CAclubindia News


Ministry of Civil Aviation Denies Digi Yatra Data Sharing with Tax Authorities

   06 January 2025 at 08:54

The Ministry of Civil Aviation has strongly refuted claims that passenger data from the Digi Yatra app is being shared with Indian tax authorities.

Posted in Income Tax |   351 Views


Union Budget 2025: Tax Incentives for Fixed Deposits on the Table to Boost Middle-Class Savings

   06 January 2025 at 08:54

As the Union Budget 2025 approaches, Finance Minister Nirmala Sitharaman is actively engaging with representatives from the financial sector to consider key recommendations aimed at boosting middle-class savings.

Posted in Union Budget  1 comments |   1803 Views


CAG Invites Online Applications for Empanelment of CA Firms/LLPs for 2025-26

   06 January 2025 at 08:54

The Office of the Comptroller and Auditor General (CAG) of India has issued a public announcement inviting Chartered Accountant firms and LLPs to apply for empanelment for the financial year 2025-26.

Posted in Professional Resource |   2916 Views


GST Notice Issued to Pani Puri Vendor Over Rs 40 Lakh Digital Transactions

   04 January 2025 at 13:59

In a surprising turn of events, a pani puri vendor has come under the scrutiny of the GST department after reportedly receiving payments amounting to Rs. 40 lakh annually.

Posted in GST  2 comments |   17457 Views


Gujarat Records 19% Growth in GST Revenue in Q3 FY 2024-25

   04 January 2025 at 09:01

Gujarat has reported a 19% increase in revenue under the Goods and Services Tax (GST) during the third quarter (Q3) of the financial year 2024-25, as compared to the same period last year.

Posted in GST |   222 Views


ICAI Submits Suggestions on Comprehensive Review of the IT Act 1961 and Pre-Budget Memorandum 2025

   04 January 2025 at 08:58

Explore ICAI's preliminary inputs on the Comprehensive Review of the Income-tax Act, 1961, discussed during a stakeholder consultation chaired by the Revenue Secretary on September 18, 2024

Posted in Union Budget |   2937 Views


CBDT Issues Key Income Tax Exemptions for Credit Guarantee Entities and IFSC Units

   04 January 2025 at 08:57

The Central Board of Direct Taxes (CBDT) has issued three significant notifications under the Income-tax Act, 1961, aimed at tax relief and compliance facilitation, effective from January 1, 2025.

Posted in Income Tax |   1272 Views


Online Popcorn and Movie Ticket Combo May Attract 12-18% GST

   03 January 2025 at 09:03

Consuming popcorn at a movie theatre could soon cost you more, depending on how it is served and bundled with movie tickets.

Posted in GST |   1362 Views


Income Tax Department to Update ITR Forms for Section 87A Tax Rebate Claims for FY 2023-24

   03 January 2025 at 09:02

The Income Tax Department has announced a major relief for resident individuals eligible to claim the Section 87A tax rebate for FY 2023-24 but were unable to do so earlier.

Posted in Income Tax |   4524 Views


RBI Rs 2000 Note Withdrawal Update: 98.12% Returned as Circulation Drops Sharply

   03 January 2025 at 08:52

Explore the decline in ₹2000 banknotes in circulation, from ₹3.56 lakh crore on May 19, 2023, to ₹6,691 crore by December 31, 2024, with 98.12% of the notes returned following the withdrawal announcement

Posted in Others |   285 Views