CAclubindia News

Adani Group's Tax Contribution Rises 29% to Rs 74,945 Crore in FY25

07 June 2025 at 09:29

Adani Group paid Rs 74,945 crore in taxes and related contributions in FY25 - a 29% increase from last year. The voluntary Tax Transparency Report highlights direct, indirect, and global tax payments.

Posted in Income Tax | 78 Views

Fake GST Officers Robbed Rs 29 Lakh from Accountant in Panipat

07 June 2025 at 09:22

An accountant from Panipat was robbed of Rs 29 lakh by imposters posing as GST officials near the Samalkha bypass. Police from Haryana and Uttar Pradesh have launched a joint investigation.

Posted in GST | 57 Views

RBI Slashes Repo Rate by 50 bps to 5.50% in June 2025

07 June 2025 at 09:14

RBI cuts repo rate by 50 bps to 5.50% in June 2025 MPC meet to support growth; CPI inflation forecast lowered to 3.7%, GDP growth retained at 6.5%. Policy stance shifted to neutral.

Posted in Others | 36 Views

ICAI Releases Exposure Draft on Proposed Guidelines for Overseas Network for public comments

07 June 2025 at 09:14

ICAI releases Exposure Draft on Guidelines for Overseas Network by Committee for Aggregation of CA Firms (CACAF); invites public comments by June 27, 2025. Download and submit your views online or via email/post.

Posted in Professional Resource | 27 Views

GST 2.0: Finance Ministry Holds Talks with Industry on Simplifying Tax Structure

06 June 2025 at 09:12

The Finance Ministry has initiated consultations with industry stakeholders to address persistent concerns surrounding the GST and gather suggestions for streamlining the indirect tax framework.

Posted in GST | 1332 Views

Income Tax Department Launches 360-Degree Profiling to Track HNIs Underreporting Income

06 June 2025 at 09:08

The Income Tax Department, in a significant move to curb tax evasion, has intensified its scrutiny of High Net Worth Individuals (HNIs) suspected of underreporting their income.

Posted in Income Tax | 1437 Views

Nationwide GST Data Leak Scam Exposed: Surat CA Body Seeks Urgent FM Action

06 June 2025 at 09:04

A shocking nationwide scam involving the illegal sale of sensitive GST data of traders has come to light, with Delhi, Ghaziabad and Noida emerging as operational hubs of a data racket allegedly run by a gang named 'Data Solution'.

Posted in GST | 13863 Views

GST Inspector Arrested Red-Handed in Palwal for Taking Bribe of Rs 5000

05 June 2025 at 09:32

Anti-Corruption Bureau (ACB), Faridabad, on Monday arrested a female GST Inspector, identified as Sumitra, while she was allegedly accepting a bribe of Rs 5,000 in exchange for issuing a GST registration number.

Posted in GST | 411 Views

CBDT Notifies Tax Info Sharing to Aid Maharashtra's Girl Child Welfare Scheme

05 June 2025 at 09:28

Ministry of Finance (Department of Revenue) has issued a notification authorizing the sharing of Income Tax data with the Government of Maharashtra to help identify eligible beneficiaries under the Mukhyamantri Mazi Ladki Bahin Yojana.

Posted in Income Tax | 147 Views

FM Sitharaman Inaugurates New DRI Headquarters in New Delhi: Calls for Smarter, Dharma-Rooted Enforcement

05 June 2025 at 09:25

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman and Union Minister of State for Finance Shri Pankaj Chaudhary inaugurate Directorate of Revenue Intelligence (DRI) headquarters building, in New DelhiView enforcement and facili

Posted in Others | 120 Views