CAclubindia News
CBI Arrests Two CBDT Officers in Panaji for Alleged Bribe in Pending Contractor Bills Case
18 November 2024 at 05:13The 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.
Govt Highlights Shift in Tax Burden and Rising Taxpayer Base Over the Last Decade
18 November 2024 at 05:13The 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.
CBDT Launches Campaign to Help Taxpayers Report Foreign Assets and Income in AY 2024-25
18 November 2024 at 05:13CBDT 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
High Court Restrains ICTPI from Offering Taxation Courses Following ICAI Petition
18 November 2024 at 05:13In 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
GSTN Issues Important Advisory on GSTR 2B and IMS
18 November 2024 at 05:13It has been reported by few taxpayers that their GSTR-2B for October-2024 period has not been generated on 14th November, 2024.
Over 8 Crore ITRs Filed for AY 2024-25, 74% Opt for New Tax Regime
16 November 2024 at 07:00In 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.
FM Nirmala Sitharaman Refutes Karnataka's Claims of Tax Devolution Bias
16 November 2024 at 07:00Union 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.
NFRA Chairperson Justifies Audit Standards Revision Amid ICAI Opposition
16 November 2024 at 07:00National 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.
GSTN: Resolution Underway for Duplicate Invoices in GSTR-2B for September and October 2024
16 November 2024 at 07:00The 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.
GST Officials Uncover Rs 48 Crore Tax Evasion in Gujarat Copper Trading Case
16 November 2024 at 07:00In 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.
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