only
21 October 2024 at 08:41Explore key insights from the Handbook on Judicial Matters, including guidelines for filing appeals in the ITAT, High Court, NCLT and NCLAT, along with prosecution procedures and more.
Direct Tax Share in GDP Reaches 24-Year High at 6.64% in FY24
21 October 2024 at 08:40Direct taxes surged to 6.64% of GDP in FY24, with collections rising by 17.82%, outpacing nominal GDP growth. Personal income tax collections also surpassed corporation tax for the second year in a row.
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