CAclubindia News

Fake GST Firms Busted in Thane: Rs 22.06 Crore ITC Fraud Under Probe

24 December 2025 at 06:47

Police in Maharashtra’s Thane district have registered a case against four persons for allegedly creating fake GST-registered firms and fraudulently claiming input tax credit worth over Rs 22.06 crore. Investigation is underway.

Posted in GST | 405 Views

No Routine Access to Social Media, Emails Under Income Tax Act 2025: PIB Clarifies

23 December 2025 at 09:40

PIB Fact Check clarifies that the Income Tax Department has no routine power to access social media or emails from April 2026. Digital access applies only during search and survey cases.

Posted in Income Tax | 1581 Views

SEBI Engages GST Council to Resolve GST Issues in Commodity Trading

23 December 2025 at 06:38

SEBI chairman Tuhin Kanta Pandey said the regulator is working with the GST Council to resolve GST hurdles affecting commodity trading, delivery and market liquidity.

Posted in GST | 648 Views

FM Nirmala Sitharaman Chairs Finance & Corporate Affairs Chintan Shivir at Hampi

23 December 2025 at 06:38

Finance Minister Nirmala Sitharaman chaired the Chintan Shivir of the Ministries of Finance and Corporate Affairs at Hampi, focusing on AI, Ease of Doing Business, tax reforms and financing for Viksit Bharat.

Posted in Custom | 423 Views

Sixth Session of 18th Lok Sabha Ends with 111% Productivity, 8 Bills Passed

23 December 2025 at 06:38

Sixth Session of 18th Lok Sabha concludes with 111% productivity. 15 sittings, 8 bills passed, major debates on Vande Mataram and electoral reforms.

Posted in Community & General | 1173 Views

Income Tax Algorithm Error Flags Unlisted Share Capital Gains as Business Income

22 December 2025 at 06:40

Income Tax Dept's automated system is misclassifying capital gains from unlisted share sales as business income due to TDS data mismatch. Know why notices are being sent and how taxpayers should respond.

Posted in Income Tax | 1506 Views

Section 80G Explained: Key FAQs on Donation Deductions, Limits, Verification & ITR Filing

22 December 2025 at 06:40

The Income Tax Department clarifies Section 80G rules on donation deductions, limits, cash payment restrictions, Form 10BE verification and eligibility under old vs new tax regime.

Posted in Income Tax | 1 comments | 4452 Views

Advance Tax Growth Loses Momentum After Third Instalment

22 December 2025 at 06:40

Advance tax collection grew just over 4% after the third instalment, sharply lower than last year, with non-corporate tax payments declining, income-tax data shows.

Posted in Income Tax | 234 Views

GSTN Introduces Flexible ITC Handling for Credit Notes in IMS

22 December 2025 at 06:40

GSTN introduces a new IMS functionality allowing taxpayers to select Yes or No for ITC reduction while accepting credit notes, improving accuracy in GST compliance.

Posted in GST | 2373 Views

ICAI Admit Cards Released for CA Intermediate & Final Jan 2026 Exams

22 December 2025 at 06:39

ICAI has released admit cards for CA Final, Intermediate January 2026 exams. Candidates can download hall tickets from the ICAI e-Services portal at eservices.icai.org.

Posted in Students | 2844 Views