CAclubindia News

Budget 2025: Tax Relief for Salaried Class and MSMEs Expected to Boost Economy

18 January 2025 at 07:54

As the Union Budget 2025-26 approaches, tax experts and stakeholders are urging the government to address key concerns of the salaried class and Micro, Small, and Medium Enterprises (MSMEs) to drive consumption, investment, and economic growth.

Posted in Union Budget & Policy | 2007 Views

ICAI Convocation February 2025: Schedule and Key Details Announced

18 January 2025 at 07:53

The Institute of Chartered Accountants of India (ICAI) has announced the schedule for its Convocation in February 2025.

Posted in Students | 13305 Views

Union Budget 2025: Insurance Industry Seeks Reforms, Tax Incentives and Capital Infusion for Growth

17 January 2025 at 09:01

The insurance sector is eagerly anticipating the Union Budget 2025, with expectations of significant amendments to the Insurance Act and key tax exemptions aimed at boosting health and protection insurance adoption.

Posted in Union Budget & Policy | 1743 Views

CREDAI Seeks 15% Income Tax for Affordable Housing in Budget 2025

17 January 2025 at 08:55

The Confederation of Real Estate Developers' Associations of India (CREDAI), representing over 13,000 developers, has urged the government to introduce a fixed 15% income tax rate for affordable housing projects in the upcoming Union Budget 2025.

Posted in Union Budget & Policy | 555 Views

RBI Announces Daily Variable Rate Repo (VRR) Auctions to Manage Liquidity

16 January 2025 at 08:54

In a significant move to manage liquidity in the banking system, the Reserve Bank of India (RBI) has decided to conduct Variable Rate Repo (VRR) auctions on all working days in Mumbai.

Posted in Community & General | 897 Views

ICAI to host World Forum of Accountants 2025 in New Delhi

16 January 2025 at 08:51

More than 8000 Delegates from over 40+ Countries congregate at the Biggest Accounting Festival in India3 Day Event, over 150+ globally renowned speakers will deliberate on 40 + insightful sessions The Institute of Chartered Accountants of India (ICAI

Posted in Professional Resource | 1476 Views

Income Tax Department Empowered to Attach Assets Under Anti-Benami Law Even Without Identifying Beneficial Owner

16 January 2025 at 08:50

In a significant ruling dated November 26, 2024, the Adjudicating Authority under the PBPT Act, 1988, upheld the Income Tax Department's power to attach assets under the anti-benami law, even if the actual owner of such properties remains unidentified.

Posted in Income Tax | 2160 Views

Commercial Tax Department Tightens Vigilance on Fake GST Credit Claims

16 January 2025 at 08:50

In response to the increasing cases of fake GST credit claims, the commercial tax department has introduced proactive measures to curb fraud at its roots.

Posted in GST | 708 Views

Income Tax Department Cracks Down on Tax Evasion in Educational Institutions

16 January 2025 at 08:50

The Income Tax Department has intensified its crackdown on tax evasion within the education sector, conducting nationwide surveys targeting schools suspected of financial irregularities.

Posted in Income Tax | 2385 Views

GSTAT Setup Delayed: Tribunals May Take Another Six Months to Become Operational

16 January 2025 at 08:49

According to a report, the much-awaited Goods and Services Tax Appellate Tribunals (GSTAT) might not be functional until mid-2025, as delays in state-level appointments and infrastructure allocation persist.

Posted in GST | 2589 Views