CAclubindia News
CBIC Assigns Customs Authorities to Adjudicate High-Profile Show Cause Notices Involving Top Companies
26 April 2025 at 08:55CBIC has issued Notification No. 29/2025-Customs (N.T.) dated 24th April 2025, delegating adjudication powers to various commissioners within the Mumbai Customs Zones I to III.
Finance Ministry Includes I4C Under PMLA to Fight Money Laundering Linked to Cybercrime
26 April 2025 at 08:52Ministry of Finance has notified the inclusion of the Indian Cyber Crime Coordination Centre (I4C) under the list of agencies authorized to receive information under the PMLA 2002.
College Girl Gets GST Notice Over Rs 35 Crore Deposited in Her Account
26 April 2025 at 08:49In a shocking revelation, a massive GST scam involving a Mumbai college girl has come to light after she received a notice from the GST department over Rs 35 crore in bogus transactions.
CBDT Clarifies Disallowance of Legal Settlement Expenses under Section 37 via FAQs
25 April 2025 at 08:56CBDT issues FAQs on Notification No. 38/2025 clarifying that expenses incurred to settle proceedings under SEBI, Competition, and Depositories laws will not qualify for tax deductions under Section 37 of the Income-tax Act from AY 2025-26 onwards.
CBIC Waives Transshipment Application Fees for Imported Goods Across All Customs Stations
25 April 2025 at 08:52The Central Board of Indirect Taxes and Customs (CBIC) notifies a key amendment to the Goods Imported (Conditions of Transshipment) Regulations, 1995, eliminating fees for transshipment applications with effect from April 24, 2025.
GST Appellate Tribunal Procedure Rules, 2025 Notified by Finance Ministry
25 April 2025 at 08:50The Finance Ministry has notified the GST Appellate Tribunal (Procedure) Rules, 2025, outlining comprehensive procedures for filing and hearing appeals under the CGST Act, 2017.
IT Department Issues Notices to Salaried Taxpayers Over 'Unrealistic' Exemption Claims in ITRs
25 April 2025 at 08:40The Income Tax Department has issued a wave of notices to salaried taxpayers since the beginning of the financial year, flagging "unrealistic" exemption claims made in their income tax returns (ITRs), according to official sources.
Luxury Items Over Rs 10 Lakh to Attract TCS - Key FAQs Issued
24 April 2025 at 09:07CBDT Notifies Luxury Items for TCS - FAQs on Section 206C(1F) Update
CBDT Rules Out Tax Relief for Penalty Settlements in SEBI, Competition Law Violations
24 April 2025 at 08:43CBDT has issued a crucial notification clarifying that any expenditure incurred by businesses to settle proceedings related to violations under key financial and competition laws will not qualify as deductible business expenses under the IT Act, 1961.
GST on Development Rights Faces Legal Pushback from Landowners
24 April 2025 at 08:43Several landowners across India have approached various High Courts challenging the GST authorities' decision to impose GST on Joint Development Agreements (JDAs).
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