CAclubindia News

ICAI Invites Contributions to Self-Paced Online Module Exam Question Bank

18 February 2025 at 08:49

The Institute of Chartered Accountants of India (ICAI) has invited contributions from Chartered Accountants and subject-matter experts for its Self-Paced Online Module Examinations under the New Scheme of Education and Training.

Posted in Students | 1923 Views

Tax Deductions for Political Donations: Individual Taxpayers Outpace Corporates

18 February 2025 at 08:34

The revenue impact of tax deductions availed by individual taxpayers for donations to political parties has witnessed a sharp surge post-Covid-19, surpassing corporate contributions in the two financial years leading up to the 2024 Lok Sabha election

Posted in Income Tax | 1626 Views

CBIC Clarifies GST Rates on Popcorn

18 February 2025 at 08:34

The Central Board of Indirect Taxes & Customs (CBIC) has issued a clarification on GST rates applicable to different categories of popcorn, settling ongoing disputes over tax interpretation. The board has also regularised rate disputes on specifi

Posted in GST | 774 Views

ICAI Opens Empanelment for Observers for CA Exams May 2025

18 February 2025 at 08:34

The Institute of Chartered Accountants of India (ICAI) has invited applications for the empanelment of members to act as observers at the examination centers for the Chartered Accountants Examinations, May 2025.

Posted in Students | 1 comments | 10515 Views

Income Tax Bill 2025 Aims to Simplify NRI Taxation, Provide Clarity

17 February 2025 at 07:42

The Income Tax Bill 2025 seeks to create a more transparent and efficient tax framework for Non-Resident Indians (NRIs) by addressing long-standing concerns and reducing litigation risks, according to tax experts.

Posted in Income Tax | 2040 Views

28% GST Impact: Dream11 CEO Warns of Massive Shutdowns in Online Gaming Sector

17 February 2025 at 07:42

The Indian online gaming industry is at a critical juncture, with Dream11 co-founder and CEO raising concerns over the government's retrospective GST demands exceeding ₹1.1 lakh crore.

Posted in GST | 1338 Views

GST Council Mulls Tax Rate Cuts, Considers Eliminating 12% Slab to Boost Consumption

17 February 2025 at 07:37

The Goods and Services Tax (GST) Council is reportedly considering a reduction in tax rates on select items to stimulate consumption while maintaining revenue stability, according to a report citing sources familiar with the discussions.

Posted in GST | 621 Views

FM Responds to Jaya Bachchan: GST on Movie Tickets Slashed from 28% to 18%

17 February 2025 at 07:37

Responding to concerns raised by MP and former actor Jaya Bachchan, Sitharaman emphasized that GST has significantly reduced the tax burden on the film industry compared to the pre-GST era.

Posted in GST | 1995 Views

Income Tax Bill 2025: Capital Gains Tax Structure Unchanged, Language Simplified for Clarity

17 February 2025 at 07:37

The new Income Tax Bill 2025, tabled in Parliament recently, is being seen by taxation experts as a landmark reform aimed at modernizing and simplifying India's tax framework.

Posted in Income Tax | 4506 Views

GSTN Introduces Form ENR-03 for Enrolment of Unregistered Dealers on E-Way Bill Portal

17 February 2025 at 07:36

In a move to streamline the e-Way Bill (EWB) system, the Goods and Services Tax Network (GSTN) has introduced Form ENR-03, enabling unregistered dealers and persons to enrol and generate e-Way Bills.

Posted in GST | 1947 Views