CAclubindia News
GST Reforms: Sin Goods to Stay Costly, Relief Likely for Man-Made Fabrics
19 August 2025 at 09:12While sin goods like cigarettes and gutka will remain under high tax slabs, the Centre is considering lowering GST on man-made fabrics from 12% to 5% to boost the textile sector.
CBI Arrests Mumbai Customs Officer in Rs 10.2 Lakh Bribery Case
19 August 2025 at 09:04The CBI has arrested a Superintendent of Customs posted at Mumbai's Air Cargo Complex, Sahar, for demanding and accepting a Rs 10.2 lakh bribe from a Customs House Agent to clear consignments.
GST on Automobiles Set for Major Restructuring in Upcoming Reforms
19 August 2025 at 09:00The Centre plans sweeping GST reforms, restructuring automobile taxes from the current 28% plus cess to a simplified two-slab system. The move aims to resolve classification disputes and make cars more affordable for consumers.
ICAI & ZEE Business Launch 'CA Business Leader 40 Under 40' Awards to Honour Young Chartered Accountants
19 August 2025 at 08:51The Institute of Chartered Accountants of India (ICAI), in association with ZEE Business, announces the CA Business Leader 40 Under 40 Awards to recognize young Chartered Accountants
Bombay HC Quashes Tax Notice to Wife in Rs 6.75 Crore Mumbai Property Case
18 August 2025 at 08:42A recent ruling by the Bombay High Court has provided significant relief in a joint property ownership dispute, reinforcing the principle that tax reassessments must be based on credible evidence rather than assumptions of ownership.
CBDT, CBIC Face Massive Staff Shortages Amid Push for New Tax Reforms
18 August 2025 at 08:30CBDT and CBIC face over 30,000 vacancies with 34–39% staff shortage even as India prepares for a new Income Tax law and GST reforms, says Finance Ministry.
ICAI Issues Checklist for Filing ITR-1 and ITR-4 for AY 2025-26
18 August 2025 at 08:30ICAI releases checklist for filing ITR-1 and ITR-4 for AY 2025-26 with detailed guidance on eligibility, deductions, tax computation and compliance requirements.
Income Tax Department Probes CSR-Linked Suspected Money Laundering Network
18 August 2025 at 08:29Income Tax Dept uncovers CSR-linked money laundering; companies routed funds via bogus trusts to evade tax and claim wrongful deductions.
CBDT Amends Form No. 7 to include both Assessment Year and Block Period Effective from 1st September 2025
18 August 2025 at 08:29CBDT notifies Income-tax (21st Amendment) Rules, 2025, effective September 1, revising Form No. 7 to include “block period” along with “assessment year.”
ICAI Welcomes New Income Tax Bill for Promoting Investment and Simplifying Tax Regime
16 August 2025 at 08:58ICAI has welcomed the new Income Tax Bill, effective April 1, 2026, calling it a simpler, clearer framework that incorporates 90 of its suggestions to boost ease of doing business and attract investment.
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