CAclubindia News

IT Department asks young man from Madhya Pradesh to pay tax of Rs 113 crore

08 April 2023 at 08:46

A man from MP's Bhind, who earns Rs 58,000 per month, has received yet another notice from the income-tax department demanding him to pay Rs.113 crore in taxes for alleged Rs.132 crore transactions in his account in 2011-12.

Posted in Income Tax | 9264 Views

GST official, two others held for extortion in Surat

08 April 2023 at 08:45

A superintendent with the Central Goods and Services Tax (GST) department and two others were arrested in Surat in Gujarat for allegedly extorting Rs 12 lakh from a shopkeeper, a police official said on Friday.

Posted in GST | 4632 Views

More than 40.82 crore loans amounting to Rs. 23.2 lakh crore sanctioned under PMMY since inception

08 April 2023 at 08:39

MUDRA helped in generation of large-scale employment opportunities at grassroots level and also proved a game changer while boosting Indian economy: Finance Minister Smt. Nirmala Sitharaman

Posted in Others | 3072 Views

Income Tax dept has internal target to issue refunds in 7 days

07 April 2023 at 08:51

The Income Tax department has been given an internal target of issuing refunds within a period of seven days. This came up during the process of drafting the budget.

Posted in Income Tax | 3903 Views

CA arrested for taking Rs 26 lakh bribe in name of IT officials

07 April 2023 at 08:50

The Punjab Vigilance Bureau (VB) arrested a chartered accountant (CA) Ankush Sareen, a resident of Ludhiana, for taking a bribe of Rs 26 lakh from a man in the name of income tax officers based in Chandigarh.

Posted in Income Tax | 13476 Views

GSTN performance improved steadily over time

07 April 2023 at 08:49

The performance of the Goods and Services Tax Network system has improved steadily over time, resulting in a steady increase in taxpayers in the country, Economic Advisory Council to the Prime Minister (EAC-PM) has said in a working paper.

Posted in GST | 5718 Views

NPS and APY enrolments cross 1.35 crore in FY 2022-23

07 April 2023 at 08:48

Total enrolments under various schemes under NPS and APY cross 1.35 crore during Financial Year 2022-23

Posted in Corporate Law | 3051 Views

RBI keeps repo rate unchanged at 6.5%

07 April 2023 at 08:47

Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.

Posted in Others | 3825 Views

Cancelled GST registration can be applied for revocation by 30th June 2023

06 April 2023 at 08:41

Businesses whose Goods and Services Tax (GST) registrations were cancelled before December 31 for non-filing of returns can apply for revocation of the cancellation by June 30, after paying due taxes, interest and penalty.

Posted in GST | 15348 Views

CBDT | Employers to ask employees about preferred tax regime for deducting TDS from salary

06 April 2023 at 08:38

The Income Tax Department on Wednesday said employers will have to seek details from employees about their preference for tax regime in the current fiscal and deduct TDS accordingly.

Posted in Income Tax | 8355 Views