CAclubindia News

Lok Sabha Speaker Highlights Legal & Financial Reforms at ICAI Symposium on Viksit Bharat 2047

03 March 2025 at 08:41

Lok Sabha Speaker Shri Om Birla stressed that the recent initiatives in simplification and transparency in financial laws have provided an enabling environment for investment in India.

Posted in Others | 405 Views

GST Collections in February 2025 Surge 9.1% to Rs 1.83 Lakh Crore

03 March 2025 at 08:39

The Goods and Services Tax (GST) collections for February 2025 have shown a strong 9.1% year-on-year growth, reaching ₹1.83 lakh crore compared to ₹1.68 lakh crore in February 2024. This sustained increase reflects economic resilience, improved compl

Posted in GST | 1548 Views

ICAI President Unveils Vision for 2025-26: Advancing Technology & Promoting Work-Life Balance

01 March 2025 at 08:51

The newly elected President of the Institute of Chartered Accountants of India (ICAI) CA. Charanjot Singh Nanda along with Vice-President, CA. Prasanna Kumar D shared his vision at a press conference held in New Delhi.

Posted in Professional Resource | 1 comments | 1584 Views

Income Tax Bill 2025: GAAR-Based Reassessments May Extend Beyond Time Limits

01 March 2025 at 08:45

The Income Tax Bill 2025 proposes a major shift in tax reassessment rules, allowing authorities to issue notices under the General Anti Avoidance Rules (GAAR) even for tax years that have crossed the prescribed time limits.

Posted in Income Tax | 2070 Views

Lok Sabha Select Committee to Review Income Tax Bill 2025 on March 6-7

01 March 2025 at 08:45

The Select Committee of the Lok Sabha, chaired by Bharatiya Janata Party (BJP) Vice President and Lok Sabha MP Baijayant Panda, will examine the Income-Tax Bill 2025 on March 6 and 7, 2025.

Posted in Income Tax | 1428 Views

CA Foundation & Intermediate January 2025 Results likely to be declared on 4th March

28 February 2025 at 16:46

The Institute of Chartered Accountants of India (ICAI) is expected to declare the results of the Chartered Accountants Intermediate and Foundation Examinations held in January 2025 on Tuesday, March 4, 2025.

Posted in Students | 3510 Views

ICMAI Issues Advisory Against Unauthorized Activities to Protect Institute's Integrity

28 February 2025 at 09:48

The Institute of Cost Accountants of India (ICMAI) has issued a stern advisory warning its members against engaging in unauthorized activities that could harm the Institute's reputation, governance, and statutory framework.

Posted in Professional Resource | 609 Views

Income Tax Department Issues Notices Over Section 87A Rebate Claims on Capital Gains

28 February 2025 at 08:53

The Income Tax Department has started issuing demand notices to taxpayers who claimed a rebate under Section 87A on short-term capital gains (STCG) in their Income Tax Returns (ITRs).

Posted in Income Tax | 1 comments | 22428 Views

CBDT Clarifies Risk Management Strategy for Search and Survey Cases Under Amended IT Act

28 February 2025 at 08:46

CBDT has issued an Office Memorandum (OM) dated February 27, 2025, providing crucial clarifications on the implementation of the Risk Management Strategy under the IT Act, 1961, in light of recent amendments introduced by the Finance (No. 2) Act, 2024.

Posted in Income Tax | 2001 Views

Bengaluru ITAT Tax Ruling Overturned Due to AI Generated Fake Citations

28 February 2025 at 08:35

The increasing use of Artificial Intelligence (AI) in legal and financial research is raising concerns about its reliability, as seen in a recent tax ruling by the Bengaluru bench of the Income Tax Appellate Tribunal (ITAT).

Posted in Income Tax | 4077 Views