CAclubindia News

Pre-Budget 2024-25 Discussions Focus on Tax Relief for Middle Class, Fuel Duty Cuts and Public Capex Push

01 January 2025 at 08:00

Tax exemptions for the middle class, reduction in excise duties on petrol and diesel, and an increased focus on public capital expenditure (capex) emerged as key suggestions during Pre-Budget discussions held on Monday.

Posted in Income Tax | 558 Views

Kerala to Mandate E-Way Bill for Gold Transportation Above Rs 10 Lakh from 1st January

01 January 2025 at 08:00

Starting January 1, 2025, transporting gold worth more than ₹10 lakh in Kerala will require an e-way bill, as announced by State GST Commissioner Ajith Patil.

Posted in GST | 837 Views

Biometric Aadhaar Authentication Made Mandatory for GST Registration in Arunachal Pradesh

01 January 2025 at 08:00

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Arunachal Pradesh

Posted in GST | 591 Views

CBDT Extends Deadline for Furnishing Belated / Revised ITR for AY 2024-25 to 15th January 2025

31 December 2024 at 12:35

CBDT has announced an extension for furnishing belated or revised income tax returns for the AY 2024-25. Originally set for Dec 31, 2024, the due date for submitting these returns has now been extended to January 15, 2025.

Posted in Income Tax | 8610 Views

Trade Bodies and Tax Professionals Call for GST Reforms in Union Budget 2025

31 December 2024 at 09:12

As the Union Budget 2025 approaches, trade associations and tax professionals have voiced their expectations for significant changes to the Goods and Services Tax (GST) framework.

Posted in GST | 2028 Views

Govt to Focus on Simplifying Tax Policies in 2025

31 December 2024 at 09:12

As India enters the New Year, the government has prioritized the simplification of direct and indirect tax policies, aiming to reduce compliance burdens and foster a taxpayer-friendly environment.

Posted in Income Tax | 2118 Views

CBDT Extends Deadline for Tax Payable Calculation Under Vivad Se Vishwas Scheme, 2024 to 31st January 2025

31 December 2024 at 09:10

In a significant relief for taxpayers, the CBDT, through Circular No. 20/2024 dated Dec 30, 2024, has extended the due date for determining the payable amount under column (3) of the Table in section 90 of the Direct Tax Vivad Se Vishwas Scheme, 2024.

Posted in Income Tax | 3132 Views

ICAI successfully Concludes 26th Council and 25th Regional Councils Elections

31 December 2024 at 09:09

The Institute of Chartered Accountants of India (ICAI) successfully conducted elections for its 26th Council and 25th Regional Councils on December 6th and 7th, 2024.

Posted in Professional Resource | 654 Views

ICAI Extends CPE Hours Compliance Deadline for 2024 to 28th February 2025

30 December 2024 at 13:40

ICAI extends the last date for CPE hours' compliance for the calendar year 2024 from 31st December 2024 to 28th February 2025. Stay updated and ensure timely compliance!

Posted in Professional Resource | 5331 Views

GST Rate Tweaks, Direct Tax Code: High Stakes for New Revenue Secretary

30 December 2024 at 09:06

Dr. Arunish Chawla, a seasoned IAS officer of the 1992 Bihar cadre, assumed the role of Revenue Secretary in the Ministry of Finance on Thursday. A distinguished economist with a Master's and Doctorate from the London School of Economics, Chawla brin

Posted in Income Tax | 717 Views