CAclubindia News


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 |   7854 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 |   3765 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 |   26979 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 |   798 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


Income Tax Dept Cannot Access Personal Emails, Social Media Accounts: MoS Finance

   28 March 2025 at 08:42

The Government of India has clarified that Income Tax officials will not have unrestricted access to personal emails, social media, or bank accounts of taxpayers.

Posted in Income Tax |   4038 Views


MCA Mandates Half-Yearly Return for Companies Delaying Payments to MSMEs

   27 March 2025 at 09:28

The Central Government has issued a directive under Section 9 of the Micro, Small, and Medium Enterprises Development Act, 2006 (MSMED Act, 2006), making it mandatory for companies to report payment delays to micro and small enterprises (MSEs).

Posted in Corporate Law  1 comments |   9297 Views


GST Reduction on Agricultural Inputs Under Review, Says FM Sitharaman

   27 March 2025 at 08:41

The Group of Ministers (GoM) on GST rationalisation is evaluating a proposal to reduce the tax rates on essential agricultural inputs, including drip irrigation systems, fertilisers and pesticides.

Posted in GST |   1437 Views