CAclubindia News

Delhi HC rules against tax on income from FDRs until ownership is proved

13 October 2022 at 08:38

The Delhi High Court has held that income tax cannot be levied on the interest income from fixed deposits till the ownership is determined by the arbitral tribunal.

Posted in Income Tax | 2 comments | 4806 Views

ACB Gujarat nabbed GST officer, CA & other middlemen in a bribe case

12 October 2022 at 08:28

Anti Corruption Bureau (ACB) Gujarat has booked the state tax officer of the State Tax department in Ahmedabad along with two middlemen including one Chartered Accountant (CA) in a bribe case involving the sum of Rs 35 thousand.

Posted in GST | 1 comments | 8139 Views

E-invoices must for businesses with over Rs. 5 crore turnover a year

11 October 2022 at 14:10

Businesses with annual turnover of over Rs. 5 crore will have to move to e-invoicing under goods and services tax (GST) from January 1. The GST Network has asked its technology providers to make the portal ready to handle the increased capacity by De

Posted in GST | 20190 Views

CBDT notifies Income-tax (Thirty-Third Amendment) Rules, 2022

11 October 2022 at 08:44

CBDT makes rules further to amend the Income-tax Rules, 1962

Posted in Income Tax | 8685 Views

ICAI releases 3rd edition of IFRS for SMEs Accounting Standard

11 October 2022 at 08:44

Exposure Draft of the third edition of the IFRS for SMEs Accounting Standard issued by the IASB.

Posted in Accounts | 6345 Views

ICAI organizes International Research Awards 2022

11 October 2022 at 08:44

The International Research Awards aims to recognizes the research community across the globe and their contribution in fostering innovation and value creation. ..

Posted in Professional Resource | 4005 Views

FM Sitharaman to attend IMF, World Bank annual meetings in US

11 October 2022 at 08:44

Union Finance Minister Smt. Nirmala Sitharaman to embark late tonight on official visit to USA to attend Annual Meetings of the IMF-World Bank from 11th to 16th October 2022Union Finance Minister to participate also in G20 Finance Ministers & Cen

Posted in Others | 2037 Views

Exporters seek GST exemption on freight

10 October 2022 at 08:48

Indian exporters have urged the government to extend the rupee payment mechanism to more countries, and restore the 18% goods and services tax (GST) exemption on export freight amid the World Trade Organization (WTO)'s forecast hinting at a sharp

Posted in GST | 2607 Views

Gross Direct Tax Collections grows 23.8% to Rs. 8.98 lakh crore

09 October 2022 at 12:20

Direct Tax collections up to 8th October, 2022 show that gross collections are at Rs. 8.98 lakh crore which is 23.8% higher than the gross collections for the corresponding period of last year.

Posted in Income Tax | 4017 Views

Govt mulls star rating system under GST to curb illegal ITC

08 October 2022 at 08:37

Aiming to decriminalise offences under GST, the government is working on a provision to raise the threshold limit for launching prosecution and lower charges for compounding of offence, an official said on 28 September.

Posted in GST | 4674 Views