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ICAI Releases Exposure Draft on Proposed Guidelines for Overseas Network for public comments
07 June 2025 at 09:14ICAI releases Exposure Draft on Guidelines for Overseas Network by Committee for Aggregation of CA Firms (CACAF); invites public comments by June 27, 2025. Download and submit your views online or via email/post.
GST 2.0: Finance Ministry Holds Talks with Industry on Simplifying Tax Structure
06 June 2025 at 09:12The Finance Ministry has initiated consultations with industry stakeholders to address persistent concerns surrounding the GST and gather suggestions for streamlining the indirect tax framework.
Income Tax Department Launches 360-Degree Profiling to Track HNIs Underreporting Income
06 June 2025 at 09:08The Income Tax Department, in a significant move to curb tax evasion, has intensified its scrutiny of High Net Worth Individuals (HNIs) suspected of underreporting their income.
Nationwide GST Data Leak Scam Exposed: Surat CA Body Seeks Urgent FM Action
06 June 2025 at 09:04A shocking nationwide scam involving the illegal sale of sensitive GST data of traders has come to light, with Delhi, Ghaziabad and Noida emerging as operational hubs of a data racket allegedly run by a gang named 'Data Solution'.
GST Inspector Arrested Red-Handed in Palwal for Taking Bribe of Rs 5000
05 June 2025 at 09:32Anti-Corruption Bureau (ACB), Faridabad, on Monday arrested a female GST Inspector, identified as Sumitra, while she was allegedly accepting a bribe of Rs 5,000 in exchange for issuing a GST registration number.
CBDT Notifies Tax Info Sharing to Aid Maharashtra's Girl Child Welfare Scheme
05 June 2025 at 09:28Ministry of Finance (Department of Revenue) has issued a notification authorizing the sharing of Income Tax data with the Government of Maharashtra to help identify eligible beneficiaries under the Mukhyamantri Mazi Ladki Bahin Yojana.
FM Sitharaman Inaugurates New DRI Headquarters in New Delhi: Calls for Smarter, Dharma-Rooted Enforcement
05 June 2025 at 09:25Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman and Union Minister of State for Finance Shri Pankaj Chaudhary inaugurate Directorate of Revenue Intelligence (DRI) headquarters building, in New DelhiView enforcement and facili
Finance Ministry Calls for Streamlining of Central Schemes Ahead of 2026 Deadline
05 June 2025 at 09:23The Finance Ministry has called for a stricter and outcome-driven approach to reappraise all Central Sector Schemes (CSs) and Centrally-Sponsored Schemes (CSSs) that are set to end by March 31, 2026.
ICAI Releases Draft Panel for Appointment of Statutory Auditors for State and Central Co-operative Banks for FY 2025-26
05 June 2025 at 09:21ICAI has released the Draft Panel for the Appointment and Re-appointment of Statutory Auditors for State Co-operative Banks (StCCBs) and Central Co-operative Banks (CCBs) for the financial year 2025-26.
Income Tax Return Forms ITR-1 and ITR-4 Now Available for Online Filing with Prefilled Data
04 June 2025 at 13:27The Income Tax Department has enhanced the online filing experience for taxpayers by enabling the Income Tax Return (ITR) forms ITR-1 (Sahaj) and ITR-4 (Sugam) to be filed online with prefilled data.
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