CAclubindia News

Income Tax Bill 2025: Major Changes in Deeming Provisions (Sections 68-69D) & Their Impact

25 February 2025 at 08:39

The Income Tax Bill 2025 has introduced significant modifications to the deeming provisions under Sections 68-69D of the Income Tax Act, 1961.

Posted in Income Tax | 2172 Views

ICAI Announces Requirements for Applying for CA Foundation & Intermediate May 2025 Exams

24 February 2025 at 09:08

The Institute of Chartered Accountants of India (ICAI) has issued important guidelines for candidates applying for the May 2025 CA exams.

Posted in Students | 25551 Views

ICAI Online Exam Forms for May 2025: Important Dates and Deadlines

24 February 2025 at 09:04

The Institute of Chartered Accountants of India (ICAI) has announced the schedule for online exam form submissions for the May 2025 Chartered Accountancy (CA) Examinations.

Posted in Students | 33363 Views

Income Tax Bill 2025: How Return Filing Simplifications Will Benefit Taxpayers

24 February 2025 at 08:54

The Income Tax Bill, 2025, aims to make income tax return (ITR) filing more structured and user-friendly. With streamlined provisions for taxpayers, exempt entities, and return deadlines, the proposed changes focus on better clarity and accessibility.

Posted in Income Tax | 2751 Views

Income Tax Bill 2025: Key Clarifications on Special Rate Provisions

24 February 2025 at 08:54

With taxpayers seeking clarity on the new tax regime, special rate provisions, and compliance requirements, here are some important takeaways

Posted in Income Tax | 3129 Views

DGGI Uncovers Rs 700 Crore GST Fraud in Rajasthan; Seven Arrested

24 February 2025 at 08:54

In a major crackdown on GST evasion, the Directorate General of GST Intelligence (DGGI) has unearthed a Rs 700 crore tax fraud in Rajasthan, exposing a large-scale scam in the scrap trading and iron goods industry.

Posted in GST | 2 comments | 1974 Views

CBDT Clarifies Rs 12 Lakh Income Tax Rebate Excludes Capital Gains

24 February 2025 at 08:54

Finance Minister Nirmala Sitharaman's Budget 2025 announcement regarding income tax rebates has created confusion among taxpayers, particularly about the inclusion of capital gains in the Rs 12 lakh exemption.

Posted in Income Tax | 4077 Views

RBI: Tax Cuts and Moderating Inflation to Boost Household Consumption

22 February 2025 at 09:00

The Reserve Bank of India (RBI), in its latest bulletin released on February 19, 2025, highlighted that the tax relief measures announced in the Union Budget 2025-26 and easing inflation are set to strengthen household consumption and investments.

Posted in Others | 453 Views

CBDT Begins Overhaul of Tax Rules After New Income Tax Act 2025

22 February 2025 at 08:59

In a significant move aimed at streamlining India's tax framework, the Union Budget 2025-26 has introduced a brand-new Income Tax Act, 2025.

Posted in Income Tax | 1731 Views

DRI Busts Seven Fake Currency Modules Across Four States, Nine Arrested

22 February 2025 at 08:58

In its drive against facilities engaged in the printing of Fake Indian Currency Notes (FICN), DRI busts seven more modules in Maharashtra (4), Haryana (1), Bihar (1) and Andhra Pradesh (1); nine arrested

Posted in Others | 321 Views