CAclubindia News
RBI Cuts Repo Rate by 25 bps to 6.25% After 5 Years
08 February 2025 at 08:52The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has unanimously decided to reduce the policy repo rate by 25 basis points, bringing it down from 6.50% to 6.25%. Consequently, the Standing Deposit Facility (SDF) rate is set at 6.00%,
Hyderabad IT Professionals Caught in Rs 110 Crore Tax Refund Scam Using Fake Political Donations
08 February 2025 at 08:52The Income Tax department in Hyderabad has uncovered a massive tax fraud scheme involving IT professionals who falsely claimed tax refunds by making fraudulent donations to registered unrecognised political parties (RUPPs).
Income Tax Cut Signals Strong Economy, Says FM Nirmala Sitharaman
08 February 2025 at 08:52Income Tax Cut Signals Strong Economy, Says FM Nirmala Sitharaman
CBI Books IRS Officer, 6 CAs for Leaking Sensitive Faceless Assessment Data
08 February 2025 at 08:52CBI on Thursday conducted searches across 18 locations nationwide after registering a case against an Indian Revenue Service (IRS) officer and several Income Tax (IT) officials for allegedly sharing sensitive data related to pending tax assessments
GSTN Introduces State-Specific Information Tab in Rajasthan's GST Registration Process
08 February 2025 at 08:52In a significant update to the Goods and Services Tax (GST) registration process, the GST Network (GSTN) has introduced a new "State-Specific Information" tab in the GST REG-01 application for new registrations in Rajasthan.
CBIC to Launch Online Customs Refund System in a Month to Streamline Trade
07 February 2025 at 09:02The Central Board of Indirect Taxes and Customs (CBIC) is set to introduce an online system for customs refunds within the next month, marking a significant step toward full digitization of customs processes in India.
GSTN Clarifies E-Way Bill Rules for Precious Metals & Stones Under Chapter 71
07 February 2025 at 08:59Clarification on E-Way Bill Requirement for Goods under Chapter 71
Sovereign Wealth Funds and Pension Funds to Benefit from Extended Tax Exemptions Until 2030
07 February 2025 at 08:47Extension of date of making investment by Sovereign Wealth Funds, Pension Funds & others and rationalisation of tax exemptions
Finance Bill 2025: Exemption from Prosecution for Delayed TCS Payment Introduced
07 February 2025 at 08:47The Finance Bill 2025 has introduced a crucial amendment to Section 276BB of the Income-tax Act, 1961, which pertains to the prosecution for failure to deposit Tax Collected at Source (TCS) with the Central Government.
RBI Reports Rs 2000 Note Circulation Down to Rs 6,577 Crore, 98.15% Withdrawn
07 February 2025 at 08:47The Reserve Bank of India (RBI) has reported a significant reduction in the circulation of ₹2000 denomination banknotes, with 98.15% of the total Rs 2000 notes withdrawn since their withdrawal was announced on May 19, 2023.
Popular News
- IT Department Issues Notices to Salaried Taxpayers Over 'Unrealistic' Exemption Claims in ITRs
- College Girl Gets GST Notice Over Rs 35 Crore Deposited in Her Account
- ICAI Suspends Two CAs for Professional Misconduct in Separate Disciplinary Cases
- CBIC Issues Instructions to Streamline GST Registration Process and Curb Harassment
- CBDT Amends Form 27EQ: TCS Now Applicable on Luxury Goods and Collectibles
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