CAclubindia News

Income Tax Bill 2025: Parliamentary Panel Retains Powers for Tax Officials to Access Social Media and Emails

23 July 2025 at 09:27

The Parliamentary panel reviewing the Income Tax Bill, 2025 has retained provisions allowing tax officials to access social media and email accounts during searches. Stakeholder concerns over privacy were dismissed. Read full details.

Posted in Income Tax | 2451 Views

Income Tax Bill 2025: Panel Recommends No Penalty for Late TDS Refund Claims

23 July 2025 at 09:21

Parliamentary panel recommends changes to the Income Tax Bill, 2025, including allowing late TDS refund claims and exempting anonymous donations to religious-cum-charitable trusts.

Posted in Income Tax | 3339 Views

CBIC Warns Taxpayers About Fake GST Violation Notices Circulating Online

23 July 2025 at 09:14

CBIC warns taxpayers about a fake GST violation notice scam. Learn how to spot fraudulent documents, verify DINs, and protect yourself from cybercrime. Call 1030 or visit cybercrime.gov.in to report suspicious activity.

Posted in GST | 5604 Views

Karnataka Vegetable Vendor Gets Rs 29 Lakh GST Notice Over UPI Payments

23 July 2025 at 09:07

A vegetable seller in Karnataka received a Rs 29 lakh GST notice for UPI payments worth Rs 1.63 crore. Small vendors now shift back to cash amid rising tax scrutiny on digital transactions.

Posted in GST | 4614 Views

Offline Utility for ITR-2 for AY 2025-26 Now Available for Filing

23 July 2025 at 08:56

Download the offline utility for ITR-2 for AY 2025-26. File income tax returns easily for capital gains, foreign assets, and more. Now available on the portal.

Posted in Income Tax | 399 Views

ICAI Invites Expressions of Interest for Empanelment of Reviewers and Subject Experts for CA Course Study Material

23 July 2025 at 08:49

ICAI's Board of Studies invites Expressions of Interest from qualified professionals for empanelment as reviewers and subject experts to develop and review CA Study Material. Apply by July 30, 2025.

Posted in Students | 1695 Views

Tax Audit Must Remain CA-Only Function, Say Experts in Income Tax Bill Review

22 July 2025 at 10:18

Experts have urged the govt to retain the current definition of 'accountant' u/s 288 of the IT Act, emphasizing that tax audit functions must remain the exclusive domain of Chartered Accountants to maintain audit quality and legal consistency.

Posted in Income Tax | 3222 Views

Lok Sabha Select Committee Submits Key Recommendations on Income Tax Bill, 2025

22 July 2025 at 09:23

The Lok Sabha Select Committee has submitted its report on the Income Tax Bill, 2025, recommending critical amendments for clarity, fairness and alignment with current tax practices.

Posted in Income Tax | 2196 Views

Fake ITC Claims Jump 29% to Rs 15,851 Crore in Q1 FY26

22 July 2025 at 09:17

Fake ITC claims hit Rs 15,851 crore in Q1 FY26, up 29% YoY. GST officers arrest 53, detect 3,558 fake firms. Crackdown on bogus GST registrations intensifies.

Posted in GST | 1587 Views

GST Department Nabs Key Accused in Rs 10 Crore ITC Scam in Vikhroli

22 July 2025 at 09:10

Maharashtra GST & CGST bust Rs 28.6 crore fake ITC scam. Two arrested in separate cases for availing and passing fake Input Tax Credit without real trade.

Posted in GST | 309 Views