CAclubindia News


MCA21 Records 80.26 Lakh Form Filings in FY 2024-25

   05 February 2025 at 08:57

MCA21 records 80.26 lakh form filings between April 2024 to January 2025 driving Ease of Doing Business with enhanced digital solutions

Posted in Corporate Law |   135 Views


CBDT Outlines Data Sharing Mechanism for PMGKAY Beneficiary Identification between DGIT (Systems) and DFPD

   05 February 2025 at 08:56

CBDT has issued a new directive for the sharing of taxpayer information with the Department of Food and Public Distribution (DFPD) for identifying eligible beneficiaries under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY)

Posted in Income Tax |   81 Views


FM Sitharaman Urges Southern States to Present Tax Devolution Concerns to 16th Finance Commission

   05 February 2025 at 08:56

Amid growing concerns from southern states over the perceived unfair distribution of tax revenues, FM Nirmala Sitharaman has emphasized that it is the Finance Commission, not the central government, that determines the devolution of taxes.

Posted in Income Tax |   66 Views


CBDT Chairman Emphasizes 'Trust First' Approach in Tax Administration

   05 February 2025 at 08:56

In a significant move reflecting the evolving landscape of India's tax administration, CBDT Chairman Ravi Agrawal announced a shift towards a more participative and non-adversarial approach.

Posted in Income Tax |   180 Views


Amendment to Section 13: Govt Eases Rules for Trusts on Reporting Donor Details

   05 February 2025 at 08:56

Rationalisation of persons specified under sub-section (3) of section 13 for trusts or institutions 

Posted in Union Budget |   654 Views


Income Tax Relaxation: 10 Year Registration for Trusts with Income Below Rs 5 Crore

   05 February 2025 at 08:56

Period of registration of smaller trusts or institutionsSection 12AB provides registration of trust or institution for a period of 5 years or provisional registration (where activities have not commenced at the time of filing application for registra

Posted in Union Budget |   105 Views


Trust Registration Rules Eased: Incomplete Applications Won't Trigger Cancellation from FY 2025

   05 February 2025 at 08:56

Rationalisation of 'specified violation' for cancellation of registration of trusts or institutions

Posted in Union Budget |   27 Views


ICAI Unveils Aggregation Guidelines 2024 for CA Firms to Enhance Professional Excellence

   04 February 2025 at 13:26

In a landmark move aimed at bolstering the operational efficiency and global competitiveness of CA firms in India, the Institute of Chartered Accountants of India (ICAI) has officially announced the ICAI (Aggregation of LLPs) Guidelines, 2024.

Posted in Professional Resource |   3849 Views


Tax Exemption for SUUTI Specified Undertaking to Last Until March 2027

   04 February 2025 at 08:56

Extension of exemption to Specified Undertaking of Unit Trust of India (SUUTI)

Posted in Union Budget |   93 Views


Updated ITR Filing Window Extended to 4 Years with Higher Penalties for Late Compliance

   04 February 2025 at 08:56

Extending the time-limit to file the updated returnSub-section (8A) of section 139 of the Act, relates to furnishing of updated return.

Posted in Union Budget |   1704 Views