CAclubindia News

GSTN performance improved steadily over time

07 April 2023 at 08:49

The performance of the Goods and Services Tax Network system has improved steadily over time, resulting in a steady increase in taxpayers in the country, Economic Advisory Council to the Prime Minister (EAC-PM) has said in a working paper.

Posted in GST | 5790 Views

CA arrested for taking Rs 26 lakh bribe in name of IT officials

07 April 2023 at 08:50

The Punjab Vigilance Bureau (VB) arrested a chartered accountant (CA) Ankush Sareen, a resident of Ludhiana, for taking a bribe of Rs 26 lakh from a man in the name of income tax officers based in Chandigarh.

Posted in Income Tax | 13566 Views

Income Tax dept has internal target to issue refunds in 7 days

07 April 2023 at 08:51

The Income Tax department has been given an internal target of issuing refunds within a period of seven days. This came up during the process of drafting the budget.

Posted in Income Tax | 3990 Views

CBDT | Employers to ask employees about preferred tax regime for deducting TDS from salary

06 April 2023 at 08:38

The Income Tax Department on Wednesday said employers will have to seek details from employees about their preference for tax regime in the current fiscal and deduct TDS accordingly.

Posted in Income Tax | 8457 Views

Cancelled GST registration can be applied for revocation by 30th June 2023

06 April 2023 at 08:41

Businesses whose Goods and Services Tax (GST) registrations were cancelled before December 31 for non-filing of returns can apply for revocation of the cancellation by June 30, after paying due taxes, interest and penalty.

Posted in GST | 15507 Views

Income Tax Scanner on 89 High-Value Foreign Remittance Cases

05 April 2023 at 08:38

The income tax department has identified 89 "high-risk foreign remittance" cases with suspected tax evasion of over Rs 100 crore each.

Posted in Income Tax | 7806 Views

CBDT amends Section 10(26AAA) of IT Act 1961 by Finance Act 2023

05 April 2023 at 08:37

Following the Hon'ble Supreme Court's decision in Writ Petition (C) No. 59/2013 with 1283/2021, certain amendments have been made in clause (26AAA) of section 10 of the Income-tax Act, 1961 by the Finance Act, 2023.

Posted in Income Tax | 9210 Views