CAclubindia News

Section 271AAB Amended by Finance Bill 2025: Major Changes in Penalty Provisions Under IT Act

06 February 2025 at 08:45

Major Changes in Penalty Provisions Under Income-tax Act: Section 271AAB Amended by Finance Bill 2025

Posted in Income Tax | 531 Views

MCA21 Records 80.26 Lakh Form Filings in FY 2024-25

05 February 2025 at 08:57

MCA21 records 80.26 lakh form filings between April 2024 to January 2025 driving Ease of Doing Business with enhanced digital solutions

Posted in Corporate Law | 627 Views

CBDT Outlines Data Sharing Mechanism for PMGKAY Beneficiary Identification between DGIT (Systems) and DFPD

05 February 2025 at 08:56

CBDT has issued a new directive for the sharing of taxpayer information with the Department of Food and Public Distribution (DFPD) for identifying eligible beneficiaries under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY)

Posted in Income Tax | 525 Views

FM Sitharaman Urges Southern States to Present Tax Devolution Concerns to 16th Finance Commission

05 February 2025 at 08:56

Amid growing concerns from southern states over the perceived unfair distribution of tax revenues, FM Nirmala Sitharaman has emphasized that it is the Finance Commission, not the central government, that determines the devolution of taxes.

Posted in Income Tax | 333 Views

CBDT Chairman Emphasizes 'Trust First' Approach in Tax Administration

05 February 2025 at 08:56

In a significant move reflecting the evolving landscape of India's tax administration, CBDT Chairman Ravi Agrawal announced a shift towards a more participative and non-adversarial approach.

Posted in Income Tax | 660 Views

Amendment to Section 13: Govt Eases Rules for Trusts on Reporting Donor Details

05 February 2025 at 08:56

Rationalisation of persons specified under sub-section (3) of section 13 for trusts or institutions

Posted in Union Budget & Policy | 1869 Views

Income Tax Relaxation: 10 Year Registration for Trusts with Income Below Rs 5 Crore

05 February 2025 at 08:56

Period of registration of smaller trusts or institutionsSection 12AB provides registration of trust or institution for a period of 5 years or provisional registration (where activities have not commenced at the time of filing application for registra

Posted in Union Budget & Policy | 1 comments | 2076 Views

Trust Registration Rules Eased: Incomplete Applications Won't Trigger Cancellation from FY 2025

05 February 2025 at 08:56

Rationalisation of 'specified violation' for cancellation of registration of trusts or institutions

Posted in Union Budget & Policy | 447 Views

ICAI Unveils Aggregation Guidelines 2024 for CA Firms to Enhance Professional Excellence

04 February 2025 at 13:26

In a landmark move aimed at bolstering the operational efficiency and global competitiveness of CA firms in India, the Institute of Chartered Accountants of India (ICAI) has officially announced the ICAI (Aggregation of LLPs) Guidelines, 2024.

Posted in Professional Resource | 6525 Views