CAclubindia News
FM Sitharaman to Push for Faster Tax Refunds, Flags Delay in GST Probes by DGGI
16 June 2025 at 09:01FM is set to take a firm stance on long-pending tax refund delays and extended investigations by GST authorities in two crucial meetings scheduled this month with top officials from the CBIC and CBDT.
FM Sitharaman to Hold High-Level GST, Income Tax and Customs Review Meetings This June
16 June 2025 at 09:00Finance Minister Nirmala Sitharaman is scheduled to hold a series of high-level review meetings with top officials from the CBIC, CBDT and Customs Departments between June 19 and June 30.
CBDT Notifies Fresh Guidelines for Compulsory Scrutiny of Income Tax Returns for FY 2025-26
14 June 2025 at 14:26The Central Board of Direct Taxes (CBDT) has issued comprehensive guidelines for the compulsory selection of income tax returns (ITRs) for complete scrutiny during Financial Year 2025-26.
CBDT Issues Notices Over Crypto Tax Evasion: Section 115BBH Violations Under Scanner
14 June 2025 at 09:24The Central Board of Direct Taxes (CBDT) has intensified its scrutiny of cryptocurrency-linked tax evasion and income laundering, with a new data-driven initiative targeting individuals and entities engaged in Virtual Digital Asset (VDA) transactions
No MDR on UPI Transactions: Finance Ministry Dismisses Media Reports as Baseless and Misleading
14 June 2025 at 09:20The Union Finance Ministry has strongly denied reports suggesting that the government is planning to impose a Merchant Discount Rate (MDR) on large-value Unified Payments Interface (UPI) transactions
Iron Trader Arrested for Rs 26 Crore GST Fraud Involving 10 Fake Firms
14 June 2025 at 09:17The State Goods and Services Tax (SGST) department has arrested a 32-year-old iron trader from Raipur for orchestrating a massive fake input tax credit (ITC) scam, leading to a loss of Rs 26 crore to the exchequer.
Air India Crash: Tata Group's Rs 1 Crore Ex-Gratia Payment Likely Exempt from Income Tax
13 June 2025 at 10:48Tata Group offers Rs 1 crore compensation per victim's family after AI171 crash. Tax-exempt ex-gratia under Indian law. Nation mourns 242 lives lost.
RBI Issues Revised Guidelines for Inoperative Accounts and Unclaimed Bank Deposits
13 June 2025 at 09:23The Reserve Bank of India (RBI) has issued the Revised Instructions (Amendment), 2025 under the Inoperative Accounts/ Unclaimed Deposits in Banks guidelines.
FM Leads FSDC Meeting to Push for Refund of Unclaimed Deposits and Simplified KYC Norms
13 June 2025 at 09:20Union Finance Minister exhorts FSDC to further take proactive steps for seamless KYC processes across the financial sector to enhance user experience
CBDT Notifies Zero-Coupon Bond Issued by NABARD Worth Rs 19,500 Crore for Income Tax Purposes
13 June 2025 at 09:19CBDT has officially notified a zero-coupon bond issued by the National Bank for Agriculture and Rural Development (NABARD) under clause (48) of Section 2 of the Income-tax Act, 1961.
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