CAclubindia News

Man Arrested for Posing as Income Tax Officer, Duping Woman of Rs 55.8 Lakh

15 November 2025 at 07:41

A man posing as an Income Tax officer was arrested in Palghar for conducting a fake raid and cheating a woman of Rs 55.8 lakh. Police are searching for his accomplices.

Posted in Income Tax | 615 Views

GST 2.0 Driving Transparency & Growth: ICAI President Outlines Key Reforms

15 November 2025 at 07:17

ICAI President’s November message highlights GST 2.0 reforms, MSME Clinic rollout, global benchmarking of CA qualification, and ICAI’s growing global and digital initiatives.

Posted in GST | 918 Views

CBDT Seeks Clarity From MeitY on Tax Incentives for Data Centres Under New Policy

15 November 2025 at 06:44

CBDT has asked MeitY for detailed definitions and eligibility criteria for proposed long-term tax incentives for data centres, citing concerns over misuse and revenue loss.

Posted in Income Tax | 792 Views

MSMEs Lead as 13 Companies Apply Under PLI Scheme with Rs 1914 Crore Investment

15 November 2025 at 06:44

India's White Goods PLI Scheme draws 13 applicants committing Rs 1,914 crore, with MSMEs forming more than 50% of new entries in AC and LED manufacturing.

Posted in Corporate Law | 87 Views

GST Exemption Fuels 50% Jump in Term Insurance Sales; Insurers Expect Trend to Continue

15 November 2025 at 06:44

Life insurers report sharp increase in pure protection plans post GST cut; HDFC Life up 50%+, Axis Max Life up 34%, SBI Life sees 33% growth.

Posted in GST | 171 Views

DGGI Delhi Busts Rs 645 Crore Fake ITC Racket

14 November 2025 at 09:22

DGGI Delhi uncovers ₹645 crore fake ITC racket using 229 dummy firms; key operator Mukesh Sharma arrested. Money-laundering links through NGO, political outfit probed.

Posted in GST | 153 Views

ITAT Bangalore Gives Relief to Landowner in Rs 1.82 Crore Mango Sales Case

14 November 2025 at 06:38

ITAT Bangalore grants relief to landowner after Rs 1.82 crore mango income taxed as unexplained cash credit; tribunal rejects tax department's assumptions.

Posted in Income Tax | 1 comments | 1518 Views

Retail Inflation Drops to Record Low of 0.25% in October after GST Rate Cuts

14 November 2025 at 06:38

India's retail inflation hit a record low of 0.25% in October 2025, driven by GST rate cuts and a sharp fall in food and vegetable prices.

Posted in GST | 744 Views

FM Sitharaman Assures Further Simplification of GST, Tax Procedures

14 November 2025 at 06:38

Tamil Nadu traders felicitated FM Nirmala Sitharaman for GST 2.0 tax reforms, praising rate cuts and simplified structure that boosted trade and demand.

Posted in GST | 216 Views

Centre Confident of Meeting Rs 25.2 Lakh Crore Direct Tax Target Despite STT Shortfall

14 November 2025 at 06:38

Despite lower STT collections, the Centre remains confident of achieving its Rs 25.2 lakh crore direct tax target for FY26, driven by strong PIT growth.

Posted in Income Tax | 81 Views