CAclubindia News


CBDT Launches NUDGE Campaign to Correct Ineligible Tax Deductions for AY 2025-26

   24 December 2025 at 09:26

CBDT urges taxpayers to review potentially ineligible deduction and exemption claims flagged by data analytics and revise ITRs by December 31, 2025.

Posted in Income Tax |   330 Views


India-New Zealand FTA Boosts Fintech, Digital Payments and Banking Access

   24 December 2025 at 06:48

India and New Zealand have concluded negotiations on the Financial Services Annex of the FTA, strengthening cooperation in fintech, digital payments, banking, insurance and cross-border services.

Posted in Others |   51 Views


GSTAT Revokes Staggered Filing of Appeals Under Section 112 of CGST Act

   24 December 2025 at 06:48

The GST Appellate Tribunal has revoked its earlier order mandating staggered filing of GST appeals under Section 112 of the CGST Act. Effective Dec 18, 2025.

Posted in GST |   69 Views


Union Budget 2026-27: Finance Ministry Invites Public Suggestions, Deadline January 16

   24 December 2025 at 06:47

he Finance Ministry has invited citizens to submit suggestions for the Union Budget 2026-27 through MyGov. Inputs can be shared till January 16. Budget likely on Feb 1.

Posted in Union Budget |   39 Views


Fake GST Firms Busted in Thane: Rs 22.06 Crore ITC Fraud Under Probe

   24 December 2025 at 06:47

Police in Maharashtra’s Thane district have registered a case against four persons for allegedly creating fake GST-registered firms and fraudulently claiming input tax credit worth over Rs 22.06 crore. Investigation is underway.

Posted in GST |   54 Views


No Routine Access to Social Media, Emails Under Income Tax Act 2025: PIB Clarifies

   23 December 2025 at 09:40

PIB Fact Check clarifies that the Income Tax Department has no routine power to access social media or emails from April 2026. Digital access applies only during search and survey cases.

Posted in Income Tax |   1044 Views


SEBI Engages GST Council to Resolve GST Issues in Commodity Trading

   23 December 2025 at 06:38

SEBI chairman Tuhin Kanta Pandey said the regulator is working with the GST Council to resolve GST hurdles affecting commodity trading, delivery and market liquidity.

Posted in GST |   171 Views


FM Nirmala Sitharaman Chairs Finance & Corporate Affairs Chintan Shivir at Hampi

   23 December 2025 at 06:38

Finance Minister Nirmala Sitharaman chaired the Chintan Shivir of the Ministries of Finance and Corporate Affairs at Hampi, focusing on AI, Ease of Doing Business, tax reforms and financing for Viksit Bharat.

Posted in Custom |   84 Views


Sixth Session of 18th Lok Sabha Ends with 111% Productivity, 8 Bills Passed

   23 December 2025 at 06:38

Sixth Session of 18th Lok Sabha concludes with 111% productivity. 15 sittings, 8 bills passed, major debates on Vande Mataram and electoral reforms.

Posted in Others |   492 Views


Income Tax Algorithm Error Flags Unlisted Share Capital Gains as Business Income

   22 December 2025 at 06:40

Income Tax Dept's automated system is misclassifying capital gains from unlisted share sales as business income due to TDS data mismatch. Know why notices are being sent and how taxpayers should respond.

Posted in Income Tax |   1068 Views



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