CAclubindia News
Gross Direct Tax Collection Rises 4.86% in FY26 Despite Surge in Refunds
23 June 2025 at 09:16While gross collections surged by 4.86%, reaching Rs 5.45 lakh crore, a significant rise in refunds-up by 58.04%-brought down the net collections.
CBDT Reviews Status of Follow-Up Actions Under Exchange of Information Framework
23 June 2025 at 09:13Some media reports have suggested that money deposited in bank accounts of Indian entities in Switzerland has increased. It is reported that the data pertains to different types of funds, including deposits from enterprises, banks and individuals.In
MCA Allows Separate Filing of e-Form CSR-2 on V3 Portal After Transition from MCA21 V2 to V3
23 June 2025 at 09:11The Ministry of Corporate Affairs (MCA) has issued General Circular No. 02/2025 announcing the transition from MCA21 Version 2 (V2) to Version 3 (V3) for annual filing forms and related e-forms.
Income Tax Dept Uncovers Rs 29,208 Crore in Undisclosed Foreign Assets via Belated Returns
23 June 2025 at 09:09The Income Tax Department identifies Rs 29,208 crore in foreign assets through belated returns for AY 2024-25. CBDT intensifies scrutiny using global data-sharing mechanisms amid spike in Indian deposits in Swiss banks.
Tragic Death of a Young Chartered Accountant Highlights Mental Health Crisis Among Professionals
21 June 2025 at 16:34A 28-year-old Chartered Accountant employed at a private company in Hyderabad tragically died by suicide at a local hotel on Tuesday night, according to police sources.
Senior Citizens Welfare Fund Deposits to Earn 3.35% Interest for FY 2024-25
21 June 2025 at 07:57The Ministry of Finance has announced that deposits made under the Senior Citizens Welfare Fund (SCWF) will earn 3.35% interest for the financial year 2024-25. The interest rate will apply retrospectively from April 1, 2024, to March 31, 2025.
TDS Exemption for IFSC Units Under Section 80LA Effective July 1, 2025
21 June 2025 at 07:56In a major relief aimed at bolstering India's International Financial Services Centres (IFSCs), the Central Government has issued a notification exempting TDS on certain payments made to units operating in IFSCs
FM Sitharaman Urges CBIC to Simplify GST Registration, Expedite Grievance Redressal
21 June 2025 at 07:24Union Finance Minister Reviews CBIC Performance; Emphasizes Trade Facilitation and Taxpayer Services
State GST Dept Arrests Businessman for Rs 25 Crore Fake ITC Scam
21 June 2025 at 06:49The Assam State GST (AGST) Department has arrested Ishak Ahmed, Director of Khushi Digital Payment Private Limited, for allegedly evading taxes worth Rs 25 crore through fake billing and fraudulent Input Tax Credit
ICAI Announces GCC Summit Series to Strengthen India's Global Leadership in Financial Services
21 June 2025 at 06:44ICAI Launches Nationwide GCC Summit Series - New Delhi, Ahmedabad (GIFT City), Mumbai and Hyderabad
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