CAclubindia News

ICAI organised Statutory Central Auditors' Meet 2025-26

28 March 2025 at 08:42

The Institute of Chartered Accountants of India (ICAI), through its Professional Development Committee, successfully organized the Statutory Central Auditors' Meet 2025-26 on 24th March, 2025, in Mumbai.

Posted in Audit | 240 Views

Income Tax Dept Cannot Access Personal Emails, Social Media Accounts: MoS Finance

28 March 2025 at 08:42

The Government of India has clarified that Income Tax officials will not have unrestricted access to personal emails, social media, or bank accounts of taxpayers.

Posted in Income Tax | 3972 Views

MCA Mandates Half-Yearly Return for Companies Delaying Payments to MSMEs

27 March 2025 at 09:28

The Central Government has issued a directive under Section 9 of the Micro, Small, and Medium Enterprises Development Act, 2006 (MSMED Act, 2006), making it mandatory for companies to report payment delays to micro and small enterprises (MSEs).

Posted in Corporate Law | 1 comments | 9138 Views

GST Reduction on Agricultural Inputs Under Review, Says FM Sitharaman

27 March 2025 at 08:41

The Group of Ministers (GoM) on GST rationalisation is evaluating a proposal to reduce the tax rates on essential agricultural inputs, including drip irrigation systems, fertilisers and pesticides.

Posted in GST | 1374 Views

WhatsApp Chats Expose Rs 200 Crore Tax Evasion: FM Nirmala Sitharaman Justifies New Tax Bill

27 March 2025 at 08:37

In a significant revelation, Finance Minister Nirmala Sitharaman disclosed that tax authorities successfully uncovered Rs 200 crore worth of tax evasion using WhatsApp messages as evidence.

Posted in Income Tax | 4860 Views

CBDT releases Supplementary FAQs on the Finance Bill, 2025

26 March 2025 at 09:00

Supplementary FAQs on the Finance Bill, 2025

Posted in Income Tax | 2289 Views

CBDT Notifies Amendments in Income-Tax Rules to Broaden Safe Harbour Scope

26 March 2025 at 08:40

CBDT Notifies Sixth Amendment to Income-Tax Rules, 2025Key Highlights of Notification No. 21/2025The Central Board of Direct Taxes (CBDT) has issued Notification No. 21/2025 on March 25, 2025, amending the Income-tax Rules, 1962.

Posted in Income Tax | 1677 Views

Govt Launches MSME TEAM Initiative to Boost E-Commerce Adoption via ONDC

26 March 2025 at 08:34

During the FY 2024-25, the MSMEhas launched a sub scheme under Central Sector Scheme Raising and Accelerating MSME Performance Program (RAMP), namely MSME Trade Enablement and Marketing (MSME TEAM) Initiative on 27th June 2024.

Posted in Corporate Law | 510 Views

Lok Sabha Passes Finance Bill 2025 with 35 Amendments, Moves to Rajya Sabha for Approval

26 March 2025 at 08:34

The Lok Sabha on Tuesday passed the Finance Bill, 2025, incorporating 35 government amendments, marking a significant step in the Budget approval process.

Posted in Income Tax | 2118 Views

Income Tax Dept Flags Rs 29 Lakh Crore as Hard to Recover from Rs 43 Lakh Crore Dues

25 March 2025 at 08:41

The Income Tax Department is grappling with an overwhelming backlog of direct tax arrears, with Rs 29 lakh crore classified as nearly impossible to recover, as per official submissions to the Parliamentary Standing Committee on Finance.

Posted in Income Tax | 2619 Views