CAclubindia News

RBI to Issue New Rs 100 and Rs 200 Banknotes Bearing Governor Sanjay Malhotra's Signature

12 March 2025 at 08:54

The Reserve Bank of India will shortly issue ₹100 and ₹200 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Sanjay Malhotra, Governor.

Posted in Others | 255 Views

Shah Rukh Khan Wins Tax Case: ITAT Rules in Favor of Foreign Tax Credit Claim

11 March 2025 at 09:05

Bollywood superstar Shah Rukh Khan has secured a significant legal victory in a long-standing income tax dispute. The Income Tax Appellate Tribunal (ITAT) ruled in his favor, dismissing reassessment proceedings related to his 2011-12 income, specific

Posted in Income Tax | 2562 Views

Income Tax Department Invites Suggestions for Simplification of Tax Rules and Forms

11 March 2025 at 09:00

In a move to enhance efficiency and ease of compliance, the Income Tax Department has launched a dedicated initiative to simplify income tax rules and forms.

Posted in Income Tax | 2559 Views

FM Sitharaman Hints at Major GST Rate Cut

10 March 2025 at 08:58

In a significant policy development, Finance Minister Nirmala Sitharaman has hinted at an upcoming reduction in GST rates while remaining non-committal on potential changes to capital gains tax.

Posted in GST | 3345 Views

ICAI Seeks Simplification of Income Tax Bill 2025, Recommends Fewer Sections and Clarity in Language

10 March 2025 at 08:57

The Institute of Chartered Accountants of India (ICAI) has submitted its recommendations to the Lok Sabha select committee currently reviewing the Income Tax Bill, 2025.

Posted in Income Tax | 4119 Views

India Needs Taxpayer-Friendly Reforms, Not Just Enforcement

08 March 2025 at 08:42

India's long-standing struggle between taxpayers and the tax office was supposed to end this year with the introduction of a new income tax law aimed at simplifying compliance and improving relations between the government and taxpayers.

Posted in Income Tax | 411 Views

ICAI Introduces SPMT Portal for Self-Paced Online Module Tests

08 March 2025 at 08:40

The Examination Department of ICAI has launched the SPMT Portal for the candidates who have completed prescribed learning hours for respective Self-Paced Online Modules.

Posted in Students | 18012 Views

GST Council Reconstitutes GoM with Revised Mandate to Analyze GST Revenue Trends

08 March 2025 at 08:39

In its 55th meeting held on December 21, 2024, in Jaisalmer, Rajasthan, the GST Council decided to reconstitute the Group of Ministers (GoM) on Analysis of Revenue from GST with revised Terms of Reference (ToR).

Posted in GST | 6027 Views

Income Tax Department Alerts Taxpayers About Fake Tax Refund Scams

07 March 2025 at 09:04

The Income Tax Department has issued an urgent warning to taxpayers, cautioning them against fraudulent calls and messages related to income tax refunds.

Posted in Income Tax | 8559 Views

Haryana, Maharashtra, Karnataka, Gujarat & Tamil Nadu Top GST Collections in February 2025

07 March 2025 at 09:00

The Excise and Taxation Department has recorded significant growth in Goods and Services Tax (GST) collection, reinforcing Haryana's strong fiscal performance. ..

Posted in GST | 453 Views