CAclubindia News

RBI: Tax Cuts and Moderating Inflation to Boost Household Consumption

22 February 2025 at 09:00

The Reserve Bank of India (RBI), in its latest bulletin released on February 19, 2025, highlighted that the tax relief measures announced in the Union Budget 2025-26 and easing inflation are set to strengthen household consumption and investments.

Posted in Others | 90 Views

CBDT Begins Overhaul of Tax Rules After New Income Tax Act 2025

22 February 2025 at 08:59

In a significant move aimed at streamlining India's tax framework, the Union Budget 2025-26 has introduced a brand-new Income Tax Act, 2025.

Posted in Income Tax | 1023 Views

DRI Busts Seven Fake Currency Modules Across Four States, Nine Arrested

22 February 2025 at 08:58

In its drive against facilities engaged in the printing of Fake Indian Currency Notes (FICN), DRI busts seven more modules in Maharashtra (4), Haryana (1), Bihar (1) and Andhra Pradesh (1); nine arrested

Posted in Others | 51 Views

ICAI Announces Mock Test Papers for CA Final May 2025 Exams

22 February 2025 at 08:58

The Institute of Chartered Accountants of India (ICAI) has announced the schedule for the Mock Test Papers Series - I & II for CA Final students appearing in the May 2025 Examinations.

Posted in Students | 741 Views

ICAI Announces Mock Test Paper Series I & II for CA Intermediate May 2025 Exams

22 February 2025 at 08:57

The Institute of Chartered Accountants of India (ICAI) has announced the commencement of Mock Test Paper Series I & II for students appearing in the CA Intermediate May 2025 Examinations.

Posted in Students | 84 Views

E-Way Bill Now Mandatory for Scrap Supply in Dadra & Nagar Haveli, Daman & Diu

22 February 2025 at 08:57

In a significant compliance reminder, authorities have reiterated that taxpayers engaged in the supply of scrap are mandatorily required to generate e-way bills for consignments exceeding ₹50,000 in value.

Posted in GST | 81 Views

ICMAI Seeks Inclusion of Cost Accountants in Definition of 'Accountant' under Income Tax Bill 2025

21 February 2025 at 09:42

The Institute of Cost Accountants of India (ICMAI) has submitted a memorandum to the Select Committee of Lok Sabha, requesting the inclusion of "Cost Accountant" in the definition of "Accountant" under Section 515(3)(b) of the Income-Tax Bill, 2025.

Posted in Income Tax | 2205 Views

CBDT Issues Circular on TDS Deduction from Salaries for FY 2024-25 under Section 192

21 February 2025 at 08:50

The Central Board of Direct Taxes (CBDT) has released Circular No. 3/2025, detailing the income tax deduction from salaries under Section 192 of the Income Tax Act, 1961, for the financial year 2024-25.

Posted in Income Tax | 32865 Views

CBIC Introduces New Facility Allowing Accredited Importers to Store and Clear Goods at Authorized Premises

21 February 2025 at 08:47

The Central Board of Indirect Taxes and Customs (CBIC) has rolled out a new facility enabling accredited merchants to move, store, and clear imported goods directly at their authorized premises instead of congested ports.

Posted in Custom | 120 Views

RBI Launches 'RBIDATA' App for Seamless Access to Economic and Financial Data

21 February 2025 at 08:46

Reserve Bank of India launched RBIDATA, a Mobile App, that offers macroeconomic and financial statistics relating to the Indian economy in a user-friendly and visually engaging format.

Posted in Others | 168 Views