CAclubindia News
ICAI to Host Nationwide Convocation in August 2025 for New Members and Rank Holders
31 July 2025 at 08:50ICAI will host its Convocation on 25th August 2025 across major cities to award Certificates of Membership/COP to new CAs enrolled between Jan 1 and July 15, 2025, and felicitate CA Final rank holders from Nov 2024 and May 2025 exams.
Death is Most Beautiful: CA Dies by Suicide in Delhi Airbnb Using Helium Bought for Rs 3500
30 July 2025 at 16:30A 25-year-old Gurugram man, Dheeraj Kansal, died by suicide in a Delhi Airbnb flat after inhaling helium gas. His emotional Facebook note revealed years of inner turmoil and requested no one be blamed. Police are investigating.
Drunk CGST Clerk Sells Sensitive Tax Files as Scrap for Rs 5000 in Nagpur
30 July 2025 at 09:29CGST clerk in Nagpur was caught stealing sensitive tax files and selling them as scrap for Rs 5,000. CCTV footage led to his suspension and a departmental inquiry, raising serious data security concerns.
18% GST Fixed on User Development Fees Charged by Airlines: Government Clarifies in Lok Sabha
30 July 2025 at 09:23Government confirms 18% GST on User Development Fees collected by airlines, as clarified in Lok Sabha on July 28, 2025, following a query by MP Shri Matheswaran V S.
Karnataka MP Raises Concerns Over Income Tax Act Amendments Impacting CA Services
30 July 2025 at 09:18MP G. Kumar Naik has raised concerns that the proposed amendments to the Income Tax Act may negatively impact Chartered Accountants.
No Change in LTCG Tax Rates in Income Tax Bill 2025, Clarifies IT Department
30 July 2025 at 09:12The IT Department has clarified that the Income Tax Bill, 2025 does not propose any changes to LTCG tax rates. The Bill focuses on simplifying language and removing obsolete provisions, with all ambiguities to be addressed during the legislative process.
ICAI Limits 60 Tax Audit Assignments Per CA Partner from FY 2026-27
30 July 2025 at 09:05ICAI has issued new guidelines titled "The Chartered Accountants (Limit on Number of Tax Audits) Guidelines, 2025," capping tax audit assignments at 60 per CA per year, effective from April 1, 2026
Excel Utilities for Updated Returns in ITR-1 & ITR-2 for AY 2021-22 and 2022-23 Now Available
30 July 2025 at 08:44The Income Tax Department has released the Excel Utilities for filing updated returns (ITR-U) using ITR-1 and ITR-2 forms for Assessment Years (AY) 2021-22 and 2022-23. These updates are aligned with the amendments introduced in the Finance Act, 2025
Govt Issues 5,892 AEO Certificates to Boost Exports and Imports as of June 2025
30 July 2025 at 08:40The Government of India has issued 5,892 AEO certificates as of June 30, 2025, to fast-track exports and imports. Key initiatives include trade facilitation for MSMEs, relaxed norms, and global recognition through Mutual Recognition Arrangements (MRAs).
GST on Apartment Maintenance: No Burden on Residents, Clarifies FM Sitharaman
29 July 2025 at 09:18Finance Minister Nirmala Sitharaman clarifies that GST applies only to apartment associations with turnover above Rs 20 lakh and monthly maintenance charges over Rs 7,500 per member. Residents are not liable for GST compliance.
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