CAclubindia News
ICAI Clears Advertising for CA Firms, Approves Global Networking Rules; UDIN Crosses 10 Crore
15 December 2025 at 09:27ICAI announces landmark reforms allowing advertising by CA firms, approves global networking guidelines and reports UDIN crossing 10 crore.
IndiGo Faces Rs 58.75 Crore GST Penalty Notice Amid Ongoing Flight Disruptions
15 December 2025 at 06:44IndiGo has received a Rs 58.75 crore GST penalty notice for FY21 from the Delhi South CGST Commissionerate. The airline says the order is flawed, will challenge it legally, and expects no impact on operations or financials.
No Post-GST Compensation for Karnataka, Finance Ministry Tells Parliament
15 December 2025 at 06:44The Union Finance Ministry has ruled out any new GST compensation mechanism for Karnataka, citing strong growth in GST collections and rising central fiscal transfers, even as the State faces challenges in stamp duty and registration revenues.
Supreme Court Denies 40% Tax Deduction to Statutory Corporations on Non-Lending Income
15 December 2025 at 06:44Supreme Court rules that statutory corporations cannot claim the 40% tax deduction under Section 36(1)(viii) on income from dividends, deposits, or service charges, limiting the benefit strictly to profits derived from long-term financing activities.
Income Tax Dept Detects Over Rs 1000 Crore Tax Evasion in Refex Group Searches
15 December 2025 at 06:44The Income Tax Department has detected over Rs 1,000 crore in alleged tax evasion during search operations on Refex Group and its associates, uncovering bogus purchases, unexplained foreign investments and benami funding.
CBDT Nudges Taxpayers to Withdraw Bogus Donation Claims Using Data-Driven Tax Scanner
15 December 2025 at 06:44CBDT has launched a data-driven NUDGE campaign to curb bogus tax deductions under Sections 80G and 80GGC.
ICAI Announces December 2025 Convocation Schedule Across Major Indian Cities
13 December 2025 at 16:49The Institute of Chartered Accountants of India (ICAI) has announced the December 2025 Convocation schedule. Members enrolled between 16 July and 30 Nov 2025 and CA Final rank holders of Sept 2025 will be felicitated across multiple cities in India.
ICSI Introduces Fast-Track Support for MCA21 V3 E-Filing Issues Pending Over 7 Days
13 December 2025 at 09:19ICSI launches fast-track support for MCA21 V3 e-filing issues, offering a dedicated email, helpline and Google Form for tickets pending over 7 days.
Chartered Accountants Praised for Strengthening GST Framework at ICAI Pune Event
13 December 2025 at 06:51At an ICAI national GST conference in Pune, CGST chief Mayank Kumar said chartered accountants have played a crucial role in GST’s successful implementation and urged them to curb rising ITC irregularities.
FM Nirmala Sitharaman Signals Major Customs Overhaul Ahead of Budget 2026
13 December 2025 at 06:50FM Nirmala Sitharaman has hinted at a major overhaul of India’s customs framework before Budget 2026, with reforms expected in duty rationalisation, digitisation, compliance schemes and dispute resolution.
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