CAclubindia News
Income Tax Department Detects Rs 22,000 Crore in Undisclosed Foreign Assets
20 February 2025 at 08:43In a major crackdown on offshore tax evasion, the Income Tax Department has detected ₹22,000 crore worth of undisclosed foreign assets and investments.
Bombay High Court Quashes IT Department's Advisory on BCCI's Tax-Exempt Status
20 February 2025 at 08:41In a significant relief to the Board of Control for Cricket in India (BCCI), the Bombay High Court has set aside an advisory issued by the Income Tax Department, which questioned the board's tax-exempt status.
Man Duped of Rs 3 Lakh by Fraudster Posing as Income Tax Officer
20 February 2025 at 08:32In a shocking case of fraud, a resident of Urban Estate Phase-1, Iqbaljit Singh Bhatia, was allegedly cheated out of ₹3 lakh by a man impersonating an Income Tax officer.
Delhi Police's ACB Arrests Two for Alleged Bribery in GST Registration Case
20 February 2025 at 08:32The Anti-Corruption Branch (ACB) of the Delhi Police has arrested two individuals, including a government stenographer, for allegedly demanding a bribe of Rs 50,000 to revoke the suspension of a GST registration.
Govt Receives Over 60,000 Suggestions for Income Tax Bill 2025, Says FM Sitharaman
19 February 2025 at 08:51In a major step towards tax reforms, Union Finance Minister Nirmala Sitharaman announced that the government has received more than 60,000 inputs from citizens for the upcoming Income Tax Bill, 2025.
CBDT Extends Due Date for Filing Form No. 56F for AY 2024-25
19 February 2025 at 08:48The Central Board of Direct Taxes (CBDT) has issued Circular No. 02/2025, extending the due date for filing Form No. 56F under the Income-tax Act, 1961.
ICAI Releases Guidance Note on Audit of Banks - 2025 Edition
19 February 2025 at 08:36The Auditing and Assurance Standards Board (AASB) of the Institute of Chartered Accountants of India (ICAI) has released the Guidance Note on Audit of Banks (2025 Edition). This annual publication serves as a comprehensive resource for auditors condu
CBIC Introduces Automated Refund System for Customs to Streamline Process and Cut Costs
19 February 2025 at 08:36The Central Board of Indirect Taxes and Customs (CBIC) has announced the implementation of an automated refund system for customs duty under Circular No. 05/2025-Customs, dated February 17, 2025.
Income Tax Bill 2025: IT Department Clarifies If Late ITR Filers Can Still Get Refunds
19 February 2025 at 08:36The recently introduced Income Tax Bill, 2025, in the Lok Sabha has sparked concerns among taxpayers regarding their eligibility for income tax refunds if they file their Income Tax Return (ITR) after the due date.
FM Nirmala Sitharaman Applauds Indian Customs Role in Economic Growth & Trade Facilitation
19 February 2025 at 08:36Hon'ble Finance Minister Nirmala Sitharaman highlights Customs' role in Economic Security and Growth
Popular News
- Tax Professionals Raise Alarm Over Misuse of GST Section 74(A) Notices
- FM Sitharaman Orders Withdrawal of Low-Value Tax Appeals Within Three Months
- Finance Ministry May Amend Income Tax Bill 2025 to Restore Section 80M for 22% Tax Regime
- GST Superintendent's FIR Unravels Hidden Assets Worth Rs 34 Lakh
- IT Department Flags 1.65 Lakh ITRs for Scrutiny in AY 2025 - 3X Surge Over Previous Years
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
