CAclubindia News

CBDT releases Direct Tax Statistics as updated upto FY 2021-22

14 April 2023 at 07:25

In continuation of its efforts to place more and more information in public domain, the CBDT has further released Time-Series data as updated upto F.Y. 2021-22...

Posted in Income Tax | 5523 Views

ICAI Awards for Excellence in Financial Reporting 2022-23

13 April 2023 at 08:33

ICAI Awards for Excellence in Financial Reporting 2022-23 organised by Research Committee

Posted in Professional Resource | 6195 Views

GSTN mandates businesses with over Rs. 100 crore turnover to upload e-invoice within 7 days

13 April 2023 at 08:32

Advisory on time limit for reporting invoices on IRP Portal

Posted in GST | 16140 Views

JSON Schema released for ITR 1 and ITR 4 for AY 2023-24 (FY 2022-23)

12 April 2023 at 08:32

The Income Tax Department has released JSON Schema ITR 1 and ITR 4 for AY 2023-24 (FY 2022-23)ITR 1: For individuals being a resident (other than not ordinarily resident) having total income upto Rs.50 lakh, having Income from Salaries, one house pro

Posted in Income Tax | 14250 Views

IT dept conducts searches at cooperative banks in Karnataka over tax evasion

12 April 2023 at 08:29

Income Tax Department commenced a Search & Seizure operation in the case of some Cooperative Banks, in the State of Karnataka, on 31.03.2023.

Posted in Income Tax | 5316 Views

CBDT notifies 348 as Cost Inflation Index for FY 2023-24

11 April 2023 at 08:37

CBDT notified the Cost Inflation Index for FY 2023-24 as 348.

Posted in Income Tax | 19578 Views

RBI simplifies the application process for registration of Core Investment Companies

11 April 2023 at 08:33

The Reserve Bank has undertaken a comprehensive review of the system of processing of applications for registration as Core Investment Companies (CICs) to make the registration process smoother and hassle free.

Posted in Community & General | 4734 Views

Supreme Court: Erroneous order of AO causing prejudice to revenue is revisable by CIT

10 April 2023 at 10:08

The Supreme Court has held that the Commissioner of Income Tax can exercise revision powers under Section 263 of the Income Tax Act over the orders of the Assessing Officer which cause prejudice to the interest of the revenue.The Top Court set aside

Posted in Income Tax | 4305 Views

ICAI issued clarification on acceptance of certain assignments by concurrent auditor of bank branches

10 April 2023 at 08:39

The members have sought guidance from the Institute on the matter of acceptance of certain assignments by the Concurrent Auditor of Bank Branches.

Posted in Audit | 8604 Views

Income tax payments from senior citizens surpasses Rs. 1 lakh crore

10 April 2023 at 08:37

There has been a surprising surge in income tax payments from senior citizens during the past year, lifting the overall tax collections from the 60+ population by as much as 61.5% from pre-COVID levels to surpass ₹1 lakh crore.

Posted in Income Tax | 3837 Views