CAclubindia News

RBI Raises UPI Transaction Limit to Rs 5 Lakh for Tax Payments

08 August 2024 at 12:07

The Reserve Bank of India (RBI) has announced a significant proposal to increase the Unified Payments Interface (UPI) limit for tax payments from ₹1 lakh to ₹5 lakh.

Posted in Income Tax | 2853 Views

FM Nirmala Sitharaman Rejects Calls to Reduce GST on Health Insurance Premiums

08 August 2024 at 09:20

The opposition had been demanding that the GST on health and life insurance premiums be scrapped but Union Finance Minister Nirmala Sitharaman has rebuffed such calls.

Posted in GST | 1 comments | 3609 Views

BCCI Paid Rs 2038 Crore in GST for FY23 and FY24

08 August 2024 at 09:16

According to the information given in Parliament on Tuesday, gross GST revenue collection from BCCI during FY 2022-23 and FY 2023-24 was Rs 2,038.55 crore.

Posted in GST | 2883 Views

Kerala GST Department Implements New Software for Filing Returns and Tax Payments Under Legacy Acts

08 August 2024 at 09:14

On August 3, 2024, the Kerala GST Department issued Trade Circular No. 14/2024-Kerala GST, announcing the implementation of new software for filing returns and payment of taxes under legacy acts.

Posted in GST | 2631 Views

Finance Bill 2024 passed in Lok Sabha With 45 Amendments

07 August 2024 at 22:09

In a major relief to the real estate sector, Lok Sabha on Wednesday approved the Finance Bill 2024 carrying relaxed capital gains tax provisions in respect of land or building.

Posted in Union Budget & Policy | 8964 Views

ICAI Issues Guidance Notes for CA Final Nov 2024: Permanent Exemption Continuation Explained

07 August 2024 at 15:03

Guidance Notes for Continuing the Exhausted Exemptions - Making Exemption/s Permanent

Posted in Students | 12888 Views

Indexation in Real Estate Reinstated: New Rate Choices for Taxpayers

07 August 2024 at 09:47

In a notable shift in tax policy, the Indian government has proposed an amendment allowing property buyers to choose between two tax calculation methods for long-term capital gains (LTCG) under the Finance Bill, tabled in the Lok Sabha on August 6.

Posted in Income Tax | 7812 Views

MCA Notifies Companies (Adjudication of Penalties) Amendment Rules, 2024, Effective from 16th September

07 August 2024 at 09:06

The Ministry of Corporate Affairs (MCA) has issued Notification No. G.S.R. 476(E) dated August 05, 2024, to notify the Companies (Adjudication of Penalties) Amendment Rules, 2024.

Posted in Corporate Law | 4524 Views

MCA Notifies Limited Liability Partnership (Amendment) Rules, 2024, Effective from 27th August

07 August 2024 at 09:05

The Ministry of Corporate Affairs (MCA) has issued Notification No. G.S.R. 475(E) dated August 05, 2024, announcing the Limited Liability Partnership (Amendment) Rules, 2024.

Posted in Corporate Law | 17553 Views

FM Nirmala Sitharaman Clarifies GST Compensation Cess Extension in Lok Sabha

07 August 2024 at 09:05

During a lively Question Hour session in Parliament, Tamil Nadu MP D. Ravikumar raised a critical issue regarding the continuation of the GST compensation cess, even though direct payments to states have ceased.

Posted in GST | 3177 Views