CAclubindia News


CBDT Amends Tax Audit Report (Form 3CD) with Key Changes Effective 1st April 2025

   29 March 2025 at 08:56

CBDT has notified the Income-tax (Eighth Amendment) Rules, 2025 via Notification No. 23/2025, introducing significant modifications to Form 3CD, the tax audit report required under Section 44AB of the Income-tax Act, 1961

Posted in Income Tax |   43614 Views


CBDT Allows Waiver of Interest on Delayed TDS/TCS Payments Due to Technical Glitches

   29 March 2025 at 08:53

The Central Board of Direct Taxes (CBDT) has issued Circular No. 05/2025, providing relief to taxpayers facing interest levies under Section 201(1A)(ii) and Section 206C(7) of the Income-tax Act, 1961.

Posted in Income Tax |   6240 Views


Income Tax Department Updates Excel Based Utilities for ITRs and Audit Forms

   29 March 2025 at 08:35

The Income Tax Department has released the latest versions of Excel-based utilities and schemas for various Income Tax Returns (ITR) and audit report forms.

Posted in Income Tax |   2226 Views


Finance Ministry Rules Out Abolishing LTCG Tax Amid Market Volatility

   29 March 2025 at 08:34

In a significant announcement, the Finance Ministry has categorically ruled out any plans to abolish the Long-Term Capital Gains (LTCG) tax, despite recent market downturns that saw investors losing over Rs 74 lakh crore.

Posted in Income Tax |   5466 Views


CBIC Issues Circular Clarifying GST Section 128A Benefits & Appeal Withdrawal Rules

   28 March 2025 at 09:01

CBIC has issued Circular No. 248/05/2025-GST, addressing multiple concerns raised by the trade and industry regarding the availment of benefits under Section 128A of the Central Goods and Services Tax (CGST) Act, 2017.

Posted in GST |   7815 Views


CBIC Notifies Second Amendment to CGST Rules, 2017: Key Changes in Rule 164

   28 March 2025 at 08:52

In a significant update to the Goods and Services Tax (GST) framework, the Central Board of Indirect Taxes and Customs (CBIC) has notified the Central Goods and Services Tax (Second Amendment) Rules, 2025 through Notification No. 11/2025

Posted in GST |   3639 Views


CA Final Exams to Be Conducted Three Times a Year

   28 March 2025 at 08:45

ICAI Introduces Major Reform: CA Final Exam Frequency Increased to Three Times a Year

Posted in Students |   3756 Views


Section 194T Introduced: TDS on Payments to Partners Now Mandatory

   28 March 2025 at 08:42

The Central Board of Direct Taxes (CBDT) has issued the Income-tax (Seventh Amendment) Rules, 2025, introducing key changes to the Income-tax Rules, 1962

Posted in Income Tax |   26973 Views


Income Tax Department Cracks Down on Bogus Refunds

   28 March 2025 at 08:42

The Investigation Wing of the Income Tax Department has uncovered a large-scale tax fraud during simultaneous surprise raids conducted across Tamil Nadu, including the four southern districts.

Posted in Income Tax |   792 Views


ICAI organised Statutory Central Auditors' Meet 2025-26

   28 March 2025 at 08:42

The Institute of Chartered Accountants of India (ICAI), through its Professional Development Committee, successfully organized the Statutory Central Auditors' Meet 2025-26 on 24th March, 2025, in Mumbai.

Posted in Audit |   321 Views