CAclubindia News
Parliamentary Panel Criticizes IT Dept for Not Segregating Business and Individual Income Under PIT
07 August 2025 at 09:03A parliamentary panel has criticised the Income Tax Department for refusing to segregate business and individual income under PIT, calling for a clear action plan to improve tax transparency and policy formulation.
Income Tax Bill 2025: No Exemption for Fast-Track Demergers, Startups May Suffer
07 August 2025 at 08:57Experts have criticised the Income-Tax Bill, 2025 for excluding fast-track demergers from tax-neutral treatment, warning that it contradicts ease of doing business and increases tax burden on startups and MSMEs.
Income Tax Department Detects Rs 30,444 Crore Undisclosed Income in FY25 Through 465 Surveys
07 August 2025 at 08:53In FY25, the Income Tax Department detected Rs 30,444 crore in undisclosed income through 465 surveys, Parliament was informed. Seizures and search operations also yielded assets worth over Rs 2,500 crore.
Over 91,000 GST Evasion & 44,000 ITC Fraud Cases Detected in 5 Years, Says Finance Ministry
06 August 2025 at 09:17The Finance Ministry informed Lok Sabha that while GST collections have largely met targets from FY21 to FY25, tax evasion cases surged to over 91,000, with Rs 7.08 lakh crore detected. Measures like e-invoicing and Project Anveshan aim to curb fraud.
GST on LIC Premiums: No Reduction Yet, GoM Seeks More Time
06 August 2025 at 09:03The Government is reviewing GST on LIC premiums, with no final decision yet. A Group of Ministers is evaluating the matter and their upcoming report may lead to possible tax relief for life insurance policyholders.
GST Council may Offer Amnesty to Small Vendors Flagged via UPI Data: Tax Commissioner
06 August 2025 at 08:50GST Council may grant amnesty from interest and penalties to small vendors flagged through UPI data, says Central Tax Commissioner Kotraswamy M.
Centre Appoints 31 Technical and 52 Judicial Members to GSTAT Across India
06 August 2025 at 08:41Govt of India appoints 83 members to GST Appellate Tribunal, aiming to fast-track GST dispute resolution and enhance judicial and technical expertise.
ICAI Signs MoU with IAGES to Strengthen Accreditation in the Gold Industry
06 August 2025 at 08:32The Institute of Chartered Accountants of India (ICAI) has inked an MoU with and Indian Association of Gold Excellence and Standards (IAGES) to implement a robust accreditation framework for value chain partners in the gold industry
Nagpur Trader Arrested for Rs 33.93 Crore Fake ITC Scam Under MGST Act
05 August 2025 at 09:07Maharashtra GST Dept. arrests Nagpur trader Mahesh Keshwani for availing Rs 33.93 crore fake ITC using bogus invoices from cancelled GST registrations. Judicial custody till Aug 14.
CBI Arrests Customs Superintendent in Mumbai for Accepting Rs 10.20 Lakh Bribe
05 August 2025 at 09:02CBI arrests Mumbai Customs Superintendent Krishan Kumar for accepting Rs 10.20 lakh bribe to clear consignments. Investigation reveals demands of Rs 10/kg and links to senior officers.
Popular News
- GSTN Issues Advisory on e-Invoice API and e-Way Bill by IRN API Changes Effective from 1st August 2026
- ICAI 40 Under 40 Awards 2026: Nominations Open for Young Chartered Accountants
- MCA Extends DPT-3 Filing Due Date: No Additional Fees Till 31st July 2026
- RBI Streamlines Payment System Regulations with Comprehensive Master Directions
- Income Tax Act 2025: Key FAQs on Proposed Tax Exemption for FIIs Investing in G-Secs
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
