CAclubindia News


E-Way Bills Touch Second-Highest Level in Two Years, Indicating Economic Momentum

   14 January 2025 at 08:00

E-way bill generation by businesses in India reached its second-highest level in December 2024, marking a robust 17.6% year-on-year growth.

Posted in GST |   519 Views


Gang of Fake Income Tax Officers Busted in Gujarat, Mastermind a GST Inspector

   14 January 2025 at 08:00

In a dramatic turn of events, police in Dahod, Gujarat, have busted a gang of seven individuals who posed as Income Tax officers to extort money from a businessman in Sukhsar village.

Posted in GST |   807 Views


ED Uncovers Rs 10,000 Crore Money Laundering Network Involving CAs and Hawala Operators

   14 January 2025 at 08:00

In a major breakthrough, the Enforcement Directorate (ED) has uncovered a complex network of Chartered Accountants (CAs) and hawala operators accused of laundering over Rs 10,000 crore of black money out of India in recent years.

Posted in Professional Resource |   3387 Views


Tax Professionals Urge Govt to Enhance GST IMS for Better Compliance

   14 January 2025 at 08:00

The body of tax professionals has called on the government to make the recently introduced Invoice Management System (IMS) on the Goods and Services Tax (GST) portal more user-friendly.

Posted in GST |   522 Views


ICAI Releases Schedule of May 2025 CA Exams

   13 January 2025 at 13:12

The Institute of Chartered Accountants of India (ICAI) has officially announced the schedule for the May 2025 Chartered Accountants (CA) Examinations.

Posted in Students |   41340 Views


CA Claims to be Whistleblower in Torres Jewellery Fraud, Seeks Police Protection

   13 January 2025 at 09:28

Days after Mumbai police initiated an investigation into the alleged multi-crore Torres Jewellery fraud case, Abhishek Gupta, a 31-year-old chartered accountant, has approached the Bombay High Court seeking police protection.

Posted in Audit |   4602 Views


Centre Releases Rs 1.73 Lakh Crore Tax Devolution to States for Development

   13 January 2025 at 08:46

Union Government releases tax devolution of ₹1,73,030 crore to State Governments to accelerate capital spending and finance their development and welfare-related expenditures

Posted in Income Tax |   381 Views


Kerala GST Department Introduces Common Adjudicating Authority for Multiple Show Cause Notices

   13 January 2025 at 08:46

The Kerala GST department has announced a major relief for taxpayers dealing with multiple GST show cause notices (SCNs) issued across different districts.

Posted in GST |   291 Views


Income Tax Inspector Under CBI Lens for Alleged Bribery in DIT Relief Processing

   13 January 2025 at 08:46

The Central Bureau of Investigation (CBI) has launched an investigation into allegations of corruption involving an income tax inspector from the International Taxation Circle, Mumbai, and an employee of a private shipping company.

Posted in Income Tax |   1824 Views


Simplified Income-Tax Act Set to Launch in Budget 2025

   13 January 2025 at 08:46

The much-anticipated overhaul of the Income-Tax Act, 1961, is likely to be presented during the Budget session of Parliament on February 1, 2025.

Posted in Income Tax |   2301 Views