CAclubindia News


Lok Sabha Passes Finance Bill 2025 with 35 Amendments, Moves to Rajya Sabha for Approval

   26 March 2025 at 08:34

The Lok Sabha on Tuesday passed the Finance Bill, 2025, incorporating 35 government amendments, marking a significant step in the Budget approval process.

Posted in Income Tax |   2166 Views


Income Tax Dept Flags Rs 29 Lakh Crore as Hard to Recover from Rs 43 Lakh Crore Dues

   25 March 2025 at 08:41

The Income Tax Department is grappling with an overwhelming backlog of direct tax arrears, with Rs 29 lakh crore classified as nearly impossible to recover, as per official submissions to the Parliamentary Standing Committee on Finance.

Posted in Income Tax |   2643 Views


Supreme Court Allows NFRA to Continue Proceedings Against CAs, but Restricts Final Orders

   25 March 2025 at 08:32

In a crucial development impacting India's audit and accounting sector, the SC has permitted the NFRA to proceed with disciplinary cases against CAs and audit firms even where no AQRRs have been prepared and final orders are yet to be passed.

Posted in Audit |   3279 Views


Govt Proposes to Scrap 6% Equalisation Levy on Digital Ads in Finance Bill 2025

   25 March 2025 at 08:32

In a significant move impacting India's digital advertising landscape, the government has proposed amendments to the Finance Bill 2025, including the removal of the 6% equalisation levy on online advertisements.

Posted in Income Tax |   1473 Views


DGGI Busts Rs 171.45 Crore GST Fraud, Accused Held

   24 March 2025 at 08:42

The Directorate General of GST Intelligence (DGGI), Visakhapatnam Zonal Unit, has arrested Maddi Prasad in Karnataka for his alleged involvement in a massive GST fraud case.

Posted in GST |   732 Views


CGST Delhi East Boosts GST Compliance in 2025 Registration Drive

   24 March 2025 at 08:38

CGST Delhi East Commissionerate encourages greater compliance and awareness among unregistered manufacturers and traders during GST Registration Campaign 2025

Posted in GST |   273 Views


DGGI cracks down on Offshore Online Money Gaming firms to curb Tax Evasion

   24 March 2025 at 08:34

DGGI blocks 357 websites/URLs of illegal/non-compliant offshore online money gaming entities

Posted in GST |   1194 Views


Centre's Push to Scrap 12% GST Slab Faces Resistance from States

   24 March 2025 at 08:34

Despite the Centre's push to simplify the GST structure by eliminating the 12% tax slab, the Group of Ministers (GoM) on GST rate rationalisation remains divided on the proposal.

Posted in GST |   1608 Views


Maharashtra Approves Tax Amnesty Scheme for PSUs, Aims to Recover Rs 8,000 Crore

   24 March 2025 at 08:34

In a significant move to resolve long-standing tax disputes, the Maharashtra Legislative Council on Thursday sanctioned a bill granting amnesty to PSUs of the Central and state governments for their tax dues to the Maharashtra government.

Posted in Income Tax |   630 Views


ICAI Extends 75% Fee Concession for CA Course Registrations in J&K, Ladakh, Andaman & Nicobar and Northeast

   22 March 2025 at 15:09

Renewal of 75% Concession in Registration Course Fee for all levels of CA Courses for the Candidates/ Students from Union Territories of Jammu & Kashmir, Ladakh, Andaman & Nicobar Islands and for 8 North-Eastern States

Posted in Students |   2943 Views



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