CAclubindia News

India to Launch First Nationwide Household Income Survey in 2026 to Tackle Inequality and Tax Gaps

01 July 2025 at 09:15

India will launch its first-ever nationwide Household Income Survey in February 2026, offering policymakers comprehensive and direct data on household earnings from salaries, agriculture, business, investments, and informal sector jobs.

Posted in Income Tax | 855 Views

Rs 34 Crore GST Scam Busted in Madhya Pradesh

01 July 2025 at 09:11

The Madhya Pradesh Economic Offences Wing (EOW) has unearthed a massive ₹34 crore input tax credit (ITC) scam involving fake firms and fraudulent registrations.

Posted in GST | 105 Views

CA Day 2025: ICAI Charts a Bold Vision for India's Economic Future

01 July 2025 at 09:07

Celebrating the 77th CA Day, ICAI reaffirms its commitment to trust, integrity, MSME growth, global leadership, and building Viksit Bharat by 2047

Posted in Students | 2322 Views

CA May 2025 Results Likely to be declared on 6th July 2025

30 June 2025 at 16:33

The Institute of Chartered Accountants of India (ICAI) is likely to declare the results of the Chartered Accountants Final, Intermediate, and Foundation Examinations held in May 2025 on Sunday, July 6, 2025

Posted in Students | 1 comments | 3927 Views

Ravi Agrawal Reappointed as CBDT Chairman on Contract Basis Till June 2026

30 June 2025 at 09:13

The Appointments Committee of the Cabinet (ACC) has approved the re-appointment of Shri Ravi Agrawal, IRS (IT:88028), as the Chairman of the Central Board of Direct Taxes (CBDT).

Posted in Income Tax | 1488 Views

IT Department Flags 1.65 Lakh ITRs for Scrutiny in AY 2025 - 3X Surge Over Previous Years

30 June 2025 at 09:13

The Income Tax Department has selected around 1.65 lakh cases for scrutiny assessment for AY 2025, marking a significant rise from previous years.

Posted in Income Tax | 7647 Views

ICAI Unites CAs and Entrepreneurs to Power MSME & Startup Ecosystem for Viksit Bharat 2047

30 June 2025 at 08:57

ICAI inaugurated the MSME & Startup Conclave 2025 at Sahara Star, Mumbai. The theme of the event was "FATHOM" which stands for the six foundational pillars of MSME success: Finance, Accounting, Tech Support, Human Resources, Operations and Marketing.

Posted in Professional Resource | 1593 Views

ICAI Launches GCC Summit 2025 to Boost India's Global Leadership in Capability Centres

30 June 2025 at 08:51

ICAI inaugurated the much-anticipated GCC Summit 2025 in New Delhi, marking the beginning of a two-day event dedicated to empowering and shaping the future of Global Capability Centres (GCCs) in India.

Posted in Professional Resource | 159 Views

CBDT Directs Tax Officers to Ensure 'Application of Mind' in Scrutiny Notices, Avoid Irrelevant Queries

28 June 2025 at 09:16

The Central Board of Direct Taxes (CBDT) has issued a directive to Income Tax Department officials across India, emphasizing the need for "due application of mind" while issuing scrutiny notices.

Posted in Income Tax | 7350 Views

Finance Ministry May Amend Income Tax Bill 2025 to Restore Section 80M for 22% Tax Regime

28 June 2025 at 09:12

The Ministry of Finance is expected to amend the draft Income Tax Bill, 2025, to reinstate Section 80M benefits for companies opting for the 22% concessional tax regime under Section 115BAA.

Posted in Income Tax | 23067 Views