CAclubindia News

ICAI Extends Deadlines for Peer Review Mandate Phases III and IV

23 January 2025 at 09:05

In a significant move, the Institute of Chartered Accountants of India (ICAI) has announced the extension of deadlines for Phases III and IV of the mandatory Peer Review Mandate.

Posted in Professional Resource | 3465 Views

Union Budget 2025: Key Expectations for India's Insurance Sector

22 January 2025 at 08:59

As Finance Minister Nirmala Sitharaman gears up to present the Union Budget 2025 on February 1, industry experts are eyeing significant reforms to propel India toward its ambitious goal of "Insurance for All" by 2047.

Posted in Union Budget & Policy | 2037 Views

Union Budget 2025: Industry Experts Seek Tax Incentives to Boost REITs and Green Buildings

22 January 2025 at 08:59

Industry insiders and experts are urging the Union Budget 2025 to introduce tax incentives and simplify the tax structure to enhance the appeal of Real Estate Investment Trusts (REITs) as a viable investment option.

Posted in Union Budget & Policy | 1821 Views

ICAI Invites Volunteers for Prestigious World Forum of Accountants (WOFA) 2025

22 January 2025 at 08:50

ICAI invites CA students to volunteer for the WOFA 2025, a global event on 'Accountability Meets Innovation (AI): For a Sustainable Planet.' Enhance skills, network with experts, and gain insights into AI-driven solutions for global challenges.

Posted in Professional Resource | 756 Views

Two Impersonators of IT and GST Officers Held for Cheating Jeweller of Rs 40 Lakh

22 January 2025 at 08:50

The Greater Chennai Police on Saturday announced the arrest of two men who posed as officials from the Income Tax (I-T) and Goods and Services Tax (GST) departments.

Posted in Income Tax | 1086 Views

CBDT Issues Key Clarification on Appeals Timeline for Vivad Se Vishwas Scheme 2024

21 January 2025 at 08:54

In a bid to address challenges arising from the implementation of the Direct Tax Vivad Se Vishwas Scheme, 2024, the Central Board of Direct Taxes (CBDT) has issued a clarification through a gazette notification dated January 20, 2025.

Posted in Income Tax | 2928 Views

Income Tax Department Conducts Searches at 44 Premises Over Rs 170 Crore Tax Evasion Allegations

21 January 2025 at 08:53

The Income Tax Department on Friday conducted coordinated searches across 44 locations linked to eight high-profile contractors, including relatives of two former ministers, over allegations of tax evasion amounting to more than Rs 170 crore.

Posted in Income Tax | 3753 Views

NRIs Expect Tax Relief in Budget 2025: Key Issues Highlighted

21 January 2025 at 08:53

As Finance Minister Nirmala Sitharaman gears up to present the Union Budget 2025, the global Indian diaspora of 35.42 million is hopeful for much-needed tax reforms.

Posted in Union Budget & Policy | 1923 Views

Securities Transaction Tax Revenue Jumps 75% Despite Stock Market Swings

21 January 2025 at 08:53

The Securities Transaction Tax (STT) collections have witnessed an unprecedented rise, soaring by over 75% to ₹44,538 crore as of January 12, 2025, compared to ₹25,415 crore during the same period in 2024.

Posted in Income Tax | 972 Views

Budget 2025: Govt Plans to Phase Out Old Tax Regime

20 January 2025 at 08:48

In the upcoming Budget for FY26, Finance Minister Nirmala Sitharaman is expected to announce a roadmap for the gradual phasing out of the old personal income tax regime over the next few years.

Posted in Union Budget & Policy | 14184 Views