CAclubindia News
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.
GST Council Likely to Approve 5% and 18% Two-Slab Structure: Big Reforms Coming by Diwali
16 August 2025 at 08:57The GST Council may finalise next-gen reforms in its September-October meeting, including a two-slab structure of 5% and 18%, a 40% sin tax, faster refunds, and pre-filled returns to ease compliance.
GST System to Align AATO Figures on NIC e-Invoice Portals from 1st September 2025
16 August 2025 at 08:38From September 1, 2025, NIC e-Invoice portals will display Aggregate Annual Turnover (AATO) data aligned with GST system records. Taxpayers can report discrepancies via the GST Grievance Redressal Portal or Helpdesk.
From Zero Tax to 40,000 Compliance Cuts: PM Modi Outlines Decade of Transformation on 79th Independence Day
16 August 2025 at 08:38On India’s 79th Independence Day, PM Modi announced sweeping reforms to build a self-reliant, citizen-friendly nation.
PM Modi Announces Next-Gen GST Reforms to Boost Economy and Ease of Living
16 August 2025 at 08:37On the 79th Independence Day, PM Narendra Modi announced plans for next-generation GST reforms focusing on structural changes, rate rationalisation, and ease of living to benefit the common man, farmers, MSMEs and key economic sectors
Popular News
- Maintenance of Books of Accounts Under Income Tax Act, 2025
- Income from House Property Under Income Tax Act 2025
- HUF Tax Rules 2026: New Tax Regime Slabs, Surcharge and Partition Provisions
- Doctor Pays Rs 58 Crore in Tax on Rs 149 Crore Income, Sparks Debate Over Taxpayer Value
- Income from Other Sources Under Income Tax Act 2025: Key Rules, Taxable Incomes and Deductions
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
