CAclubindia News

Last date for linking of PAN-Aadhaar extended to 30th June 2023

28 March 2023 at 15:10

In order to provide some more time to the taxpayers, the date for linking PAN and Aadhaar has been extended to 30th June, 2023, whereby persons can intimate their Aadhaar to the prescribed authority for Aadhaar-PAN linking without facing repercussions.

Posted in Income Tax | 40677 Views

10 new income tax rules w.e.f 1st April 2023 for taxpayers

28 March 2023 at 08:45

There are many changes in the income tax rules effective from this financial year

Posted in Income Tax | 1 comments | 24618 Views

FM moves amendment to Finance Bill in Parliament to correct STT rate

28 March 2023 at 08:44

Finance minister Nirmala Sitharaman on Monday moved an amendment to the Finance Bill in Rajya Sabha to correct the figures with regard to rate of Security Transaction Tax (STT) to be levied on sale of options as well as futures.

Posted in Income Tax | 4389 Views

Copy of Finance Bill 2023 as passed by the Lok Sabha

28 March 2023 at 08:43

The Finance Bill 2023 was passed in the Lok Sabha without a discussion on March 24. T

Posted in Union Budget | 8061 Views

Ministry of Finance states 15% increase in GST Collection YoY

28 March 2023 at 08:41

There has been an increase of 15% in GST Collection in the month of December (FY 2022-23) as compared to the month of December (FY 2021-22)

Posted in GST | 2970 Views

Use of data analytics, big data and AI/ML in tax administration to make it more effective

28 March 2023 at 08:40

Both direct and indirect tax departments employ data analytics, big data and Artificial Intelligence/Machine Learning in tax administration to make it more effective, free of official discretion, business and taxpayers friendly

Posted in Income Tax | 5508 Views

Individual taxpayers with income marginally over Rs 7 lakh to get relief under new tax regime

27 March 2023 at 08:39

The government has provided additional relief to taxpayers under the new income tax regime by tweaking it so that those earning over the tax-free limit of Rs 7 lakh per annum

Posted in Income Tax | 9612 Views

TDS on all winnings from online gaming to come into effect from 1st April

27 March 2023 at 08:38

The TDS or tax deducted at source on online gaming applications will now be effective from 1 April, 2023 as against an earlier provision of 1 July, 2023.

Posted in Income Tax | 6600 Views

Credit card payments on foreign tours to be brought under LRS to ensure compliance with TCS

27 March 2023 at 08:38

Credit card payments for foreign travel will be brought under Reserve Bank’s Liberalised Remittance Scheme (LRS) to ensure that such expenses do not escape TCS (Tax Collection at Source).

Posted in Income Tax | 5256 Views