CAclubindia News
Digital Payment Transactions Surge With Over 18,000 Crore Transactions in 2024-25
12 March 2025 at 08:57RBI, NPCI Launch Awareness Campaigns and AI-Based Solutions to Prevent Financial Cybercrimes
Govt Boosts MSME Credit Access: Loans Up to Rs 25 Lakh Approved in 14 Days
12 March 2025 at 08:56Government has taken several measures to increase credit access and finance for MSMEsFor loans up to ₹25 lakh for Micro and Small Enterprises (MSE) borrowers, credit decisions within 14 working days by the banks
Bombay High Court Directs RBI to Accept Rs 20 Lakh in Old Demonetised Notes Seized During IT Raid
12 March 2025 at 08:54The Bombay High Court has directed the RBI to accept Rs 20 lakh in old demonetised Rs 500 and Rs 1000 currency notes that were confiscated from a group of Kolhapur residents during an Income Tax raid on December 26, 2016
RBI to Issue New Rs 100 and Rs 200 Banknotes Bearing Governor Sanjay Malhotra's Signature
12 March 2025 at 08:54The Reserve Bank of India will shortly issue ₹100 and ₹200 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Sanjay Malhotra, Governor.
Shah Rukh Khan Wins Tax Case: ITAT Rules in Favor of Foreign Tax Credit Claim
11 March 2025 at 09:05Bollywood superstar Shah Rukh Khan has secured a significant legal victory in a long-standing income tax dispute. The Income Tax Appellate Tribunal (ITAT) ruled in his favor, dismissing reassessment proceedings related to his 2011-12 income, specific
Income Tax Department Invites Suggestions for Simplification of Tax Rules and Forms
11 March 2025 at 09:00In a move to enhance efficiency and ease of compliance, the Income Tax Department has launched a dedicated initiative to simplify income tax rules and forms.
FM Sitharaman Hints at Major GST Rate Cut
10 March 2025 at 08:58In a significant policy development, Finance Minister Nirmala Sitharaman has hinted at an upcoming reduction in GST rates while remaining non-committal on potential changes to capital gains tax.
ICAI Seeks Simplification of Income Tax Bill 2025, Recommends Fewer Sections and Clarity in Language
10 March 2025 at 08:57The Institute of Chartered Accountants of India (ICAI) has submitted its recommendations to the Lok Sabha select committee currently reviewing the Income Tax Bill, 2025.
India Needs Taxpayer-Friendly Reforms, Not Just Enforcement
08 March 2025 at 08:42India's long-standing struggle between taxpayers and the tax office was supposed to end this year with the introduction of a new income tax law aimed at simplifying compliance and improving relations between the government and taxpayers.
ICAI Introduces SPMT Portal for Self-Paced Online Module Tests
08 March 2025 at 08:40The Examination Department of ICAI has launched the SPMT Portal for the candidates who have completed prescribed learning hours for respective Self-Paced Online Modules.
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