CAclubindia News

CBDT Relaxes TDS/TCS Norms for Inoperative PANs Linked with Aadhaar

22 July 2025 at 09:06

CBDT eases TDS/TCS rules for inoperative PANs. Relief granted if PAN is linked with Aadhaar within specified timelines. Know new compliance norms.

Posted in Income Tax | 2901 Views

AI-Powered Probe Helps Income Tax Dept Expose Fake Exemption Rackets

21 July 2025 at 09:22

Income Tax Department busts nationwide scam using AI and financial intelligence, exposing fake ITR deductions and inflated refund claims facilitated by rackets across India. CBDT issues caution to taxpayers.

Posted in Income Tax | 2010 Views

PIB Warns Taxpayers Against Fake Income Tax Emails Asking for Manual Verification

21 July 2025 at 09:15

PIB warns taxpayers against fake emails posing as Income Tax Department messages asking for manual verification. Learn how to report phishing and stay protected.

Posted in Income Tax | 1419 Views

Customs Act Amendment: Finance Ministry Deletes Entry 10A from Exemption List

21 July 2025 at 09:07

The Finance Ministry has deleted Serial No. 10A from Customs Notification No. 146/94 via Notification No. 34/2025-Customs dated July 19, 2025. Importers and stakeholders must review the change for compliance.

Posted in Income Tax | 156 Views

GSTR-3A Notices Erroneously Issued to Cancelled Composition Taxpayers Under GST: GSTN Advisory

21 July 2025 at 08:57

GSTN clarifies that GSTR-3A notices were mistakenly issued to some cancelled composition taxpayers due to a system glitch. Affected taxpayers with cancelled registrations before FY 2024-25 can ignore the notices. Technical fixes are underway.

Posted in GST | 2859 Views

GSTN to Reinstate Non-Editable Table 3.2 in GSTR-3B from July 2025

21 July 2025 at 08:49

Starting July 2025, GSTN will make Table 3.2 of GSTR-3B non-editable, auto-populating inter-state supply details from GSTR-1, GSTR-1A, or IFF. Taxpayers must ensure accurate reporting to avoid discrepancies and filing issues.

Posted in GST | 5496 Views

Tax Department Urges Bengaluru Vendors Not to Avoid UPI Amid GST Notice Confusion

19 July 2025 at 07:44

The Karnataka Commercial Tax Department clarified that GST notices are based on all types of payments, not just UPI, after small businesses in Bengaluru switched to cash-only transactions over tax fears.

Posted in GST | 2217 Views

Finance Ministry Grants IT Exemption to Andhra Pradesh Pollution Control Board for Specified Incomes

19 July 2025 at 07:12

The Finance Ministry has notified tax exemptions under Section 10(46) of the Income Tax Act for Andhra Pradesh Pollution Control Board, applicable from AY 2022-2023 to AY 202-2027, covering specified income sources.

Posted in Income Tax | 96 Views

ICAI Leads Accounting Transformation with AI - Hosts AIS 2025 Innovation Summit

19 July 2025 at 06:43

The Institute of Chartered Accountants of India (ICAI), the largest professional body of Chartered Accountants in the world, successfully inaugurated the highly awaited AI Innovation Summit - AIS 2025 at Buntara Bhavana in Pune.

Posted in Professional Resource | 1524 Views

New Income Tax Bill Seeks to End NPA Tax Disputes by Aligning with RBI Guidelines

19 July 2025 at 06:43

The new Income Tax Bill proposes a clear definition of NPAs in line with RBI norms, aiming to resolve long-standing tax disputes and avoid litigation over the taxation of unrealised interest income.

Posted in Income Tax | 1512 Views