CAclubindia News
Rs 15,000 Crore Alleged Tax Evasion by Insurance Firms Uncovered
16 August 2023 at 08:41The Income Tax department has completed its investigation into several insurance companies and uncovered alleged tax evasion amounting to more than Rs 15,000 crore (Indian rupees).
GST Applicable on X (formerly Twitter) Ad Revenue Sharing Beyond Rs 20 Lakh Annual Threshold
14 August 2023 at 08:38Income from ad revenue sharing by X (formerly Twitter) is liable to GST if it exceeds the threshold of Rs 20 lakh in a year.
ICAI Grants Relaxation to Old Course Students to commence 3 years Practical Training Under Various Routes
14 August 2023 at 08:35Relaxation to Old Course Students to commence 3 years of Practical Training
SGST Arrests Rajkot Businessman for Rs 8.7 Crore Tax Evasion in Crude Chemical Trade
14 August 2023 at 08:34One person has been arrested for ₹8.7 crore GST evasion in Gujarat. The accused, Devang Nathwani, is the key person handling the affairs of Eagle Marketing, which is involved in trading of crude chemicals.
Deloitte to quit as Adani Ports' auditor after flagging concerns
12 August 2023 at 14:00Deloitte has decided to resign as the auditor of Adani Ports & Special Economic Zone Ltd. The decision appears to be linked to concerns over certain transactions highlighted in a report by Hindenburg Research.
Lok Sabha passes GST Amendment Bills to impose 28% tax on online gaming, casinos and race clubs
12 August 2023 at 08:47The Lok Sabha passed two bills on Friday to amend the Goods and Services Tax (GST) laws to levy a 28% tax on online gaming, casinos, and race clubs. The bills were introduced by Finance Minister Nirmala Sitharaman in the lower house of Parliament.
Direct Tax Collections Reach Rs. 6.53 Lakh Crore, Marking 15.73% Growth by Aug 10, 2023
12 August 2023 at 08:46The provisional figures of Direct Tax collections up to 10th August, 2023 continue to register steady growth. Direct Tax collections up to 10th August, 2023
Resilient Indian Economy and Monetary Policy: Sustained Growth Amid Global Challenge
11 August 2023 at 08:47As we celebrate India's 77th Independence Day in a few days, I am happy to note that the Indian economy is exuding enhanced strength and stability despite the massive shocks to global economy in recent years.
CBDT Extends Applicability of Transfer Pricing Safe Harbour Rules Until AY 2023-24
11 August 2023 at 08:46The CBDT has extended the applicability of Rule 10TD(1) and Rule 10(2A) of the IT Rules, 1962, which are the Transfer Pricing Safe Harbour Rules, until the Assessment Year 2023-24.
RBI Keeps Repo Rate Unchanged At 6.50%
10 August 2023 at 11:14Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.
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