CAclubindia News

Supreme Court Allows NFRA to Continue Proceedings Against CAs, but Restricts Final Orders

25 March 2025 at 08:32

In a crucial development impacting India's audit and accounting sector, the SC has permitted the NFRA to proceed with disciplinary cases against CAs and audit firms even where no AQRRs have been prepared and final orders are yet to be passed.

Posted in Audit | 3060 Views

Govt Proposes to Scrap 6% Equalisation Levy on Digital Ads in Finance Bill 2025

25 March 2025 at 08:32

In a significant move impacting India's digital advertising landscape, the government has proposed amendments to the Finance Bill 2025, including the removal of the 6% equalisation levy on online advertisements.

Posted in Income Tax | 1401 Views

DGGI Busts Rs 171.45 Crore GST Fraud, Accused Held

24 March 2025 at 08:42

The Directorate General of GST Intelligence (DGGI), Visakhapatnam Zonal Unit, has arrested Maddi Prasad in Karnataka for his alleged involvement in a massive GST fraud case.

Posted in GST | 651 Views

CGST Delhi East Boosts GST Compliance in 2025 Registration Drive

24 March 2025 at 08:38

CGST Delhi East Commissionerate encourages greater compliance and awareness among unregistered manufacturers and traders during GST Registration Campaign 2025

Posted in GST | 207 Views

DGGI cracks down on Offshore Online Money Gaming firms to curb Tax Evasion

24 March 2025 at 08:34

DGGI blocks 357 websites/URLs of illegal/non-compliant offshore online money gaming entities

Posted in GST | 1128 Views

Centre's Push to Scrap 12% GST Slab Faces Resistance from States

24 March 2025 at 08:34

Despite the Centre's push to simplify the GST structure by eliminating the 12% tax slab, the Group of Ministers (GoM) on GST rate rationalisation remains divided on the proposal.

Posted in GST | 1527 Views

Maharashtra Approves Tax Amnesty Scheme for PSUs, Aims to Recover Rs 8,000 Crore

24 March 2025 at 08:34

In a significant move to resolve long-standing tax disputes, the Maharashtra Legislative Council on Thursday sanctioned a bill granting amnesty to PSUs of the Central and state governments for their tax dues to the Maharashtra government.

Posted in Income Tax | 555 Views

ICAI Extends 75% Fee Concession for CA Course Registrations in J&K, Ladakh, Andaman & Nicobar and Northeast

22 March 2025 at 15:09

Renewal of 75% Concession in Registration Course Fee for all levels of CA Courses for the Candidates/ Students from Union Territories of Jammu & Kashmir, Ladakh, Andaman & Nicobar Islands and for 8 North-Eastern States

Posted in Students | 2709 Views

ITAT Mumbai Rules: No Capital Gains Tax on Co-Owner Without Beneficial Interest

22 March 2025 at 08:49

The Income Tax Appellate Tribunal (ITAT), Mumbai bench, has ruled that an individual listed as a co-owner of a property without actual financial interest cannot be taxed for capital gains upon its sale.

Posted in Income Tax | 7041 Views

GSTN Glitch: Issues in Filing SPL-01/SPL-02 Applications Under Waiver Scheme

22 March 2025 at 08:48

Grievances are raised by taxpayers regarding difficulties faced while filing the waiver applications. Following grievances faced by taxpayers have come to the notice of GSTN and the team is working to resolve the issues at the earliest

Posted in GST | 4605 Views