CAclubindia News


CBIC Extends GSTR-3B Filing Deadline for Oct 2024 to Nov 21 for Maharashtra and Jharkhand

   19 November 2024 at 08:52

In a move aimed at providing relief to taxpayers, the CBIC has issued Notification No. 26/2024 – Central Tax dated November 18, 2024, extending the due date for filing GSTR-3B returns for the month of October 2024.

Posted in GST |   9405 Views


CBI Arrests Two CBDT Officers in Panaji for Alleged Bribe in Pending Contractor Bills Case

   18 November 2024 at 05:13

The Central Bureau of Investigation (CBI) arrested two assistant accounts officers of the CBDT, Pankaj Kumar and Aul Wani, in Panaji on Friday for allegedly demanding and accepting a bribe to clear pending bills of a contractor.

Posted in Income Tax |   4740 Views


Govt Highlights Shift in Tax Burden and Rising Taxpayer Base Over the Last Decade

   18 November 2024 at 05:13

The government has claimed a significant reduction in the tax burden on middle-class individuals earning less than ₹20 lakh annually over the past decade, while the tax contributions from high-income earners (above ₹50 lakh) have surged.

Posted in Income Tax |   546 Views


CBDT Launches Campaign to Help Taxpayers Report Foreign Assets and Income in AY 2024-25

   18 November 2024 at 05:13

CBDT launches Compliance-Cum-Awareness Campaign for AY 2024-25 to assist taxpayers in accurately completing Schedule Foreign Assets and reporting income from foreign sources in ITR

Posted in Income Tax |   1812 Views


High Court Restrains ICTPI from Offering Taxation Courses Following ICAI Petition

   18 November 2024 at 05:13

In a significant development, the High Court of Karnataka has issued an interim order restraining the Bengaluru-based Institute of Chartered Tax Practitioners India (ICTPI) from enrolling candidates into various courses

Posted in Students |   2415 Views


GSTN Issues Important Advisory on GSTR 2B and IMS

   18 November 2024 at 05:13

It has been reported by few taxpayers that their GSTR-2B for October-2024 period has not been generated on 14th November, 2024.

Posted in GST |   2142 Views


Over 8 Crore ITRs Filed for AY 2024-25, 74% Opt for New Tax Regime

   16 November 2024 at 07:00

In a significant milestone, more than 8 crore income tax returns (ITRs) have been filed for the assessment year (AY) 2024-25, reflecting a robust filing season.

Posted in Income Tax |   1872 Views


FM Nirmala Sitharaman Refutes Karnataka's Claims of Tax Devolution Bias

   16 November 2024 at 07:00

Union Finance Minister Nirmala Sitharaman firmly rejected the Karnataka government’s allegations of "step-motherly treatment" in tax devolution, describing the claims as baseless and aimed at misleading voters.

Posted in Income Tax |   1395 Views


NFRA Chairperson Justifies Audit Standards Revision Amid ICAI Opposition

   16 November 2024 at 07:00

National Financial Reporting Authority (NFRA) Chairperson Ajay Bhushan Pandey has dismissed concerns that revising audit standards for group company audits will lead to audit concentration among a few large firms.

Posted in Audit |   4971 Views


GSTN: Resolution Underway for Duplicate Invoices in GSTR-2B for September and October 2024

   16 November 2024 at 07:00

The Goods and Services Tax Network (GSTN) has identified an issue where some taxpayers are seeing duplicate invoices in GSTR-2B for both September 2024 and October 2024.

Posted in GST |   6843 Views