CAclubindia News

FM Sitharaman Inaugurates New DRI Headquarters in New Delhi: Calls for Smarter, Dharma-Rooted Enforcement

05 June 2025 at 09:25

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman and Union Minister of State for Finance Shri Pankaj Chaudhary inaugurate Directorate of Revenue Intelligence (DRI) headquarters building, in New DelhiView enforcement and facili

Posted in Others | 132 Views

Finance Ministry Calls for Streamlining of Central Schemes Ahead of 2026 Deadline

05 June 2025 at 09:23

The Finance Ministry has called for a stricter and outcome-driven approach to reappraise all Central Sector Schemes (CSs) and Centrally-Sponsored Schemes (CSSs) that are set to end by March 31, 2026.

Posted in Others | 81 Views

ICAI Releases Draft Panel for Appointment of Statutory Auditors for State and Central Co-operative Banks for FY 2025-26

05 June 2025 at 09:21

ICAI has released the Draft Panel for the Appointment and Re-appointment of Statutory Auditors for State Co-operative Banks (StCCBs) and Central Co-operative Banks (CCBs) for the financial year 2025-26.

Posted in Audit | 5088 Views

Income Tax Return Forms ITR-1 and ITR-4 Now Available for Online Filing with Prefilled Data

04 June 2025 at 13:27

The Income Tax Department has enhanced the online filing experience for taxpayers by enabling the Income Tax Return (ITR) forms ITR-1 (Sahaj) and ITR-4 (Sugam) to be filed online with prefilled data.

Posted in Income Tax | 1182 Views

19 Year Old Boy in Crore GST Scam: B2C Credit Fraud Busted

04 June 2025 at 11:34

A 19-year-old youth whose name is Sanket Mittal was involved in fraudulently availing Input Tax Credit under the Goods and Services Tax (GST) regime by misusing B2C credit from online mobile sales (like Amazon, Flipkart, Appario).

Posted in GST | 1089 Views

Rs 500 Note Not Being Discontinued: PIB Fact Check Debunks Viral Claim

04 June 2025 at 09:19

In the age of viral misinformation, yet another baseless rumour is doing the rounds-this time claiming that the Reserve Bank of India (RBI) will discontinue the circulation of Rs 500 currency notes by March 2026.

Posted in Others | 2145 Views

Navi Mumbai Professor Duped of Rs 1.81 Crore in Fake Income Tax Scam

04 June 2025 at 09:10

In a disturbing incident of cybercrime, a woman professor from a reputed educational institute in Navi Mumbai lost Rs 1.81 crore after falling prey to a well-orchestrated scam by con artists posing as Income Tax officials.

Posted in Income Tax | 3171 Views

Ministry of Finance appoints Punjab National Bank as Official Liquidator for 32 Defunct Banks

04 June 2025 at 09:05

The Ministry of Finance (Department of Financial Services) has officially appointed Punjab National Bank (PNB) as the official liquidator for the winding-up proceedings of 32 defunct banking companies, as per a notification dated June 3, 2025.

Posted in Others | 2232 Views

OTT Platforms and Gaming Apps May Face Dual Taxation Under New Supreme Court Ruling

03 June 2025 at 09:30

A recent Supreme Court ruling permitting dual taxation on television broadcasters has sparked widespread concern across India's rapidly growing over-the-top (OTT) and digital entertainment industry.

Posted in GST | 1494 Views

CBI Arrests Senior IRS Officer for Rs 25 Lakh Bribe in Income Tax Corruption Case

03 June 2025 at 09:28

The Central Bureau of Investigation (CBI) has arrested a senior IRS officer and a private intermediary for allegedly accepting a bribe of Rs 25 lakh in exchange for favourable treatment in an income tax matter.

Posted in Income Tax | 1728 Views