CAclubindia News

Direct Tax Code 2025: Major Reforms & Why Experts Are Concerned

04 March 2025 at 08:39

The recently introduced Direct Tax Code (DTC) 2025 aims to simplify India's tax regime, addressing long-standing demands from taxpayers for greater clarity and ease of compliance.

Posted in Income Tax | 2013 Views

ICAI Allows Permanent Exemptions for CA Final Candidates: Key Guidelines for May 2025 Exam

03 March 2025 at 09:26

The Institute of Chartered Accountants of India (ICAI) has announced a crucial update for CA Final candidates regarding permanent exemptions in papers.

Posted in Students | 114123 Views

ICAI Issues Guidance Notes on Making Exhausted Exemptions Permanent for CA Intermediate May 2025 Exams

03 March 2025 at 09:22

The Institute of Chartered Accountants of India (ICAI) has released new guidelines allowing CA Intermediate students to convert their exhausted exemptions into permanent exemptions.

Posted in Students | 5241 Views

49th Civil Accounts Day: FM Highlights PFMS's Role in Digital Governance

03 March 2025 at 08:43

The Civil Accounts Day 2025 was celebrated in New Delhi today to mark the 49th foundation day of Indian Civil Accounts Service (ICAS) with the Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, presiding over as Chief Guest.

Posted in Community & General | 375 Views

RBI: 98.18% of Rs 2000 Notes Returned, Rs 6,471 Crore Still Circulating

03 March 2025 at 08:42

The Reserve Bank of India (RBI) has provided an update on the withdrawal of ₹2000 denomination banknotes, revealing that as of February 28, 2025, only ₹6,471 crore worth of these notes remain in circulation.

Posted in Community & General | 372 Views

Lok Sabha Speaker Highlights Legal & Financial Reforms at ICAI Symposium on Viksit Bharat 2047

03 March 2025 at 08:41

Lok Sabha Speaker Shri Om Birla stressed that the recent initiatives in simplification and transparency in financial laws have provided an enabling environment for investment in India.

Posted in Community & General | 453 Views

GST Collections in February 2025 Surge 9.1% to Rs 1.83 Lakh Crore

03 March 2025 at 08:39

The Goods and Services Tax (GST) collections for February 2025 have shown a strong 9.1% year-on-year growth, reaching ₹1.83 lakh crore compared to ₹1.68 lakh crore in February 2024. This sustained increase reflects economic resilience, improved compl

Posted in GST | 1626 Views

ICAI President Unveils Vision for 2025-26: Advancing Technology & Promoting Work-Life Balance

01 March 2025 at 08:51

The newly elected President of the Institute of Chartered Accountants of India (ICAI) CA. Charanjot Singh Nanda along with Vice-President, CA. Prasanna Kumar D shared his vision at a press conference held in New Delhi.

Posted in Professional Resource | 1 comments | 1728 Views

Income Tax Bill 2025: GAAR-Based Reassessments May Extend Beyond Time Limits

01 March 2025 at 08:45

The Income Tax Bill 2025 proposes a major shift in tax reassessment rules, allowing authorities to issue notices under the General Anti Avoidance Rules (GAAR) even for tax years that have crossed the prescribed time limits.

Posted in Income Tax | 2610 Views

Lok Sabha Select Committee to Review Income Tax Bill 2025 on March 6-7

01 March 2025 at 08:45

The Select Committee of the Lok Sabha, chaired by Bharatiya Janata Party (BJP) Vice President and Lok Sabha MP Baijayant Panda, will examine the Income-Tax Bill 2025 on March 6 and 7, 2025.

Posted in Income Tax | 1545 Views