CAclubindia News


ITAT Delhi Grants Major Relief to Taxpayer in Section 14A Dispute Over Tax-Free Income

   20 December 2025 at 07:20

ITAT Delhi grants major relief to a taxpayer in a Section 14A dispute, ruling that Rule 8D disallowance applies only to investments generating tax-free income.

Posted in Income Tax |   1002 Views


Income Tax Department Flags Transaction Mismatch, Urges Taxpayers to Review AIS Before 31st Dec

   19 December 2025 at 09:37

Income Tax Department has sent advisory alerts to taxpayers over ITR-AIS mismatch. Review AIS, revise or file belated return by Dec 31, 2025.

Posted in Income Tax |   2085 Views


ICAI Reduces Verification & Certified Copy Fees for CA Exams Ahead of January 2026 Results

   19 December 2025 at 09:27

ICAI has reduced fees for verification and certified copies of CA exam answer books. New charges apply for Foundation, Intermediate, Final & PQC exams from Jan 2026 results.

Posted in Students |   2994 Views


Parliament Enacts Health Security se National Security Cess Act to Fund Security, Public Health

   19 December 2025 at 07:01

Parliament has enacted the Health Security se National Security Cess Act, 2025, introducing a machine-based cess on specified goods to fund national security and public health.

Posted in Others |   183 Views


Taxpayers Get 31st Dec Deadline: Undisclosed Property, Bank Deposits Under Scanner

   19 December 2025 at 07:01

Income Tax Dept detects large-scale under-reporting of property and cooperative bank transactions under SFT. Taxpayers get time till December 31 to file corrected returns.

Posted in Income Tax |   1326 Views


Lok Sabha Passes Insurance Law Amendment Bill 2025

   19 December 2025 at 07:01

Lok Sabha passes Insurance Law Amendment Bill 2025 allowing 100% FDI in insurance, strengthening IRDAI powers, boosting competition, capital inflows and policyholder protection.

Posted in Corporate Law |   237 Views


No New GoM on GST Revenue Losses Yet, Says FM Sitharaman

   18 December 2025 at 06:55

No new GoM planned on GST revenue losses as Centre admits rate rationalisation may leave states with Rs 47,700 crore net shortfall.

Posted in GST |   1275 Views


GST Rate on Apparel Rationalised; 18% Tax for Garments Above Rs 2500

   18 December 2025 at 06:54

GST on readymade garments priced above Rs 2500 has been increased to 18% from September 22, 2025, while items up to Rs 2500 now attract 5%, the government told Lok Sabha.

Posted in GST |   219 Views


GST Fraud: Four Arrested for Rs 37.87 Crore Tax Evasion Using Fake Firms

   18 December 2025 at 06:54

Kanpur police and State Tax department arrest four for Rs 37.87 crore GST evasion involving fake firms and bogus sales exceeding Rs 210 crore.

Posted in GST |   495 Views


GST Automation Playing Key Role in Tackling Tax Evasion: Finance Ministry

   18 December 2025 at 06:54

GST automation, e-invoicing and AI tools have reduced tax evasion, improved revenue buoyancy and boosted investor confidence, the government told Lok Sabha.

Posted in GST |   1353 Views



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