CAclubindia News
5.5 Crore Taxpayers Likely to Have Opted for New Tax Regime in FY24: A Comparative Analysis
23 August 2023 at 08:46Taxpayers have the flexibility to choose between the new and old tax regimes based on their financial circumstances and tax-saving preferences. If individuals find that the new regime is more beneficial for them, they can switch to it.
Entry-Level GST Ruling May Cut Tax for E-Gaming Firms
23 August 2023 at 08:46The key issue revolves around whether the 28% GST should be applied to the full face value of bets only at the entry level or at every stage of betting.
Mera Bill Mera Adhikar Scheme: App launched by GOI to earn cash prizes on uploading GST bill
22 August 2023 at 14:30The 'Mera Bill Mera Adhikar' invoice incentive scheme is an initiative launched by the Indian government to encourage customers to request bills for their purchases and to promote the use of genuine invoices in business-to-consumer transactions.
CBDT | Rent-Free Accommodation Taxed as Perquisite
22 August 2023 at 08:50The Income tax (Eighteenth Amendment), Rules, 2023 was notified by the Central Board of Direct Taxes (CBDT) on August 18, 2023. These rules amend the Income-tax Rules, 1962, with effect from September 1, 2023.
CBDT Issues Exchange Rate Notification for Foreign Currency TDS Deductions
22 August 2023 at 08:49The Income-tax (Seventeenth Amendment) Rules, 2023 was notified by the Central Board of Direct Taxes (CBDT) on August 17, 2023. The amendment has made changes to the Income-tax Rules, 1962
10 People Held for Rs 15,000 Crore GST Fraud in Noida
22 August 2023 at 08:48The Noida Police has issued non-bailable warrants against 10 people for defrauding the government of ₹15,000 crore by using fake input tax credit (ITC) documents.
50 Year Old Man Held for GST Invoice Fraud Worth Rs 147 Crore
22 August 2023 at 08:47A 50-year-old man from Nerul, Navi Mumbai, has been arrested by the anti-evasion cell of the Central GST Belapur Commissionerate for his alleged role in a Rs 147 crore GST invoice scam
CBDT operationalises Advance Rulings in Delhi and Mumbai
21 August 2023 at 08:40The Central Board of Direct Taxes constituted three Boards for Advance Rulings in September, 2021.
CBDT notifies Rule for determination of value of perquisite in respect of residential accommodation provided by employer
21 August 2023 at 08:39The Finance Act, 2023 brought in an amendment for the purposes of calculation of "perquisite" with regard to the value of rent-free or concessional accommodation provided to an employee, by his employer.
ICAI | Revisions to Institute Document Authority and Quality Control Standards
21 August 2023 at 08:37Amendment to the "Clarification Regarding Authority Attached to Documents Issued by the Institute" and Consequential Amendment to the "Preface to the Standards on Quality Control, Auditing, Review, Other Assurance and Related Services"
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