CAclubindia News


Bombay HC Orders Rs 19.44 Lakh Reward to 76 Year Old Whistleblower After 29 Years in Rs 361 Crore Tax Evasion Case

   27 June 2025 at 09:22

After 29 years, whistleblower Darshan Singh Parmar secures Rs 19.44 lakh reward for exposing a Rs 361 crore tax evasion racket. Bombay HC slams Maharashtra govt for delay and bureaucratic apathy.

Posted in Income Tax |   1692 Views


India-Oman Double Taxation Agreement Amended

   27 June 2025 at 09:22

The Government of India has officially notified the Protocol amending the 1997 Double Taxation Avoidance Agreement (DTAA) between India and the Sultanate of Oman.

Posted in Income Tax |   1401 Views


Aadhaar Authentication for IBPS Exams Notified to Curb Fraud and Impersonation

   27 June 2025 at 09:10

Government Notifies Voluntary Use of Aadhaar Authentication by IBPS for Candidate Verification in Examinations conducted by it

Posted in Others |   1176 Views


GST Tax Evasion Scam Worth Rs 524 Crore Busted, Seven Arrested Across States

   26 June 2025 at 09:20

In a major breakthrough, police have arrested seven individuals allegedly involved in a massive GST tax evasion racket valued at over Rs 524 crore.

Posted in GST |   528 Views


FM Sitharaman Directs CBDT to Accelerate Tax Refunds and Settle Pending Appeals

   26 June 2025 at 09:19

Union Finance Minister reiterated the need for timely processing of tax refunds and proactive resolution of taxpayer grievances

Posted in Income Tax |   6480 Views


CBDT Relaxes Time Limit for Processing Conditionally Accepted ITRs Filed Under Section 119(2)(b)

   26 June 2025 at 09:18

The Central Board of Direct Taxes (CBDT) has issued Circular No. 07/2025, dated June 25, 2025, extending the time limit for processing income tax returns (ITRs) filed with condonation of delay under Section 119(2)(b) of the Income-tax Act, 1961.

Posted in Income Tax |   6567 Views


Ministry of Finance Notifies Launch of Rs 50 Commemorative Silver Coin for Golden Year Celebration

   26 June 2025 at 09:15

The Ministry of Finance has notified the release of a special commemorative Rs 50 silver coin to celebrate the Golden Year of the Official Language Department, as per Gazette Notification No. G.S.R. 412(E) dated June 25, 2025.

Posted in Others |   522 Views


ICAI Releases Detailed Guidelines for CA Intermediate September 2025 Exams

   25 June 2025 at 09:28

The Institute of Chartered Accountants of India (ICAI) has officially issued the Guidance Notes for the CA Intermediate Examination scheduled in September 2025, under Regulation 28G(4) of the Chartered Accountants Regulations, 1988.

Posted in Students |   9882 Views


CBDT Grants Income Tax Exemption to FSSAI Under Section 10(46A)

   25 June 2025 at 09:16

CBDT notifies tax exemption for FSSAI under Section 10(46A) of the Income-tax Act, effective AY 2026–27. The exemption supports the authority’s role under the Food Safety and Standards Act, 2006.

Posted in Income Tax |   2790 Views


CBIC Clarifies Review, Revision & Appeal Procedures for Orders Passed by Common Adjudicating Authorities Handling DGGI SCNs

   25 June 2025 at 09:13

CBIC has issued Circular No. 250/07/2025-GST dated June 24, 2025, providing much-needed clarity on the review, revision, and appeal procedures applicable to Orders-in-Original (O-I-Os) passed by Common Adjudicating Authorities (CAA).

Posted in GST |   2799 Views



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