CAclubindia News
Finance Bill 2025: Exemption from Prosecution for Delayed TCS Payment Introduced
07 February 2025 at 08:47The Finance Bill 2025 has introduced a crucial amendment to Section 276BB of the Income-tax Act, 1961, which pertains to the prosecution for failure to deposit Tax Collected at Source (TCS) with the Central Government.
RBI Reports Rs 2000 Note Circulation Down to Rs 6,577 Crore, 98.15% Withdrawn
07 February 2025 at 08:47The Reserve Bank of India (RBI) has reported a significant reduction in the circulation of ₹2000 denomination banknotes, with 98.15% of the total Rs 2000 notes withdrawn since their withdrawal was announced on May 19, 2023.
Central GST Commissionerate Uncovers Rs 658.55 Crore Fake Invoice Racket
07 February 2025 at 08:47In a significant crackdown on GST fraud, the Central GST Itanagar Commissionerate has exposed a massive fake invoice racket involving Rs 658.55 crore in fraudulent transactions without any actual supply of goods.
Finance Ministry Directs Staff to Avoid AI Tools Like ChatGPT, DeepSeek Over Data Security Risks
06 February 2025 at 09:02The Finance Ministry has issued a directive prohibiting officers and staff from using AI tools such as ChatGPT and DeepSeek on office computers, citing risks to the confidentiality of government data and documents.In a note dated January 29, the Depa
Presumptive Tax Regime Introduced for Non-Residents in Electronics Sector
06 February 2025 at 08:45Scheme of presumptive taxation extended for non-resident providing services for electronics manufacturing facility
Tax Relief for Non-Residents: Section 10 Amendment on Offshore Derivative Instruments in IFSC
06 February 2025 at 08:45Amendment of Section 10 related to Exempt income of Non-Residents
Tax Relief for Global Investors: India Extends SWF & PF Investment Deadline to 2030
06 February 2025 at 08:45Extension of date of making investment by Sovereign Wealth Funds, Pension Funds & others and rationalisation of tax exemptions
GST Council Close to Finalizing Fewer, Lower Tax Rates: FM Sitharaman
06 February 2025 at 08:45In a significant development for India's taxation landscape, Finance Minister Nirmala Sitharaman announced on Tuesday that the GST Council is close to finalizing its decision on rationalizing GST rates.
Section 271AAB Amended by Finance Bill 2025: Major Changes in Penalty Provisions Under IT Act
06 February 2025 at 08:45Major Changes in Penalty Provisions Under Income-tax Act: Section 271AAB Amended by Finance Bill 2025
New Direct Tax Code to Simplify Structure, No New Taxes to Be Introduced: Finance Secretary
06 February 2025 at 08:45In a significant update ahead of the Budget 2025-26, Finance Secretary Tuhin Kanta Pandey confirmed that the upcoming New Direct Tax Code Bill will not introduce any new taxes.
Popular News
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