CAclubindia News

Kerala GST Department Implements New Software for Filing Returns and Tax Payments Under Legacy Acts

08 August 2024 at 09:14

On August 3, 2024, the Kerala GST Department issued Trade Circular No. 14/2024-Kerala GST, announcing the implementation of new software for filing returns and payment of taxes under legacy acts.

Posted in GST | 2439 Views

Finance Bill 2024 passed in Lok Sabha With 45 Amendments

07 August 2024 at 22:09

In a major relief to the real estate sector, Lok Sabha on Wednesday approved the Finance Bill 2024 carrying relaxed capital gains tax provisions in respect of land or building.

Posted in Union Budget | 8898 Views

ICAI Issues Guidance Notes for CA Final Nov 2024: Permanent Exemption Continuation Explained

07 August 2024 at 15:03

Guidance Notes for Continuing the Exhausted Exemptions - Making Exemption/s Permanent

Posted in Students | 12765 Views

Indexation in Real Estate Reinstated: New Rate Choices for Taxpayers

07 August 2024 at 09:47

In a notable shift in tax policy, the Indian government has proposed an amendment allowing property buyers to choose between two tax calculation methods for long-term capital gains (LTCG) under the Finance Bill, tabled in the Lok Sabha on August 6.

Posted in Income Tax | 7713 Views

MCA Notifies Companies (Adjudication of Penalties) Amendment Rules, 2024, Effective from 16th September

07 August 2024 at 09:06

The Ministry of Corporate Affairs (MCA) has issued Notification No. G.S.R. 476(E) dated August 05, 2024, to notify the Companies (Adjudication of Penalties) Amendment Rules, 2024.

Posted in Corporate Law | 4365 Views

MCA Notifies Limited Liability Partnership (Amendment) Rules, 2024, Effective from 27th August

07 August 2024 at 09:05

The Ministry of Corporate Affairs (MCA) has issued Notification No. G.S.R. 475(E) dated August 05, 2024, announcing the Limited Liability Partnership (Amendment) Rules, 2024.

Posted in Corporate Law | 17469 Views

FM Nirmala Sitharaman Clarifies GST Compensation Cess Extension in Lok Sabha

07 August 2024 at 09:05

During a lively Question Hour session in Parliament, Tamil Nadu MP D. Ravikumar raised a critical issue regarding the continuation of the GST compensation cess, even though direct payments to states have ceased.

Posted in GST | 2991 Views

Government Collects Rs 8,263 Crore GST on Health Insurance Premiums in FY 2023-24

07 August 2024 at 09:04

In the fiscal year 2023-24, the Indian government has collected Rs 8,263 crore as GST on health insurance premiums, as informed by the Minister of State for Finance, Pankaj Chaudhary, in Parliament on Monday.

Posted in GST | 1 comments | 2244 Views

CBDT Clarifies Non-Applicability of Higher TDS/TCS Rates in Case of Deceased Deductees or Collectees Pre-Aadhaar-PAN Linkage

06 August 2024 at 15:58

CBDT has issued a crucial circular (No. 08/2024 dated August 05, 2024) providing clarity on the non-applicability of higher rates of TDS and TCS under sections 206AA and 206CC of the Income-tax Act, 1961

Posted in Income Tax | 3087 Views

Self-Invoicing Sparks GST Compliance Challenges for Indian Corporates

06 August 2024 at 08:52

Indian corporates are currently navigating a complex landscape of GST compliance, particularly concerning self-invoicing and the reverse charge mechanism (RCM) for services received from foreign entities.

Posted in GST | 5421 Views