CAclubindia News


ICAI Introduces Revised Merger and Demerger Guidelines 2024 for CA Firms

   12 February 2025 at 07:14

The Institute of Chartered Accountants of India (ICAI) has introduced the ICAI (Merger and Demerger of CA Firms) Guidelines, 2024, aimed at streamlining the process of firm mergers and demergers.

Posted in Audit |   1404 Views


Centre Pushes for GST Rationalisation, States Yet to Reach Consensus

   12 February 2025 at 07:14

The Central government is accelerating efforts to simplify the Goods and Services Tax (GST) structure, but a lack of consensus among states is delaying the process.

Posted in GST |   963 Views


Income Tax Department Launches New Tax Calculator as per Finance Bill 2025

   12 February 2025 at 07:14

The Income Tax Department of India has introduced a new Section 115BAC Tax Calculator in line with the provisions of the Finance Bill 2025.

Posted in Income Tax |   3906 Views


CBDT Enhances Tax Compliance for Non-Residents: Form 49C Filing Rules Amended

   12 February 2025 at 07:13

The Central Board of Direct Taxes (CBDT) has issued Notification No. 14/2025, amending the Income-tax Rules, 1962, to enhance compliance and reporting requirements for non-resident entities operating liaison offices in India.

Posted in Income Tax |   2091 Views


CBDT Grants Tax Exemption to Bhaikaka University for Scientific Research u/s 35(1)(ii) of IT Act 1961

   12 February 2025 at 07:13

The Central Board of Direct Taxes (CBDT) has granted approval to Bhaikaka University, Anand, Gujarat, for tax exemption under Section 35(1)(ii) of the Income-tax Act, 1961.

Posted in Income Tax |   84 Views


New Income Tax Bill to Simplify Tax Laws & Improve Compliance: Set for Parliamentary Review

   11 February 2025 at 08:58

The government is set to introduce a new Income Tax Bill aimed at simplifying tax laws, reducing compliance burdens, and modernizing tax administration. Union Finance Minister Nirmala Sitharaman is expected to present the bill this week, after which

Posted in Income Tax |   3069 Views


E-Way Bill Generation Hits Record 118.15 Million in January 2025

   11 February 2025 at 08:54

The number of e-way bills generated in January 2025 reached an all-time high of 118.15 million, according to data from the Goods and Services Tax Network (GSTN), as reported by Informist.

Posted in GST |   972 Views


DGGI Arrests Three for Rs 16.96 Crore Fake Invoice & ITC Fraud

   11 February 2025 at 08:53

DGGI, Bhubaneswar Zonal Unit, has arrested three individuals for their alleged involvement in issuing fake invoices and fraudulently passing on Input Tax Credit (ITC) amounting to Rs 16.96 crore without any actual supply of goods.

Posted in GST |   423 Views


CBIC Issues Guidelines on GST Appeals for Interest & Penalty Waiver Under Section 128A

   10 February 2025 at 08:49

The Central Board of Indirect Taxes and Customs (CBIC) has issued Instruction No. 02/2025-GST, clarifying the procedure for handling departmental appeals related solely to interest and penalties under Section 128A

Posted in GST |   24774 Views


FM Sitharaman Expects Durable Consumption Recovery

   10 February 2025 at 08:49

Finance Minister Nirmala Sitharaman on Saturday expressed optimism about a durable recovery in consumption, driven by fiscal and monetary policy measures.

Posted in Others |   156 Views