CAclubindia News

FM Sitharaman introduces Revised Income Tax (No. 2) Bill, 2025 in Lok Sabha

11 August 2025 at 15:13

The Income-tax (No. 2) Bill, 2025, introduced in Lok Sabha, proposes a comprehensive overhaul of India's direct tax laws from April 1, 2026, with simplified provisions, updated definitions, modern compliance and stronger anti-avoidance measures.

Posted in Income Tax | 1947 Views

Government Appoints 31 Technical Members (Centre) to State Benches of GST Appellate Tribunal

11 August 2025 at 09:08

Government appoints 31 retired and serving IRS officers as Technical Members (Centre) in state benches of GST Appellate Tribunal, effective September 1, 2025, to boost GST dispute resolution efficiency.

Posted in GST | 852 Views

IT Department Charges Hyderabad Techies for Misusing ITR-U in Rs 2.22 Crore Fraud

11 August 2025 at 09:04

Hyderabad Income Tax Department prosecutes two IT professionals for Rs 2.22 crore tax fraud, alleging misuse of ITR-U facility to insert new bogus deductions after being flagged.

Posted in Income Tax | 3837 Views

GST Fraud of Rs 16 Crore: Aadhaar and PAN of Employees Used for Fake ITC

11 August 2025 at 08:58

Rs 16 Crore GST Evasion in Ballari Exposed; Shell Firms Operated with Forged Documents

Posted in GST | 1431 Views

Rajasthan Police Warns of Rising Online Frauds During ITR Filing Season

11 August 2025 at 08:52

Rajasthan Police warns of rising online scams during ITR filing season, with fraudsters using fake refund offers and phishing links to steal taxpayer data.

Posted in Income Tax | 228 Views

ICAI Issues Comprehensive Checklist for Certificates Issued by Chartered Accountants

11 August 2025 at 08:48

ICAI's Centre for Audit Quality issues an essential checklist for certificates by Chartered Accountants, ensuring compliance, accuracy and professional quality standards.

Posted in Audit | 4644 Views

ICAI Launches International ADR Centre to Promote Alternate Dispute Resolution in India

11 August 2025 at 08:42

ICAI launches the International ADR Centre to promote transparent, technology-enabled alternate dispute resolution mechanisms for commercial disputes in India.

Posted in Professional Resource | 738 Views

Lok Sabha Passes Manipur GST Amendment Bill 2025

09 August 2025 at 09:20

Lok Sabha passes the Manipur GST Amendment Bill 2025, allowing the state to levy tax on extra neutral alcohol used for liquor production, aligning with GST Council recommendations.

Posted in GST | 213 Views

West Bengal Launches Settlement of Dispute Scheme 2025 to Provide Relief to Taxpayers

09 August 2025 at 09:09

West Bengal introduces Settlement of Dispute Scheme 2025, allowing taxpayers to resolve pending sales tax, VAT, and entry tax cases at concessional rates. Apply by September 30, 2025.

Posted in Income Tax | 120 Views

GSTN Enables UPI and Card Payments for GST - Now Live in 23 States

09 August 2025 at 09:06

GSTN launches UPI and card payment options for GST dues, now live in 23 States, enabling faster, hassle-free tax payments and boosting digital compliance.

Posted in GST | 198 Views