CAclubindia News

Net Direct Tax Collections Rise 8% in FY 2025-26 Till 17th December

20 December 2025 at 08:09

India's net direct tax collections rose 8% to Rs 17.05 lakh crore in FY 2025-26 (till Dec 17), aided by lower refunds and higher corporate tax inflows.

Posted in Income Tax | 78 Views

CBIC Enables Post-Clearance Revision of Bills of Entry via ICEGATE Under Section 18A

20 December 2025 at 07:50

CBIC has enabled voluntary post-clearance revision of Bills of Entry under Section 18A of the Customs Act through a new ICES module on ICEGATE, allowing amendment, deletion, and addition of records.

Posted in Custom | 72 Views

Over 60,000 MSME Claims Cleared Under Vivad se Vishwas Scheme, Govt Tells Lok Sabha

20 December 2025 at 07:23

Government steps up ease of doing business for MSMEs with revised MSME criteria, credit guarantee schemes, procurement reforms and post-Covid relief measures.

Posted in Corporate Law | 72 Views

GST 2.0 Takes Shape: Industry Seeks Rate Rationalisation and ITC Reforms in Budget 2026

20 December 2025 at 07:23

GST 2.0 gathers momentum as industry looks to Budget 2026 for rate rationalisation, ITC reforms, petroleum inclusion and relief on inverted duty refunds.

Posted in GST | 69 Views

Income Tax Department Tracks High-Value Transactions of Non-Filers Using NMS

20 December 2025 at 07:22

Income Tax Department uses NMS, AIS and data analytics to track high-value transactions of non-filers and nudge taxpayers towards voluntary ITR compliance.

Posted in Income Tax | 1008 Views

ITAT Delhi Grants Major Relief to Taxpayer in Section 14A Dispute Over Tax-Free Income

20 December 2025 at 07:20

ITAT Delhi grants major relief to a taxpayer in a Section 14A dispute, ruling that Rule 8D disallowance applies only to investments generating tax-free income.

Posted in Income Tax | 267 Views

Income Tax Department Flags Transaction Mismatch, Urges Taxpayers to Review AIS Before 31st Dec

19 December 2025 at 09:37

Income Tax Department has sent advisory alerts to taxpayers over ITR-AIS mismatch. Review AIS, revise or file belated return by Dec 31, 2025.

Posted in Income Tax | 1638 Views

ICAI Reduces Verification & Certified Copy Fees for CA Exams Ahead of January 2026 Results

19 December 2025 at 09:27

ICAI has reduced fees for verification and certified copies of CA exam answer books. New charges apply for Foundation, Intermediate, Final & PQC exams from Jan 2026 results.

Posted in Students | 2481 Views

Parliament Enacts Health Security se National Security Cess Act to Fund Security, Public Health

19 December 2025 at 07:01

Parliament has enacted the Health Security se National Security Cess Act, 2025, introducing a machine-based cess on specified goods to fund national security and public health.

Posted in Others | 90 Views

Taxpayers Get 31st Dec Deadline: Undisclosed Property, Bank Deposits Under Scanner

19 December 2025 at 07:01

Income Tax Dept detects large-scale under-reporting of property and cooperative bank transactions under SFT. Taxpayers get time till December 31 to file corrected returns.

Posted in Income Tax | 1140 Views