CAclubindia News
ICAI Releases Draft Panel for Appointment of Statutory Auditors for State and Central Co-operative Banks for FY 2025-26
05 June 2025 at 09:21ICAI has released the Draft Panel for the Appointment and Re-appointment of Statutory Auditors for State Co-operative Banks (StCCBs) and Central Co-operative Banks (CCBs) for the financial year 2025-26.
Income Tax Return Forms ITR-1 and ITR-4 Now Available for Online Filing with Prefilled Data
04 June 2025 at 13:27The Income Tax Department has enhanced the online filing experience for taxpayers by enabling the Income Tax Return (ITR) forms ITR-1 (Sahaj) and ITR-4 (Sugam) to be filed online with prefilled data.
19 Year Old Boy in Crore GST Scam: B2C Credit Fraud Busted
04 June 2025 at 11:34A 19-year-old youth whose name is Sanket Mittal was involved in fraudulently availing Input Tax Credit under the Goods and Services Tax (GST) regime by misusing B2C credit from online mobile sales (like Amazon, Flipkart, Appario).
Rs 500 Note Not Being Discontinued: PIB Fact Check Debunks Viral Claim
04 June 2025 at 09:19In the age of viral misinformation, yet another baseless rumour is doing the rounds-this time claiming that the Reserve Bank of India (RBI) will discontinue the circulation of Rs 500 currency notes by March 2026.
Navi Mumbai Professor Duped of Rs 1.81 Crore in Fake Income Tax Scam
04 June 2025 at 09:10In a disturbing incident of cybercrime, a woman professor from a reputed educational institute in Navi Mumbai lost Rs 1.81 crore after falling prey to a well-orchestrated scam by con artists posing as Income Tax officials.
Ministry of Finance appoints Punjab National Bank as Official Liquidator for 32 Defunct Banks
04 June 2025 at 09:05The Ministry of Finance (Department of Financial Services) has officially appointed Punjab National Bank (PNB) as the official liquidator for the winding-up proceedings of 32 defunct banking companies, as per a notification dated June 3, 2025.
OTT Platforms and Gaming Apps May Face Dual Taxation Under New Supreme Court Ruling
03 June 2025 at 09:30A recent Supreme Court ruling permitting dual taxation on television broadcasters has sparked widespread concern across India's rapidly growing over-the-top (OTT) and digital entertainment industry.
CBI Arrests Senior IRS Officer for Rs 25 Lakh Bribe in Income Tax Corruption Case
03 June 2025 at 09:28The Central Bureau of Investigation (CBI) has arrested a senior IRS officer and a private intermediary for allegedly accepting a bribe of Rs 25 lakh in exchange for favourable treatment in an income tax matter.
CBIC Appoints Commissioner for Adjudication of 700 Pending Customs Appeals Across Mumbai Zones
03 June 2025 at 09:23The Central Board of Indirect Taxes and Customs (CBIC), in a significant move aimed at streamlining customs appeals and ensuring efficient adjudication, has issued Notification No. 39/2025-Customs (N.T.) dated May 30, 2025.
Textile Trader Arrested in Rs 100 Crore Fake Invoice GST Scam
03 June 2025 at 09:21In a major crackdown on GST fraud, the Directorate General of GST Intelligence (DGGI) has arrested a Surat-based textile trader for allegedly generating fake invoices worth Rs 100 crore to fraudulently claim ITC of Rs 15.19 crore.
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