CAclubindia News

Clarification on Holding Company's Taxability of Subsidiary Shares

18 July 2023 at 08:53

CBIC vide Circular No. 196/08/2023-GST dated July 17, 2023 has issued a clarification on the taxability of shares held in a subsidiary company by the holding company.

Posted in GST | 4413 Views

CBIC clarifies various issues relating to GST refunds

18 July 2023 at 08:52

CBIC vide Circular No. 197/09/2023- GST dated July 17, 2023 has issued clarification on various issues relating to GST refunds.

Posted in GST | 8532 Views

Tax Clarification: Services between Distinct Offices of Same Organization in Different States

18 July 2023 at 08:51

Clarification regarding the taxability of services provided by an office of an organisation in one State to the office of that organisation in another State, both being distinct persons.

Posted in GST | 3624 Views

Amnesty schemes for non-filers of GSTR-4, GSTR-9 & GSTR-10 extended till 31st Aug 2023

18 July 2023 at 08:49

Various amnesty schemes for non-filers of GSTR-4, GSTR-9 & GSTR-10 have been extended till August 31, 2023. The original deadline for these schemes was June 30, 2023.

Posted in GST | 11670 Views

Offline Utility of ITR-5 for AY 2023-24 Now Accessible

17 July 2023 at 17:17

Offline utility of ITR-5 for AY 2023-24 is available for filing.

Posted in Income Tax | 4941 Views

UP YouTuber's Rs 1 Crore Income Attracts Income Tax Raid

17 July 2023 at 14:57

The Income Tax Department (ITD) raided the house of a YouTuber named Taslim in Uttar Pradesh on July 15, 2023. The ITD found ₹ 24 lakh cash during the raid, along with gold jewellery and other valuables.

Posted in Income Tax | 16653 Views

ED arrests 3 individuals, including former IT Official in TDS refund fraud case

17 July 2023 at 08:46

The Enforcement Directorate (ED) has arrested three persons, including a former Income Tax (I-T) official, in connection with a Rs 263 crore Tax Deducted at Source (TDS) refund fraud.

Posted in Income Tax | 1 comments | 13914 Views

Gaming Companies and Associations Urge Centre to Re-evaluate 28% GST Rate

17 July 2023 at 08:46

Over 130 online gaming companies and industry associations have written to the Centre urging it to reconsider the 28% GST on the full face value for online gaming

Posted in GST | 8535 Views

Govt Confirms: No Extension Planned for Income Tax Return Filing Deadline

17 July 2023 at 08:45

The Ministry of Finance has said that there is no plan to extend the deadline for filing income tax returns for the financial year 2022-23. The last date for filing returns is July 31, 2023.

Posted in Income Tax | 11742 Views