CAclubindia News

CBDT Amends Forms 3CD, 3CEB and 65 for Tax Audit and Tonnage Tax Applications

06 March 2024 at 12:02

The Central Board of Direct Taxes (CBDT) has recently made significant amendments to various tax-related forms, including the tax audit form (Form 3CD & Form No. 3CEB) and the Form for filing of tonnage tax application (Form 65).

Posted in Income Tax | 6294 Views

Rajasthan GST Department Unveils Detailed Procedure for Amnesty Scheme 2024

06 March 2024 at 09:03

In a move to streamline outstanding demands and disputed amounts, the Rajasthan GST Department has introduced the Amnesty Scheme-2024, aiming to provide relief to taxpayers and facilitate the resolution of pending issues.

Posted in GST | 879 Views

Ex-Income Tax Officials Sentenced to 3 Years in Corruption Case

06 March 2024 at 09:02

In a landmark ruling, a Central Bureau of Investigation (CBI) court has delivered a resounding blow against corruption by sentencing two former income tax officials, Mahesh Sompura and Mukesh Raval, to three years in prison each.

Posted in Income Tax | 804 Views

CBDT Extends Deadline for Trusts, Institutions to File Audit Reports on or before 31st March, 2024

06 March 2024 at 09:01

CBDT allows certain trusts/institutions to furnish the audit report in the applicable Form No. 10B / 10BB on or before 31st March, 2024

Posted in Income Tax | 1 comments | 7536 Views

FM Sitharaman Urges Clarity on GST Classification-Related Issues

05 March 2024 at 15:01

FM Nirmala Sitharaman, in a recent address at the National Conference of Enforcement Chiefs of the State and the Central GST Formations, emphasized the necessity for clarity on classification-related issues within the GST framework.

Posted in GST | 4851 Views

Udyam Assist Platform Registers 1.50 Crore Informal Micro Enterprises in Last 14 Months

05 March 2024 at 15:00

Udyam Assist Platform was launched by the Ministry of Micro, Small and Medium Enterprises on 11th January 2023 to facilitate registration of Informal Micro Enterprises (IMEs) through generation of Udyam Assist Certificate.

Posted in Corporate Law | 456 Views

Income Tax Department Enables Online Filing for Form I SWF

05 March 2024 at 14:58

The Income Tax Department released an update notifying taxpayers of the enabling of online filing for Form I SWF.

Posted in Income Tax | 993 Views

Income Tax Department Urges Taxpayers to File ITR-U for AY 2021-22 by 31st March 2024

05 March 2024 at 09:01

Last date for filing of updated returns (ITR-U) for A.Y. 2021-22 (i.e. for F.Y. 2020-21) is 31.03.2024

Posted in Income Tax | 1 comments | 4965 Views

Finance Ministry Expected to Delay 45-Day Payment Rule for MSMEs Until April 2025

05 March 2024 at 08:57

Sources reveal that the Finance Ministry is contemplating a deferment of the enforcement of Rule 43B (h) under the Income Tax Act, which necessitates payments to micro, small, and medium enterprises (MSMEs) within 45 days.

Posted in Income Tax | 4 comments | 18282 Views

FM Sitharaman Leads Groundbreaking GST Enforcement Conference, Paving the Way for Transparent Tax System

05 March 2024 at 08:56

Union Finance Minister Smt. Nirmala Sitharaman inaugurates first-ever National Conference of Enforcement Chiefs of the State and the Central GST Formations in New Delhi

Posted in GST | 852 Views