CAclubindia News


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 |   1824 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 |   2472 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 |   2169 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 |   1887 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 |   1407 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 |   5034 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 |   6882 Views


GST Officials Uncover Rs 48 Crore Tax Evasion in Gujarat Copper Trading Case

   16 November 2024 at 07:00

In a major crackdown on tax evasion, Gujarat's state GST department has unearthed tax fraud amounting to over Rs 48 crore during a search and seizure operation targeting 14 copper trading firms.

Posted in GST |   1107 Views


RBI releases 2024 list of Domestic Systemically Important Banks

   16 November 2024 at 07:00

SBI, HDFC Bank and ICICI Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs) under the same bucketing structure as in the 2023 list of D-SIBs.

Posted in Others |   891 Views


ICAI Urges MCA to Reconsider NFRA's Audit Standard Amendments

   15 November 2024 at 14:23

The Institute of Chartered Accountants of India (ICAI) has urged the Ministry of Corporate Affairs (MCA) to reconsider recent amendments to auditing standards proposed by the National Financial Reporting Authority (NFRA).

Posted in Audit |   6714 Views