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ICAI is entitled to income tax exemption if amounts charged by them are nominal to cover costs: Supreme Court
21 October 2022 at 11:22ICAI contended that its activities are not profit oriented and submitted that the fees collected from the students are utilized on various infrastructure development and other capital expenditure items.
Slow GST Portal: CBIC mulls extending September returns filing due date
21 October 2022 at 08:37With taxpayers facing slow functioning of the GSTN portal, CBIC on Thursday said it is examining the proposal of extending the deadline for filing GST returns for September.
GST department busts fake invoice racket of Rs. 31 crore in Chennai
20 October 2022 at 08:40The Chennai Outer Commissionerate of GST and Central Excise department has claimed busting of a fake invoice racket by arresting a suspect on charges of cheating to the tune of Rs 31 crore.
SC: Educational trusts can claim income tax exemption only if sole objective is education
20 October 2022 at 08:40The Supreme Court held that educational trust or societies, which seek exemption under Section 10 (23C) of Income Tax Act, should solely be concerned with education, or education related activities.
Finance Ministry released Rs 1,764 crore to 4 States for providing grants to Million Plus Urban Cities
20 October 2022 at 08:40Grant of Rs. 1,764 crore released to States for Million Plus Cities/Urban Agglomerations Total grant of Rs. 4,761.8 crore released to Urban Local Bodies (ULBs) so far in 2022-23
ICAI releases Mock Test Papers Series-I for CA Foundation Dec 2022 Exams
19 October 2022 at 08:35Mock Test Papers Series – I for December 2022 CA Examination Board of Studies of ICAI is commencing Mock Test Papers Series-I from November 1st, 2022 for students appearing in CA foundation for December 2022 examination.
SC urged GST Council & State Govts to consider pleas on full reimbursement of erstwhile excise exemptions
19 October 2022 at 08:35The Supreme Court has urged the GST Council and State governments to consider a plea for reimbursement of taxes paid by industrial houses having plants in hilly States such as Uttarakhand and Himachal Pradesh and the North-Eastern States.
ICAI | Admit cards for CA Nov 2022 exams to be sent by mail
18 October 2022 at 11:33The admit card on SSP portal is unavailable for the download for the November 2022 examination. Instead the ICAI is mailing the admit cards to all students who have enrolled for the November 2022 exams.
Gujarat GST department nabs 'mastermind', recovers Rs 60 crore
18 October 2022 at 08:30The Gujarat Goods and Service Tax (GST) department arrested one person from Bhavnagar who it claimed to be the "mastermind" in a bogus billing scam worth Rs 700 crore.
PM dedicates 75 Digital Banking Units across 75 districts to the nation
17 October 2022 at 08:34The Prime Minister, Shri Narendra Modi dedicated 75 Digital Banking Units (DBU) across 75 districts to the nation via video conferencing.
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