CAclubindia News
FM Sitharaman Urges Southern States to Present Tax Devolution Concerns to 16th Finance Commission
05 February 2025 at 08:56Amid 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.
CBDT Chairman Emphasizes 'Trust First' Approach in Tax Administration
05 February 2025 at 08:56In 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.
Amendment to Section 13: Govt Eases Rules for Trusts on Reporting Donor Details
05 February 2025 at 08:56Rationalisation of persons specified under sub-section (3) of section 13 for trusts or institutions
Income Tax Relaxation: 10 Year Registration for Trusts with Income Below Rs 5 Crore
05 February 2025 at 08:56Period 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
Trust Registration Rules Eased: Incomplete Applications Won't Trigger Cancellation from FY 2025
05 February 2025 at 08:56Rationalisation of 'specified violation' for cancellation of registration of trusts or institutions
ICAI Unveils Aggregation Guidelines 2024 for CA Firms to Enhance Professional Excellence
04 February 2025 at 13:26In 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.
Tax Exemption for SUUTI Specified Undertaking to Last Until March 2027
04 February 2025 at 08:56Extension of exemption to Specified Undertaking of Unit Trust of India (SUUTI)
Updated ITR Filing Window Extended to 4 Years with Higher Penalties for Late Compliance
04 February 2025 at 08:56Extending the time-limit to file the updated returnSub-section (8A) of section 139 of the Act, relates to furnishing of updated return.
Processing Period for Immunity from Penalty & Prosecution Extended to 3 Months
04 February 2025 at 08:56Extending the processing period of application seeking immunity from penalty and prosecution
Faceless Tax Schemes to Continue Beyond March 2025 as Date Restrictions Removed
04 February 2025 at 08:56Removing date restrictions on framing the schemes in certain cases
Popular News
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- 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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