CAclubindia News
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.
CBDT Notifies REC Ltd.'s Rs 5,000 Crore Zero Coupon Bond u/s 2(48) of IT Act
03 June 2025 at 09:18The Ministry of Finance, Department of Revenue, CBDT, has issued Notification No. 52/2025 dated May 30, 2025, formally recognizing the "Ten Year Zero Coupon Bond" issued by REC Ltd. as a zero coupon bond under Clause (48) of Section 2
MCA to Launch 38 Final Company Forms on V3 Portal from July 14, 2025
02 June 2025 at 09:26The Ministry of Corporate Affairs (MCA) is set to roll out the final set of 38 company e-forms on its upgraded V3 portal starting July 14, 2025, marking a major step forward in the government’s digital corporate governance initiatives.
Chartered Accountant Arrested for Accepting Rs 10 Lakh Bribe on Behalf of CGST Officer
02 June 2025 at 09:24In a major anti-corruption move, the Punjab Vigilance Bureau has arrested a Chartered Accountant (CA), Gursewak Singh, red-handed while accepting a bribe of Rs 10 lakh.
Gross GST Revenue Jumps 16.4% in May 2025, Hits Rs 2.01 Lakh Crore Mark
02 June 2025 at 09:21India's GST collections surged to Rs 2,01,050 crore in May 2025, marking a robust 16.4% year-on-year growth from Rs 1,72,739 crore in May 2024, according to provisional data released by the Ministry of Finance.
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