CAclubindia News
ICAI Submits Recommendations on IBC Amendment Bill, 2025 to Parliamentary Panel
07 November 2025 at 09:22ICAI has submitted detailed recommendations to the Parliamentary panel on the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, aiming to enhance efficiency, reduce delays, and strengthen India's insolvency resolution framework.
Finance Ministry Authorises Aadhaar Authentication for Central KYC Registry to Enhance Transparency and Ease of Access
07 November 2025 at 06:32The Ministry of Finance authorises Aadhaar-based authentication for the Central KYC Registry, enabling voluntary eKYC verification to simplify financial services, ensure transparency, and strengthen digital governance.
GST Team Monitors Horse Sales at Pushkar Fair as 5% Tax Applies for the First Time on Transactions Above Rs 40 Lakh
07 November 2025 at 06:32For the first time, GST officials monitored horse sales at Rajasthan's Pushkar Fair, applying 5% GST on transactions above Rs 40 lakh. Authorities said no horse has sold beyond Rs 10 lakh despite viral social media claims.
Major Relief for Aishwarya Rai Bachchan: ITAT Deletes Rs 4 Crore Section 14A Tax Disallowance
07 November 2025 at 06:32Aishwarya Rai Bachchan wins Rs 4 crore income tax case at ITAT Mumbai as the tribunal rules in her favour on Section 14A disallowance. The judgment clarifies how tax officers must record satisfaction before applying Rule 8D on exempt income expenses.
Two Women Booked for Rs 2.56 Crore GST Evasion by Creating Fake Firm in Lucknow
07 November 2025 at 06:32Two women traders in Lucknow have been booked for evading Rs 2.56 crore in GST by creating a fake firm, Gorupan Enterprises. The State Tax Department discovered the firm's address and contact details to be bogus.
ICAI Proposes Optional Joint Taxation for Married Couples in Pre-Budget 2026-27 Suggestions
07 November 2025 at 06:32ICAI, in its Pre-Budget 2026-27 suggestions, has proposed optional joint taxation for married couples to promote fairness and family welfare.
20 States Report Dip in GST Collections in October Amid Transition to GST 2.0 Rate Structure
06 November 2025 at 06:46GST collections slowed to 4.6% in October as 20 states saw declines, reflecting transition effects from the new GST 2.0 rate reform introduced in September.
FM Sitharaman Announces Next-Gen Customs Reforms, Reaffirms Fiscal Discipline and Growth Vision
06 November 2025 at 06:46Finance Minister Nirmala Sitharaman unveils plans for next-generation customs reforms, fiscal stability and India's roadmap to becoming a top global economy.
CBIC Clarifies GST Registration Requirement for Importers Storing Goods in Warehouses Outside Their Home State
06 November 2025 at 06:46CBIC clarifies that businesses storing goods in warehouses located in other States must obtain separate GST registration. The clarification outlines GST liability, invoicing, place of supply and compliance requirements under the CGST and IGST Acts.
CBDT Grants Income Tax Exemption to Karnataka Housing Board Under Section 10(46A)
06 November 2025 at 06:46CBDT grants income tax exemption to Karnataka Housing Board under Section 10(46A) of the Income Tax Act, effective from AY 2024-25. The notification ensures no adverse impact from its retrospective application.
Popular News
- Exceptions for Cash Payments Above Rs 10,000 under Rule 26 of Draft IT Rules 2026
- ICAI Introduces UDIN Ceiling & Field-Level Validation for Section 44AB Tax Audits from 1st April 2026
- Provident Fund Contributions Above Threshold? Here's How Rule 277 Taxes Interest
- ICAI: UDIN Validation Now Based on Five Parameters Including PAN
- Draft Form 124 Proposes Mandatory Disclosure of Relationship With Landlord for HRA Claims
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani -
IDT LIVE Exam Oriented Batch | May 2026, Sept 2026 & Jan 2027
CA Arpita Tulsyan
CAclubindia
