CAclubindia News

CBDT Notifies Tax Exemptions for Odisha PCB, Haryana Technical Education Board & Odisha RERA Under Section 10

28 November 2025 at 06:22

CBDT notifies SPCB Odisha, HSBTE Panchkula and Odisha RERA for income-tax exemptions under Section 10, covering statutory fees, grants, and related revenues. Notifications apply retrospectively and prospectively from 2023-2029.

Posted in Income Tax | 201 Views

CBDT launches 2nd NUDGE initiative to strengthen voluntary compliance in respect of Foreign Assets

28 November 2025 at 06:22

CBDT launches the 2nd NUDGE initiative, sending SMSs and emails from 28 Nov 2025 to taxpayers flagged for unreported foreign assets. Individuals are advised to review and revise ITRs by 31 Dec 2025 to avoid penalties.

Posted in Income Tax | 1575 Views

DGGI Interrogates Mumbai-based CA Inside Bhubaneswar Jail in Rs 325 Crore GST Fraud Probe

27 November 2025 at 09:24

DGGI interrogates Mumbai CA Nilesh Jigiowala inside Bhubaneswar’s Jharpada Jail in a Rs 325 crore GST fraud probe. 105 companies under scanner.

Posted in GST | 1 comments | 3408 Views

Centre Plans Auto-Populated GSTR-3B to Curb Fake ITC by 2026

27 November 2025 at 06:58

The Centre is planning major GST reforms, including restricting GSTR-3B edits and auto-populating data from GSTR-1 and GSTR-2B to curb fake ITC by 2026.

Posted in GST | 4896 Views

UPS Option Deadline Nears: Govt Urges NPS Subscribers to Apply by 30th Nov 2025

27 November 2025 at 06:09

The last date to opt for the Unified Pension Scheme (UPS) is Nov 30, 2025. Govt urges eligible NPS subscribers to apply online or via nodal offices.

Posted in Income Tax | 237 Views

FM Directs MCA to Strengthen E-Governance, Fast-Track Mergers and Improve Service Delivery

27 November 2025 at 06:09

FM Nirmala Sitharaman reviewed MCA’s RDs and ROCs, stressing simplified processes, transparent governance, a live dashboard, and a futuristic MCA for Viksit Bharat 2047.

Posted in Corporate Law | 1107 Views

MCA Plans Big Relief for Micro Companies: Statutory Audit Likely To Be Optional Up to Rs 1 Crore Turnover

27 November 2025 at 06:09

The Centre may exempt companies with turnover up to ₹1 crore from statutory audits, marking a major Companies Act reform set to be taken up in the Winter Session.

Posted in Corporate Law | 1 comments | 13995 Views

MGST Issues Circular Waiving Late Fees for October 2025 MVAT & PT Returns

27 November 2025 at 06:09

The Maharashtra GST Department has announced a complete waiver of late fees for MVAT, CST and PT monthly returns for October 2025 due to a system upgrade, subject to timely tax payment and revised filing deadlines.

Posted in GST | 2403 Views

West Bengal GST Department Issues Framework for Selecting Taxpayers for Audit Under WBGST Act, 2017

27 November 2025 at 06:09

The West Bengal GST Department has released guidelines outlining the criteria and process for selecting registered taxpayers for audit under the WBGST Act, 2017.

Posted in GST | 9111 Views

GST Refund Delays Hurt Punjab Industry, FICO Pushes for Automated System

26 November 2025 at 06:21

FICO has urged the Punjab government to automate GST refunds, citing delays caused by the inverted duty structure and a burdensome four-stage verification process.

Posted in GST | 222 Views