CAclubindia News
Income Tax Department Cracks Down on Dubious Political Donations
17 March 2025 at 08:34The Income Tax (IT) department has launched a major crackdown on suspicious political donations, issuing hundreds of notices to individuals who contributed over ₹5 lakh to lesser-known political parties in the financial year 2020-21.
Income Tax Officer Caught in Bribery Case Over PAN Card Cancellation Delay
17 March 2025 at 08:34In yet another case of corruption within the Income Tax Department, a complaint has been filed against an IT officer in Jalgaon for demanding a bribe to process the cancellation of a newly issued PAN card.
Income Tax Officer Caught Taking Bribe, Posed as Another Officer to Extort Elderly Taxpayer
17 March 2025 at 08:33In a shocking case of corruption, the Central Bureau of Investigation (CBI) caught an Income Tax officer red-handed while accepting a bribe of ₹50,000 from a 62-year-old taxpayer.
Daily Wage Worker Gets Rs 22.86 Lakh GST Demand Notice
15 March 2025 at 08:22In a shocking turn of events, a daily wage laborer in Kothagudem has received a recovery notice for Rs 22.86 lakh in pending GST dues, highlighting potential lapses in the tax system's verification processes.
New Income Tax Bill Under Review: Parliamentary Panel Holds Key Discussions
15 March 2025 at 08:14A select committee of Parliament convened to discuss the provisions of the proposed New Income Tax Bill, a key reform initiative aimed at overhauling India's direct tax structure.
No Direct Revenue Impact Expected from IT Bill, Clarifies MoS Finance
14 March 2025 at 09:02The recently introduced Income-tax Bill, 2025, in the Lok Sabha is designed to streamline India's tax framework but is not expected to have an immediate impact on revenue collection, according to Minister of State for Finance Pankaj Chaudhary.
IT Department Uses Satellite Imagery to Crack Down on Dubious Agricultural Income Claims
14 March 2025 at 09:02In a major tax crackdown, the Income Tax (I-T) Department has uncovered discrepancies in agricultural income declarations using satellite imagery.
Finance Ministry: 158 GST Cases Registered Against Gaming Firms for Rs 1.53 Lakh Crore
14 March 2025 at 09:02The Finance Ministry informed the Rajya Sabha on Tuesday that 158 cases involving Goods and Services Tax (GST) dues totaling ₹1.53 lakh crore have been registered till January 2025.
CBIC Seeks Proposals for Reorganising CGST Commissionerates: Deadline 31st March 2025
13 March 2025 at 08:49The Central Board of Indirect Taxes and Customs (CBIC) has initiated a comprehensive assessment of the territorial jurisdiction of Central Tax Commissionerates across all Central Tax Zones.
Top 5 Industrial States Contribute 72% of Direct Taxes
13 March 2025 at 08:48The top five industrial states of India - Maharashtra, Karnataka, Delhi, Tamil Nadu and Gujarat collectively contributed more than 72% of the direct taxes and 53% of Central GST in FY 2023-24, according to data tabled in Parliament on Monday.
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