CAclubindia News

CBDT notifies 363 as Cost Inflation Index for FY 2024-25

25 May 2024 at 09:02

The Central Board of Direct Taxes (CBDT) has officially notified "363" as the Cost Inflation Index (CII) for the financial year 2024-25.

Posted in Income Tax | 4824 Views

MCA Fines Satya Nadella, LinkedIn India and 8 Executives for Violating SBO Norms

24 May 2024 at 09:02

The Corporate Affairs Ministry on Wednesday imposed fines on Microsoft-owned LinkedIn India, its top executives including CEO Satya Nadella, and eight other individuals.

Posted in Corporate Law | 3336 Views

GSTN Issues Letter on CBIC Migration to GSTN Back Office

24 May 2024 at 08:59

The Goods and Services Tax Network (GSTN) has issued a significant letter (F. No. GSTN/PMO/CBIC/2023 dated May 22, 2024) to the Chief Commissioner/Commissioner of State Taxes.

Posted in GST | 1500 Views

Tea-Seller Faces Rs 49 Crore IT Penalty Due to Fraudulent Transactions by Longtime Customers

23 May 2024 at 08:48

In a shocking turn of events, Khemraj Dave, a humble tea-seller from Patan, has found himself entangled in a massive financial fraud, leading to an astonishing penalty notice from the Income Tax (IT) department.

Posted in Income Tax | 13353 Views

FM Nirmala Sitharaman urges ICAI to set up 'Big 4'- like Indian Firm

23 May 2024 at 08:47

In a dynamic call to action, Finance Minister Nirmala Sitharaman on Tuesday urged the Bihar chapter of the Institute of Chartered Accountants of India (ICAI) to spearhead the creation of a formidable Indian auditing firm.

Posted in Professional Resource | 1 comments | 10104 Views

RBI Announces Record Dividend of Rs 2.11 Lakh Crore To Government

23 May 2024 at 08:46

RBI approved the transfer of Rs 2,10,874 crore as surplus to the Central Government for the accounting year 2023-24.

Posted in Others | 534 Views

Businessman arrested in Rs 263 Crore Income Tax Refund Fraud

22 May 2024 at 09:01

Directorate of Enforcement (ED), Mumbai Zonal Office has arrested one Rajesh Brijlal Batreja on 16.05.2024 under the provisions of Prevention of Money Laundering Act (PMLA), 2002 in case of Income Tax Refund fraud of Rs. 263 Crore.

Posted in Income Tax | 1593 Views

Income Tax Raid in Agra Uncovers Nearly Rs 60 Crore Cash from Shoe Trader's Residence

22 May 2024 at 09:00

In a significant crackdown on tax evasion, the Income Tax Department conducted a series of raids in Agra on Saturday, May 18. Nearly ₹60 crore in cash was recovered from premises linked to a prominent shoe trader,

Posted in Income Tax | 4737 Views

GST Council Unlikely to Revoke 28% Tax on Online Gaming Industry

21 May 2024 at 08:59

As the online gaming industry eagerly awaits a review of the 28% Goods and Services Tax (GST) imposed on the sector, the GST Council appears unlikely to roll back the levy.

Posted in GST | 2247 Views

ICAI Hosts Academia Meet to Accelerate Discovery through Collaborative Research Initiatives

21 May 2024 at 08:58

ICAI through its Research Committee has organised the Academia Meet on 17th May 2024 with Universities / Institutions to facilitate a platform for interaction and knowledge exchange between esteemed academicians to foster research advancements.

Posted in Students | 348 Views