CAclubindia News

Direct Tax Collections Surge by Nearly 18% in FY 2023-24

11 October 2023 at 08:36

Direct Tax Collections for F.Y. 2023-24 up to 9th October, 2023 show an increase over comparable period of last year

Posted in Income Tax | 2676 Views

Madras High Court Adjourns Actor Vijay's Writ Petition Against Income Tax Penalty

10 October 2023 at 16:27

The Madras High Court, on Tuesday, deferred its decision on the writ petition filed by popular actor C. Joseph Vijay against the Income Tax Department's penalty order.

Posted in Income Tax | 8880 Views

Income Tax Department's E-Flyer Urges Public to Avoid Cash Transactions, Clarifies Transaction Limits

10 October 2023 at 08:51

In a move aimed at promoting transparency and discouraging the use of cash transactions in financial dealings, the Income Tax Department has recently released an informative E-Flyer.

Posted in Income Tax | 20466 Views

Clarification on Audit Report Requirements for Substantial Contributors in AY 2023-24

10 October 2023 at 08:50

In a significant development, the Central Board of Direct Taxes (CBDT) issued Circular No. 17/2023 on October 09, 2023, shedding light on crucial audit report requirements under Section 119 of the Income-tax Act, 1961.

Posted in Income Tax | 16944 Views

CBI Nabs 4 GST Officials Demanding Bribe to Clear Erroneous Notices

10 October 2023 at 08:49

The Central Bureau of Investigation (CBI) apprehends two superintendents, an inspector, and a tax assistant involved in a bribery scandal targeting a LIC agent over alleged false GST notices.

Posted in GST | 7650 Views

Reliance General Insurance Faces GST Notices Worth Rs 922 Crore from DGGI

09 October 2023 at 08:44

In a significant development, the Directorate General of GST Intelligence (DGGI) has sent four show cause notices to Reliance General Insurance Company (RGIC), totaling ₹922.58 crore in Goods and Services Tax (GST) dues.

Posted in GST | 7656 Views

Income Tax Department to Refund Rs 190 Crore with Interest to Vedanta for AY 2021-22

09 October 2023 at 08:37

In a significant development, the Income Tax department has announced its decision to refund Rs 190 crore to the Anil Agarwal-controlled mining conglomerate Vedanta, along with accrued interest, for the assessment year 2021-22.

Posted in Income Tax | 29241 Views

All States Adopt 28% GST on Online Money Gaming from 1st Oct 2023

09 October 2023 at 08:35

Revenue Secretary Sanjay Malhotra provides clarity on GST implementation timeline during GST Council meeting

Posted in GST | 4227 Views

ICSI Issues Warning Against Social Media Misconduct by Members and Students

07 October 2023 at 13:11

The Institute has recently become aware of a concerning trend among its members and students. Some individuals within the Institute's community have been using social media platforms as a platform to express negative opinions

Posted in Students | 21975 Views