CAclubindia News
Direct Tax Collections Reach Rs 21.27 Lakh Crore in FY 2024-25, Up 13.13% YoY
18 March 2025 at 08:51India's direct tax collections for the financial year 2024-25 have witnessed a robust year-on-year (YoY) growth of 13.13%, reaching ₹21.26 lakh crore in net collections as of March 16, 2025, according to data from the TINMIS.
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.
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.
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.
Popular News
- Rajasthan HC to Hear Tax Audit Deadline Extension Plea on 28th September
- Tax Audit Deadline 2026: Professional Bodies Seek Extension to 31st October
- BJP Pali District President Seeks Tax Audit Due Date Extension for AY 2026-27
- AIMTPA Seeks Tax Audit & ITR Due Date Extension for AY 2026-27
- MTPA Seeks Tax Audit Deadline Extension: TAR by 31st Oct, ITR by 30th Nov 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
