CAclubindia News

Income Tax Bill 2025: IT Department Clarifies If Late ITR Filers Can Still Get Refunds

19 February 2025 at 08:36

The recently introduced Income Tax Bill, 2025, in the Lok Sabha has sparked concerns among taxpayers regarding their eligibility for income tax refunds if they file their Income Tax Return (ITR) after the due date.

Posted in Income Tax | 5025 Views

FM Nirmala Sitharaman Applauds Indian Customs Role in Economic Growth & Trade Facilitation

19 February 2025 at 08:36

Hon'ble Finance Minister Nirmala Sitharaman highlights Customs' role in Economic Security and Growth

Posted in Custom | 273 Views

Parliamentary Panel Questions MCA on NFRA's Performance, Budget Utilisation & Audit Oversight

18 February 2025 at 08:53

The Standing Committee on Finance, chaired by BJP MP Bhartruhari Mahtab, has sought detailed written responses from the Ministry of Corporate Affairs (MCA) regarding the functioning of the National Financial Reporting Authority (NFRA)

Posted in Audit | 618 Views

Biometric Aadhaar Authentication for GST Registration Now Live in Jharkhand & Andaman & Nicobar

18 February 2025 at 08:50

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Jharkhand and Andaman and Nicobar Islands

Posted in GST | 381 Views

ICAI Invites Contributions to Self-Paced Online Module Exam Question Bank

18 February 2025 at 08:49

The Institute of Chartered Accountants of India (ICAI) has invited contributions from Chartered Accountants and subject-matter experts for its Self-Paced Online Module Examinations under the New Scheme of Education and Training.

Posted in Students | 1935 Views

Tax Deductions for Political Donations: Individual Taxpayers Outpace Corporates

18 February 2025 at 08:34

The revenue impact of tax deductions availed by individual taxpayers for donations to political parties has witnessed a sharp surge post-Covid-19, surpassing corporate contributions in the two financial years leading up to the 2024 Lok Sabha election

Posted in Income Tax | 1629 Views

CBIC Clarifies GST Rates on Popcorn

18 February 2025 at 08:34

The Central Board of Indirect Taxes & Customs (CBIC) has issued a clarification on GST rates applicable to different categories of popcorn, settling ongoing disputes over tax interpretation. The board has also regularised rate disputes on specifi

Posted in GST | 786 Views

ICAI Opens Empanelment for Observers for CA Exams May 2025

18 February 2025 at 08:34

The Institute of Chartered Accountants of India (ICAI) has invited applications for the empanelment of members to act as observers at the examination centers for the Chartered Accountants Examinations, May 2025.

Posted in Students | 1 comments | 10647 Views

Income Tax Bill 2025 Aims to Simplify NRI Taxation, Provide Clarity

17 February 2025 at 07:42

The Income Tax Bill 2025 seeks to create a more transparent and efficient tax framework for Non-Resident Indians (NRIs) by addressing long-standing concerns and reducing litigation risks, according to tax experts.

Posted in Income Tax | 2043 Views

28% GST Impact: Dream11 CEO Warns of Massive Shutdowns in Online Gaming Sector

17 February 2025 at 07:42

The Indian online gaming industry is at a critical juncture, with Dream11 co-founder and CEO raising concerns over the government's retrospective GST demands exceeding ₹1.1 lakh crore.

Posted in GST | 1407 Views