CAclubindia News


ICAI President Announces Major Reforms, Global Alliances and AI-Readiness Initiatives for the Accounting Profession

   04 December 2025 at 06:59

ICAI President highlights the profession's journey of continuous growth, global leadership and responsible AI adoption while outlining key initiatives

Posted in Professional Resource |   1380 Views


ICAI Sets Guinness World Record with India's Largest Career Guidance Lesson for Youth

   04 December 2025 at 06:59

ICAI has set a Guinness World Record for the Largest Careers Advice Lesson during the CAFY 4.0 & Super Mega Career Counselling Programme in Mumbai, guiding 6,166 students in one structured session.

Posted in Professional Resource |   1281 Views


Finance Ministry Allows 80G Donations for Rs 50 Crore Renovation of Iconic Balakrishna Lalji Temple

   03 December 2025 at 09:29

The Ministry of Finance has notified the Shree Balakrishna Lalji & Other Deities Temple in Bhuleshwar, Mumbai as a place of historic importance under Section 80G.

Posted in Income Tax |   219 Views


Commercial Taxes Dept Uncovers Nearly Rs 100 Crore GST Evasion in Bengaluru

   03 December 2025 at 06:42

Bengaluru's GST Enforcement Wing detects nearly Rs 100 crore tax evasion in electronics, steel, cement and retail sectors during a 10-day crackdown.

Posted in Income Tax |   288 Views


Delhi HC Warns GST & Income Tax Departments Against Using AI-Generated Judgments in SCNs

   03 December 2025 at 06:42

Delhi High Court warns GST and Income-Tax departments against using AI-generated case laws in show cause notices, citing risks of fake judgments and AI hallucinations.

Posted in Income Tax |   3267 Views


Mumbai Security Guard Gets IT Notice After Rs 2.2 Crore Fraud Using His PAN

   03 December 2025 at 06:42

A Mumbai security guard earning Rs 3 lakh annually received IT notices after fraudsters used his PAN to register a company that made Rs 2.2 crore transactions. ..

Posted in Income Tax |   4791 Views


Karnataka HC Slams Coercive GST Recovery, Directs Refund of Rs 10 Crore to Trader

   03 December 2025 at 06:42

Karnataka High Court orders refund of Rs 10 crore GST payment, ruling it was not voluntary but coerced during a 2023 raid. Court directs 6% interest on refund.

Posted in GST |   3153 Views


India Records Strong Fiscal Performance: Rs 12.74 Lakh Crore Tax Revenue, Higher State Transfers

   03 December 2025 at 06:42

ndia's fiscal update for April-October 2025 shows total receipts of Rs 18 lakh crore, tax devolution of Rs 8.34 lakh crore to states, and expenditure at Rs 26.25 lakh crore.

Posted in Income Tax |   120 Views


MCA Raises Small Company Thresholds: Paid-Up Capital Rs 10 Crore, Turnover Rs 100 Crore

   02 December 2025 at 09:29

MCA revises the definition of small company, raising paid-up capital limit to Rs 10 crore and turnover to Rs 100 crore under the Companies Act. Amendment effective December 1, 2025.

Posted in Corporate Law |   15876 Views


GST Reforms, Labour Codes and Tax Overhaul Power India's Growth: CEA Nageswaran

   02 December 2025 at 08:03

India’s structural reforms, stable inflation, and strong capex are boosting efficiency and growth, said CEA V Anantha Nageswaran, as agencies revise FY26 GDP outlook upward.

Posted in GST |   591 Views



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