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CAclubindia News


Adani Group's Tax Contribution Rises 29% to Rs 74,945 Crore in FY25

   07 June 2025 at 09:29

Adani Group paid Rs 74,945 crore in taxes and related contributions in FY25 - a 29% increase from last year. The voluntary Tax Transparency Report highlights direct, indirect, and global tax payments.

Posted in Income Tax  1 comments |   1782 Views


Fake GST Officers Robbed Rs 29 Lakh from Accountant in Panipat

   07 June 2025 at 09:22

An accountant from Panipat was robbed of Rs 29 lakh by imposters posing as GST officials near the Samalkha bypass. Police from Haryana and Uttar Pradesh have launched a joint investigation.

Posted in GST |   1836 Views


RBI Slashes Repo Rate by 50 bps to 5.50% in June 2025

   07 June 2025 at 09:14

RBI cuts repo rate by 50 bps to 5.50% in June 2025 MPC meet to support growth; CPI inflation forecast lowered to 3.7%, GDP growth retained at 6.5%. Policy stance shifted to neutral.

Posted in Community & General |   297 Views


ICAI Releases Exposure Draft on Proposed Guidelines for Overseas Network for public comments

   07 June 2025 at 09:14

ICAI releases Exposure Draft on Guidelines for Overseas Network by Committee for Aggregation of CA Firms (CACAF); invites public comments by June 27, 2025. Download and submit your views online or via email/post.

Posted in Professional Resource |   348 Views


GST 2.0: Finance Ministry Holds Talks with Industry on Simplifying Tax Structure

   06 June 2025 at 09:12

The Finance Ministry has initiated consultations with industry stakeholders to address persistent concerns surrounding the GST and gather suggestions for streamlining the indirect tax framework.

Posted in GST |   2328 Views


Income Tax Department Launches 360-Degree Profiling to Track HNIs Underreporting Income

   06 June 2025 at 09:08

The Income Tax Department, in a significant move to curb tax evasion, has intensified its scrutiny of High Net Worth Individuals (HNIs) suspected of underreporting their income.

Posted in Income Tax |   2709 Views


Nationwide GST Data Leak Scam Exposed: Surat CA Body Seeks Urgent FM Action

   06 June 2025 at 09:04

A shocking nationwide scam involving the illegal sale of sensitive GST data of traders has come to light, with Delhi, Ghaziabad and Noida emerging as operational hubs of a data racket allegedly run by a gang named 'Data Solution'.

Posted in GST |   20775 Views


GST Inspector Arrested Red-Handed in Palwal for Taking Bribe of Rs 5000

   05 June 2025 at 09:32

Anti-Corruption Bureau (ACB), Faridabad, on Monday arrested a female GST Inspector, identified as Sumitra, while she was allegedly accepting a bribe of Rs 5,000 in exchange for issuing a GST registration number.

Posted in GST |   600 Views


CBDT Notifies Tax Info Sharing to Aid Maharashtra's Girl Child Welfare Scheme

   05 June 2025 at 09:28

Ministry of Finance (Department of Revenue) has issued a notification authorizing the sharing of Income Tax data with the Government of Maharashtra to help identify eligible beneficiaries under the Mukhyamantri Mazi Ladki Bahin Yojana.

Posted in Income Tax |   225 Views


FM Sitharaman Inaugurates New DRI Headquarters in New Delhi: Calls for Smarter, Dharma-Rooted Enforcement

   05 June 2025 at 09:25

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman and Union Minister of State for Finance Shri Pankaj Chaudhary inaugurate Directorate of Revenue Intelligence (DRI) headquarters building, in New DelhiView enforcement and facili

Posted in Community & General |   201 Views



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