CAclubindia News
President Murmu Gives Assent to Finance (No 2) Bill 2024
17 August 2024 at 07:47In a significant development, President Droupadi Murmu on 16th August 2024, Friday gave her assent to the Finance (No 2) Bill, 2024, officially enacting it into law.
Finance Ministry Grants Income Tax Exemption to UIDAI for 5 Years Until FY 2027-28
16 August 2024 at 13:04IntroductionIn a significant move, the Ministry of Finance has granted the Unique Identification Authority of India (UIDAI) a five-year exemption from paying income tax, effective until the fiscal year 2027-28.
CBDT Launches Probe into Foreign Remittances Exceeding Rs 6 Lakh
16 August 2024 at 08:56The Central Board of Direct Taxes (CBDT), the apex body overseeing direct tax collection in India, has reportedly launched an extensive investigation into high-value foreign remittances exceeding ₹6 lakh.
MCA Notifies National Financial Reporting Authority Appointment of Part-Time Members (Amendment) Rules, 2024
16 August 2024 at 08:55On August 13, 2024, the Ministry of Corporate Affairs (MCA) issued Notification No. G.S.R. 496(E), announcing amendments to the National Financial Reporting Authority (NFRA) Appointment of Part-Time Members Rules.
FM Sitharaman Highlights Need for Tax Revenue to Support Green Energy Innovations
15 August 2024 at 07:36In a keynote address at the 11th convocation of the Indian Institute of Science Education and Research (IISER) Bhopal on August 13, Finance Minister Nirmala Sitharaman highlighted the critical role of tax revenue and innovation in India's transition
Service Tax Officer Sentenced to 5 Years in Jail for Corruption in Ahmedabad
15 August 2024 at 07:32CBI court in Ahmedabad has sentenced Hashmukh Chhaganbhai Rathod, a former superintendent in the service tax department, to five years of rigorous imprisonment on charges of corruption.
54th GST Council Meeting Scheduled for 9th September
15 August 2024 at 07:31The upcoming 54th GST Council meeting, scheduled for September 9, 2024, in New Delhi, is expected to address several key issues
MCA Notifies Companies (Indian Accounting Standards) Amendment Rules, 2024
14 August 2024 at 17:24On August 12, 2024, the Ministry of Corporate Affairs (MCA) issued Notification No. G.S.R. 492 (E), which introduces the Companies (Indian Accounting Standards) Amendment Rules, 2024.
Supreme Court Rules States Can Recover Mineral Rights Tax Dues Only Until 1st April 2005
14 August 2024 at 17:24The Supreme Court on Wednesday (August 14) rejected the argument that its July 25 judgment, which upheld the authority of States to levy taxes on mineral rights and mineral-bearing lands, should apply only prospectively.
GST Officer and Lawyers Nabbed in Rs 718 Crore Scam with 500 Fake Firms
14 August 2024 at 09:17IntroductionIn a stunning revelation, a complex GST fraud involving ₹54 crore has been uncovered by the Anti-Corruption Bureau (ACB) of the Delhi Government.
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