CAclubindia News


ICAI to host World Forum of Accountants 2025 in New Delhi

   16 January 2025 at 08:51

More than 8000 Delegates from over 40+ Countries congregate at the Biggest Accounting Festival in India3 Day Event, over 150+ globally renowned speakers will deliberate on 40 + insightful sessions The Institute of Chartered Accountants of India (ICAI

Posted in Professional Resource |   1401 Views


Income Tax Department Empowered to Attach Assets Under Anti-Benami Law Even Without Identifying Beneficial Owner

   16 January 2025 at 08:50

In a significant ruling dated November 26, 2024, the Adjudicating Authority under the PBPT Act, 1988, upheld the Income Tax Department's power to attach assets under the anti-benami law, even if the actual owner of such properties remains unidentified.

Posted in Income Tax |   1995 Views


Commercial Tax Department Tightens Vigilance on Fake GST Credit Claims

   16 January 2025 at 08:50

In response to the increasing cases of fake GST credit claims, the commercial tax department has introduced proactive measures to curb fraud at its roots.

Posted in GST |   606 Views


Income Tax Department Cracks Down on Tax Evasion in Educational Institutions

   16 January 2025 at 08:50

The Income Tax Department has intensified its crackdown on tax evasion within the education sector, conducting nationwide surveys targeting schools suspected of financial irregularities.

Posted in Income Tax |   2274 Views


GSTAT Setup Delayed: Tribunals May Take Another Six Months to Become Operational

   16 January 2025 at 08:49

According to a report, the much-awaited Goods and Services Tax Appellate Tribunals (GSTAT) might not be functional until mid-2025, as delays in state-level appointments and infrastructure allocation persist.

Posted in GST |   2370 Views


CBDT Approves Central Power Research Institute for Tax Benefits under Income Tax Act, 1961

   16 January 2025 at 08:49

In a significant move, the Central Government has granted approval to the Central Power Research Institute (CPRI), Bengaluru, under the category of "Research Association" for "Scientific Research" as per Section 35(1)(ii) of the Income Tax Act, 1961.

Posted in Income Tax |   876 Views


GST Appeal Withdrawal Process Simplified: Key Update for Waiver Scheme Applicants

   15 January 2025 at 08:05

One of the eligible conditions for filing application under waiver scheme is to withdraw the appeal applications filed against the demand order/notice/statement for which waiver application is to be submitted.

Posted in GST |   8700 Views


Net Direct Tax Collections Jump 15.88% to Rs 16.90 Lakh Crore in FY 2024-25

   15 January 2025 at 07:58

According to the latest data, net direct tax collections, after refunds, have increased by 15.88%, reaching ₹16,89,928 crore.

Posted in Income Tax |   1455 Views


ICAI Announces Requirements for Applying for May 2025 CA Final Exams

   15 January 2025 at 07:58

The Institute of Chartered Accountants of India (ICAI) has released comprehensive guidelines for candidates planning to appear in the May 2025 CA exams.

Posted in Students  1 comments |   76641 Views


ICAI unveiled its first-of-its-kind Advanced Flagship Program on Family Enterprises: A Game Changer Initiative

   15 January 2025 at 07:58

The Institute of Chartered Accountants of India (ICAI) today started its first batch of Advanced Flagship Program, Empowering Trusted Advisors – Unlocking the Potential of Family Enterprises.

Posted in Professional Resource |   579 Views



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