CAclubindia News
Direct Tax Vivad Se Vishwas Scheme 2024 Set to Launch on 1st October 2024
20 September 2024 at 09:22The Finance Ministry has announced the launch of the second edition of the Direct Tax Vivad Se Vishwas Scheme 2024 (VSV 2.0), effective October 1, 2024.
Sun Pharma Faces Rs 35.43 Lakh GST Penalty for Unpaid Taxes on Recoveries from July 2017 to March 2020
20 September 2024 at 09:19Sun Pharmaceutical Industries Limited has been penalized by the Assistant Commissioner, Goods & Service Tax, Division, Mohali-I, Punjab, according to a recent stock exchange filing.
Zydus Wellness Subsidiary Hit with Rs 10.51 Million Tax Demand in Bihar, Stock Prices Decline
20 September 2024 at 09:18Zydus Wellness Limited announced that its wholly-owned subsidiary, Zydus Wellness Products Limited (ZWPL), has received a tax demand of ₹10.51 million from Bihar state tax authorities.
SpiceJet Discloses Rs 427 Crore Unpaid GST, TDS and PF Dues Since 2020
20 September 2024 at 09:16Budget airline SpiceJet disclosed on Tuesday that it has not paid statutory dues totalling Rs 427 crore from April 2020 to August 2024 due to severe financial constraints.
E-Way Bill Generation Hits Record 10.54 Crore in August
20 September 2024 at 09:14Improved compliance and stricter enforcement by GST field formations have led to a surge in e-way bill generation, reaching an all-time high of 10.54 crore in August 2024, according to data from the Goods and Services Tax Network (GSTN).
Finance Ministry Fast-Tracks Income Tax Act Review, Targets January 2025 Deadline
20 September 2024 at 09:12The Finance Ministry is accelerating efforts to review and simplify the Income Tax Act, 1961, with a target completion date of January 2025, ahead of the Union Budget in February, sources familiar with the matter revealed.
Indian Overseas Bank Receives Rs 123.87 Crore Income Tax Refund for AY 2021-22
20 September 2024 at 09:08In a significant financial development, public sector lender Indian Overseas Bank (IOB) announced on Thursday, September 19, that it has received an order from the Income Tax Department confirming a refund of ₹123.87 crore.
Net Direct Tax Collections Surge 21.48% YoY, Reach Rs 12.01 Lakh Crore by September 2024
19 September 2024 at 14:43For the period from April to September 2024, gross direct tax collections have reached Rs 12.01 lakh crore, a significant rise from Rs 9.88 lakh crore collected during the same period in 2023.
Tragic Death of Young CA at EY Highlights Toxic Work Culture Debate
19 September 2024 at 11:01The recent passing of 26-year-old Anna Sebastian Perayil, a newly hired Chartered Accountant at Ernst & Young (EY) in Pune, has ignited a widespread discussion on social media about the prevalence of toxic work environments in India.
NFRA Releases Revised SA 600 for Public Consultation to Strengthen Group Audits
19 September 2024 at 09:13The National Financial Reporting Authority (NFRA) has issued revised Standards on Auditing (SA 600) for public consultation, aiming to strengthen group audits in response to deficiencies highlighted in several corporate fraud cases.
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