CAclubindia News
Banking Laws (Amendment) Act, 2025: New Nomination Rules for Depositors Effective 1st Nov 2025
24 October 2025 at 06:15Key nomination provisions under the Banking Laws (Amendment) Act, 2025 to take effect from Nov 1, allowing up to 4 nominees and ensuring transparent claim settlements.
UPI Festive Boom: Digital Payments Hit Record Rs 23.5 Lakh Crore in October 2025
24 October 2025 at 06:15UPI recorded its highest-ever single-day transaction value this Diwali, hitting Rs 1.02 lakh crore across 754 million transactions. NPCI data shows India’s festive season driving record digital payments, credit card growth, and fintech innovation.
CBDT APA Annual Report 2024-25: Unprecedented Growth in Unilateral & Bilateral Agreements
23 October 2025 at 06:14CBDT's APA Annual Report 2024-25 records a surge in Advance Pricing Agreements, offering tax certainty for multinational enterprises and strengthening India's ease of doing business
CBDT Issues Directions on Verification of Expenses in the Entertainment Sector Following C&AG Audit Report
23 October 2025 at 06:14CBDT issues fresh directions following C&AG's Performance Audit Report on the entertainment sector, instructing tax officers to ensure uniform assessment of pre-operative and film production expenses under Rules 9A and 9B of the Income-tax Rules, 1962.
Audit Flags Cost Escalation and GST Issues in Chandigarh Streetlight Works
23 October 2025 at 06:14Audit report exposes cost escalation, non-scheduled items, and unverified GST payments in Electrical Division No. 3 streetlight works. Final action from authorities awaited.
GST Authorities Arrest Key Suspect in Rs 12 Crore Fake ITC Scam
23 October 2025 at 06:14Assam GST officials arrest Ujjawal K. Agarwal for allegedly issuing fake Input Tax Credit through bogus billing worth Rs 12 crore. Bail denied, under judicial custody.
Advocate Falls Victim to Corporate Identity Theft in Rs 5.22 Crore GST Fraud Case
22 October 2025 at 06:14A 43-year-old Hyderabad advocate alleged her identity was forged to register multiple private firms, leading to ₹5.22 crore tax evasion notices.
DGGI Uncovers Rs 21.64 Crore GST Evasion by Scrap Dealer in Karnataka
22 October 2025 at 06:14The DGGI Belagavi unit unearthed Rs 21.64 crore GST evasion by a scrap trader in Harihar, Davanagere, involving fake invoices worth Rs 112 crore and fraudulent ITC claims.
GST Cuts Boost Festive Consumption: FM Sitharaman Expects Demand to Stay Strong Beyond Season
22 October 2025 at 06:14FM Sitharaman said recent GST cuts effective from September 22 have boosted festive consumption, with Rs 2.5 lakh crore in tax benefits reaching consumers.
RBI Rate Cut Likely Before Year-End as GST Simplification Boosts Credit Outlook
21 October 2025 at 08:37A report predicts another policy rate cut before year-end as GST simplification, regulatory easing, and RBI measures boost credit demand and growth outlook.
Popular News
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