CAclubindia News
CBDT Issues FAQs on Revised Guidelines for Compounding of Offences Under IT Act, 1961
18 March 2025 at 08:50CBDT has issued Circular No. 04/2025 dated March 17, 2025, providing Frequently Asked Questions (FAQs) on the revised guidelines for the Compounding of Offences under the Income Tax Act, 1961.
Income Tax Department Raids Sri Chaitanya Group Over Alleged Rs 230 Crore Tax Fraud
18 March 2025 at 08:49The Income Tax Department on Saturday wrapped up a five-day search operation on the Sri Chaitanya group of educational institutions, spanning Hyderabad, Vijayawada, Chennai, Bengaluru and Mumbai.
GST Registration in UP: Biometric Aadhaar Authentication & Document Verification Made Mandatory
17 March 2025 at 08:35Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Uttar Pradesh
CBDT Clarifies Application of Principal Purpose Test in DTAAs
17 March 2025 at 08:34In a significant move to provide clarity on the implementation of tax treaties, the CBDT has issued Circular 01/2025, emphasizing the application of the Principal Purpose Test (PPT) under India's Double Taxation Avoidance Agreements (DTAAs).
Income Tax Department Cracks Down on Dubious Political Donations
17 March 2025 at 08:34The Income Tax (IT) department has launched a major crackdown on suspicious political donations, issuing hundreds of notices to individuals who contributed over ₹5 lakh to lesser-known political parties in the financial year 2020-21.
Income Tax Officer Caught in Bribery Case Over PAN Card Cancellation Delay
17 March 2025 at 08:34In yet another case of corruption within the Income Tax Department, a complaint has been filed against an IT officer in Jalgaon for demanding a bribe to process the cancellation of a newly issued PAN card.
Income Tax Officer Caught Taking Bribe, Posed as Another Officer to Extort Elderly Taxpayer
17 March 2025 at 08:33In a shocking case of corruption, the Central Bureau of Investigation (CBI) caught an Income Tax officer red-handed while accepting a bribe of ₹50,000 from a 62-year-old taxpayer.
Daily Wage Worker Gets Rs 22.86 Lakh GST Demand Notice
15 March 2025 at 08:22In a shocking turn of events, a daily wage laborer in Kothagudem has received a recovery notice for Rs 22.86 lakh in pending GST dues, highlighting potential lapses in the tax system's verification processes.
New Income Tax Bill Under Review: Parliamentary Panel Holds Key Discussions
15 March 2025 at 08:14A select committee of Parliament convened to discuss the provisions of the proposed New Income Tax Bill, a key reform initiative aimed at overhauling India's direct tax structure.
No Direct Revenue Impact Expected from IT Bill, Clarifies MoS Finance
14 March 2025 at 09:02The recently introduced Income-tax Bill, 2025, in the Lok Sabha is designed to streamline India's tax framework but is not expected to have an immediate impact on revenue collection, according to Minister of State for Finance Pankaj Chaudhary.
Popular News
- GSTN Issues Advisory on e-Invoice API and e-Way Bill by IRN API Changes Effective from 1st August 2026
- ICAI 40 Under 40 Awards 2026: Nominations Open for Young Chartered Accountants
- MCA Extends DPT-3 Filing Due Date: No Additional Fees Till 31st July 2026
- RBI Streamlines Payment System Regulations with Comprehensive Master Directions
- Income Tax Act 2025: Key FAQs on Proposed Tax Exemption for FIIs Investing in G-Secs
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
