CAclubindia News

ICAI Invites Young CAs to Shine at 40 Under 40 Business Leader Awards 2024

21 October 2024 at 08:49

The ICAI, in collaboration with Business Standard, is inviting nominations for the 40 Under 40: CA Business Leader Awards 2024

Posted in Professional Resource | 1596 Views

RBI Bans Loan Sanction and Disbursal from Four NBFCs

21 October 2024 at 08:42

RBI orders ban on loan sanction and disbursal by four NBFCs, citing regulatory violations. Learn more about the impact and details of the directive

Posted in Community & General | 6672 Views

GoM Proposes GST Exemption on Life and Health Insurance Premiums for Senior Citizens

21 October 2024 at 08:42

In 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.

Posted in GST | 2088 Views

GoM Proposes Lower GST on Water Bottles and Bicycles; Higher Taxes on Luxury Shoes and Watches

21 October 2024 at 08:42

The 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.

Posted in GST | 996 Views

Number of Income Taxpayers in India Exceeds 10 Crore, Tax Buoyancy Hits 2+ in FY24

21 October 2024 at 08:42

India'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.

Posted in Income Tax | 1701 Views

Personal Income Tax Collection Surges 294% in FY24

21 October 2024 at 08:41

India'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.

Posted in Income Tax | 1524 Views

Income Tax Department Releases Handbook on Judicial Matters for Internal Use Only

21 October 2024 at 08:41

Explore 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.

Posted in Income Tax | 1188 Views

Direct Tax Share in GDP Reaches 24-Year High at 6.64% in FY24

21 October 2024 at 08:40

Direct 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.

Posted in Income Tax | 375 Views

New ICSI Guidelines: Company Secretaries Can Sign E-Form MGT-7 for Only 75 Firms Starting April 2025

19 October 2024 at 08:05

Company Secretaries to Sign E-form MGT-7 for Up to 75 Companies

Posted in Professional Resource | 5580 Views

ICAI Issues SOP for Law Enforcement Agencies on Handling Chartered Accountants During Investigations

19 October 2024 at 08:05

ICAI has released a comprehensive Standard Operating Procedure (SOP) to guide police and other law enforcement agencies during investigations, searches, seizures, interrogations, detentions and arrests of CAs.

Posted in Professional Resource | 3894 Views