CAclubindia News
ICAI Issues Checklist for Filing ITR-1 and ITR-4 for AY 2025-26
18 August 2025 at 08:30ICAI releases checklist for filing ITR-1 and ITR-4 for AY 2025-26 with detailed guidance on eligibility, deductions, tax computation and compliance requirements.
Income Tax Department Probes CSR-Linked Suspected Money Laundering Network
18 August 2025 at 08:29Income Tax Dept uncovers CSR-linked money laundering; companies routed funds via bogus trusts to evade tax and claim wrongful deductions.
CBDT Amends Form No. 7 to include both Assessment Year and Block Period Effective from 1st September 2025
18 August 2025 at 08:29CBDT notifies Income-tax (21st Amendment) Rules, 2025, effective September 1, revising Form No. 7 to include “block period” along with “assessment year.”
ICAI Welcomes New Income Tax Bill for Promoting Investment and Simplifying Tax Regime
16 August 2025 at 08:58ICAI has welcomed the new Income Tax Bill, effective April 1, 2026, calling it a simpler, clearer framework that incorporates 90 of its suggestions to boost ease of doing business and attract investment.
GST Council Likely to Approve 5% and 18% Two-Slab Structure: Big Reforms Coming by Diwali
16 August 2025 at 08:57The GST Council may finalise next-gen reforms in its September-October meeting, including a two-slab structure of 5% and 18%, a 40% sin tax, faster refunds, and pre-filled returns to ease compliance.
GST System to Align AATO Figures on NIC e-Invoice Portals from 1st September 2025
16 August 2025 at 08:38From September 1, 2025, NIC e-Invoice portals will display Aggregate Annual Turnover (AATO) data aligned with GST system records. Taxpayers can report discrepancies via the GST Grievance Redressal Portal or Helpdesk.
From Zero Tax to 40,000 Compliance Cuts: PM Modi Outlines Decade of Transformation on 79th Independence Day
16 August 2025 at 08:38On India’s 79th Independence Day, PM Modi announced sweeping reforms to build a self-reliant, citizen-friendly nation.
PM Modi Announces Next-Gen GST Reforms to Boost Economy and Ease of Living
16 August 2025 at 08:37On the 79th Independence Day, PM Narendra Modi announced plans for next-generation GST reforms focusing on structural changes, rate rationalisation, and ease of living to benefit the common man, farmers, MSMEs and key economic sectors
Facility for Filing Updated Returns for AY 2021-22 and AY 2022-23 for ITR-3 and ITR-4 Now Available
15 August 2025 at 08:46The Income Tax Department has announced that taxpayers can now file updated returns for Assessment Years (AY) 2021-22 and AY 2022-23 using ITR-3 and ITR-4 forms.
Income Tax Department Releases Excel Utility of ITR-6 for AY 2025-26
15 August 2025 at 08:20The Income Tax Department has released the Excel utility of ITR-6 for Assessment Year (AY) 2025-26, enabling companies to file their income tax returns for the relevant financial year.
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