CAclubindia News

GSTN: Now GST payments can be made through 21 banks

25 November 2022 at 15:54

The Goods and Services Tax Network ("GSTN") has added a new City Union Bank, bringing the total number of banks accepting GST payments to 21.

Posted in GST | 7281 Views

About Rs 400 crore tax deposited by filing updated ITRs so far

25 November 2022 at 08:41

The recently introduced provision of allowing taxpayers to update their tax returns has seen as many as 5 lakh re-filings with about ₹400 crore additional tax coming in, a senior government official said on Thursday.

Posted in Income Tax | 6720 Views

ICAI issued revised disclosures checklist for Ind AS

25 November 2022 at 08:40

ICAI has issued a revised disclosures checklist for Indian Accounting Standards (Ind AS) - November, 2022.

Posted in Accounts | 12735 Views

Verify Aadhaar before accepting it as a proof of identity: UIDAI

24 November 2022 at 16:48

Before accepting an Aadhaar either in physical or electronic form for establishing identity of an individual, entities should verify the Aadhaar.

Posted in Income Tax | 8778 Views

CBN seizes 272 kg illicit Opium worth Rs 14 crore from inter-state drug cartels

24 November 2022 at 08:42

In continuance of Anti-Drug operations, officers of Central Bureau of Narcotics (CBN) Neemuch, have busted inter-state drug cartels involved in trafficking of illicit Opium from North East India to Rajasthan.

Posted in Others | 1875 Views

IT department conducts 40 raids across Tamil Nadu alleging tax evasion

24 November 2022 at 08:41

The Income Tax department started to conduct surprise raids on goods suppliers to Public Distribution System (PDS) shops in Tamil Nadu on Wednesday.

Posted in Income Tax | 7059 Views

GSTN included as Financial Information Provider under Account Aggregator Framework

24 November 2022 at 08:39

The Reserve Bank on Wednesday said the Goods and Services Tax Network (GSTN) has been included in the list of financial information providers under the Account Aggregator framework to facilitate cash flow-based lending to MSMEs.

Posted in GST | 6255 Views

IT Dept detects unaccounted transactions exceeding Rs. 100 crore in Bihar

23 November 2022 at 08:49

Income Tax Department initiated a Search & Seizure action on few groups engaged in the business of gold & diamond jewellery and real estate, on 17.11.2022.

Posted in Income Tax | 3672 Views

Petitioner seeks tax exemption for persons earning below Rs 8 lakh, citing EWS criteria

23 November 2022 at 08:49

Kunnur Seenivasan, a Dravida Munnetra Kazhagam (DMK) functionary, has filed a petition with the Madurai Bench of the Madras High Court on the ground of the recent Supreme Court ruling regarding the Economically Weaker Section (EWS) reservation. Seeni

Posted in Income Tax | 6249 Views

Several FPIs, AIFs get tax notice for errors in returns

22 November 2022 at 08:34

The Income Tax Department has sent notices to dozens of foreign portfolio investors (FPIs) and alternative investment funds (AIFs), flagging discrepancies in their tax returns.

Posted in Income Tax | 5529 Views