CAclubindia News
Income Tax Department Conducts Searches at Insecticides India Ltd Premises
18 December 2024 at 09:14Insecticides India Ltd (IIL) disclosed on Monday, December 16, that the Income Tax Department is conducting searches at its registered office and other company locations.
GST Exemption Clarification for Payment Gateways and Aggregators Expected Soon
18 December 2024 at 09:14The GST Fitment Committee has clarified the scope of tax exemptions for fintech service providers under entry 34 of Notification No. 12/2017-Central Tax (Rate).
Income Tax Department Recovers Rs 37,000 Crore from Non-Filers Through Data Analytics
18 December 2024 at 09:12The Income Tax Department has intensified its crackdown on tax evasion, recovering ₹37,000 crore over the past 20 months from individuals who failed to file income tax returns despite having taxable income.
GSTN Issues Advisory on Updates to E-Way Bill and E-Invoice Systems
18 December 2024 at 09:12GSTN is pleased to announce that NIC will be rolling out updated versions of the E-Way Bill and E-Invoice Systems effective from 1st January 2025.
CBDT Launches Electronic Campaign to Address Income and Transaction Mismatches for FY 2023-24 and FY 2021-22
17 December 2024 at 15:35CBDT has launched an electronic campaign to assist taxpayers in resolving mismatches between the income and transactions reported in the AIS and those disclosed in ITRs for the financial years 2023-24 and 2021-22.
Higher Taxes Will Drive Capital Away, Warns CEA Nageswaran
17 December 2024 at 09:20Chief Economic Advisor (CEA) V Anantha Nageswaran emphasized on Friday that taxing capital less may not significantly boost investments, but taxing it more could deter capital flow and harm the economy.
Rs 4.67 Crore Tax for D Gukesh: Fans Target FM Sitharaman After Chess Win
17 December 2024 at 09:17While the nation celebrated Gukesh's incredible achievement, a section of fans humorously congratulated the Income Tax Department and Finance Minister Nirmala Sitharaman
New Income-Tax Bill Unlikely in Budget 2025 Session
17 December 2024 at 09:13The Finance Ministry is unlikely to introduce the much-anticipated new Income-Tax Bill during the upcoming Budget session of Parliament.
DGGI Arrests Four in Rs 293 Crore Fake ITC Scam Across Multiple States
17 December 2024 at 09:10In a significant crackdown on tax evasion, the DGGI, Visakhapatnam Zonal Unit, has arrested four individuals, including a resident of Proddatur in YSR Kadapa district, for orchestrating a Rs 293 crore GST fraud
CAG Report Flags Rs 755.49 Crore GST Revenue Loss in Commercial Tax Department
16 December 2024 at 09:11A Comptroller and Auditor General (CAG) report tabled in the Assembly on Thursday has highlighted significant revenue lapses within the Goods and Services Tax (GST) and Stamps and Registrations Departments.
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