CAclubindia News

CBDT Tightens TDS Compliance, 40,000 Taxpayers Under Investigation

27 February 2025 at 08:41

In a significant move to ensure Tax Deducted at Source (TDS) compliance, the CBDT has initiated an extensive review of nearly 40,000 taxpayers based on tax deductions claimed during the financial years 2022-23 and 2023-24, according to a report. Comp

Posted in Income Tax | 2355 Views

Bombay HC Orders CVC, CBIC to Consider Whistleblower Customs Officer's Protection Plea

26 February 2025 at 08:56

The Bombay High Court has directed the CVC and the CVO of the CBIC to consider the representations of whistleblower customs officer Priyesh Bheda, who is seeking protection under the law.

Posted in Custom | 444 Views

Income Tax Bill 2025: Tax Experts Seek Clarity on NPO Concessions and Commercial Activity

26 February 2025 at 08:54

The Income Tax Bill, 2025, has consolidated tax laws governing non-profit organisations (NPOs), streamlining provisions that were previously scattered across multiple sections of the Income Tax Act, 1961.

Posted in Income Tax | 1581 Views

CBDT Mandates E-Filing for Business Trusts & AIFs Under New Tax Rules

26 February 2025 at 08:54

The Central Board of Direct Taxes (CBDT) has issued Notification No. 17/2025, introducing amendments to the Income-Tax Rules, 1962 under the Income-Tax Act, 1961.

Posted in Income Tax | 1785 Views

Virtual Digital Assets Now Classified as Undisclosed Income Under Income Tax Act

25 February 2025 at 08:40

In a significant step toward regulating cryptocurrency transactions and curbing tax evasion, the government has proposed to include Virtual Digital Assets (VDAs) within the definition of "undisclosed income" under the block assessment scheme.

Posted in Income Tax | 3858 Views

ICAI Announces Mock Test Papers Series for CA Foundation May & September 2025 Exams

25 February 2025 at 08:40

The Institute of Chartered Accountants of India (ICAI) has announced Mock Test Papers Series - I & II for students appearing in the CA Foundation May 2025 and September 2025 Examinations.

Posted in Students | 717 Views

Major Changes in Profits and Gains of Business and Profession Under Income Tax Bill 2025

25 February 2025 at 08:39

The Income Tax Bill 2025 introduces several key changes in the chapter on Profits and Gains of Business and Profession (PGBP), aimed at enhancing clarity, coherence, and compliance.

Posted in Income Tax | 6753 Views

Income Tax Bill 2025: Major Changes in Deeming Provisions (Sections 68-69D) & Their Impact

25 February 2025 at 08:39

The Income Tax Bill 2025 has introduced significant modifications to the deeming provisions under Sections 68-69D of the Income Tax Act, 1961.

Posted in Income Tax | 2163 Views

ICAI Announces Requirements for Applying for CA Foundation & Intermediate May 2025 Exams

24 February 2025 at 09:08

The Institute of Chartered Accountants of India (ICAI) has issued important guidelines for candidates applying for the May 2025 CA exams.

Posted in Students | 25518 Views

ICAI Online Exam Forms for May 2025: Important Dates and Deadlines

24 February 2025 at 09:04

The Institute of Chartered Accountants of India (ICAI) has announced the schedule for online exam form submissions for the May 2025 Chartered Accountancy (CA) Examinations.

Posted in Students | 33348 Views