CAclubindia News

ED Arrests 3 Traders in Rs 800 Crore GST Scam

13 May 2025 at 08:50

The Directorate of Enforcement (ED) on Saturday presented traders Shiv Kumar Deora, Mohit Deora, and Amit Gupta before the Special Prevention of Money Laundering Act (PMLA) court in connection with a massive Rs 800 crore GST fraud.

Posted in GST | 99 Views

Thane Businessman Duped of Rs 4.5 Crore in GST Scam Using Fake Documents

13 May 2025 at 08:42

A 60-year-old businessman from Thane has reportedly been defrauded of Rs 4.5 crore in a sophisticated GST evasion scheme involving identity theft and misuse of company credentials, according to the police.

Posted in GST | 108 Views

Himanta Sarma Defends GST as 'God-Sent Tax' Amid Border Tensions

12 May 2025 at 09:07

In a forceful rebuttal to the Congress party's persistent criticism of the GST, Assam CM Himanta Biswa Sarma on Friday hailed the GST as a "God-Sent Tax," crediting it for enabling critical defense procurements

Posted in GST | 1182 Views

CBI Arrests Income Tax Commissioner and 4 Others in Rs 70 Lakh Bribery Case

12 May 2025 at 08:56

CBI has arrested Jeevan Lal Lavidiya, Commissioner of Income Tax (Exemption), Hyderabad, for allegedly accepting a bribe of Rs 70 lakh to favour a tax appeal related to Shapoorji Pallonji Group.

Posted in Income Tax | 1794 Views

CBDT Notifies New ITR-7 Form for AY 2025-26

12 May 2025 at 08:53

The Central Board of Direct Taxes (CBDT) has notified the amended Income-tax Return Form ITR-7 through Notification No. 46/2025, published in the Gazette of India on May 9, 2025.

Posted in Income Tax | 2163 Views

Revised Schedule for CA May 2025 Exams Released

10 May 2025 at 21:14

The Institute of Chartered Accountants of India (ICAI) has officially revised the examination schedule for the CA Final, Intermediate, and International Taxation - Assessment Test (INTT-AT) for May 2025.

Posted in Students | 2271 Views

Finance Ministry Waives Customs Duty on Artworks and Antiques Meant for Public Display

10 May 2025 at 09:04

The Ministry of Finance in a significant move to promote cultural heritage and facilitate public access to valuable artworks and antiquities, has issued a new customs notification exempting select imported art and historical items from customs duties.

Posted in Custom | 795 Views

FM Sitharaman Reviews UPI, Internet Banking Security Amid Rising Border Concerns

10 May 2025 at 08:56

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chairs meeting to review banking sector's operational and cybersecurity preparedness, including digital applications such as internet banking and UPI

Posted in Others | 1377 Views

ICAI Urges Over 14 Lakh Members & Students to Support Armed Forces and Nation

10 May 2025 at 08:51

ICAI Issues Clarion Call to over 14 Lakh Members and Students to stand in Solidarity with the Armed Forces and the Nation

Posted in Students | 52059 Views

MCA Notifies Key Amendments to Ind AS 21 on Foreign Currency Exchangeability

10 May 2025 at 08:47

MCA has officially notified the Companies (Indian Accounting Standards) Amendment Rules, 2025, introducing substantial changes to Ind AS 21-the Indian Accounting Standard governing the effects of changes in foreign exchange rates.

Posted in Corporate Law | 2031 Views