CAclubindia News
Black Money Act: Govt Raises Rs 35,105 Crore in Tax Demands, Recovers Only Rs 338 Crore
24 July 2025 at 09:16The Finance Ministry informed Parliament that Rs 35,105 crore in tax and penalties have been raised under the Black Money Act, 2015, but only Rs 338 crore has been recovered so far.
1 in 5 GST Taxpayers is a Woman, Says SBI Report
24 July 2025 at 09:04SBI research report reveals that women now make up 20% of GST-registered taxpayers, 15% of income tax filers, and hold 40% of bank deposits, underscoring their growing role in India's formal economy.
Gameskraft Case: Supreme Court Hears Final Arguments on 28% GST on Casinos and Online Gaming
24 July 2025 at 08:52The Supreme Court resumed hearings on the legality of 28% GST on online gaming and casinos, with senior advocates challenging Rule 31A and the taxation of face value of bets as ultra vires the CGST Act.
Centre Waived Rs 99,000 Crore in Corporate Taxes in FY24: Govt Tells Rajya Sabha
24 July 2025 at 08:50The Centre waived Rs 98,999 crore in corporate tax revenue in FY 2023-24, continuing its policy of incentivizing businesses through lower tax rates and deductions, Minister of State for Finance Pankaj Chaudhary informed Parliament.
Income Tax Bill 2025: Parliamentary Panel Retains Powers for Tax Officials to Access Social Media and Emails
23 July 2025 at 09:27The Parliamentary panel reviewing the Income Tax Bill, 2025 has retained provisions allowing tax officials to access social media and email accounts during searches. Stakeholder concerns over privacy were dismissed. Read full details.
Income Tax Bill 2025: Panel Recommends No Penalty for Late TDS Refund Claims
23 July 2025 at 09:21Parliamentary panel recommends changes to the Income Tax Bill, 2025, including allowing late TDS refund claims and exempting anonymous donations to religious-cum-charitable trusts.
CBIC Warns Taxpayers About Fake GST Violation Notices Circulating Online
23 July 2025 at 09:14CBIC warns taxpayers about a fake GST violation notice scam. Learn how to spot fraudulent documents, verify DINs, and protect yourself from cybercrime. Call 1030 or visit cybercrime.gov.in to report suspicious activity.
Karnataka Vegetable Vendor Gets Rs 29 Lakh GST Notice Over UPI Payments
23 July 2025 at 09:07A vegetable seller in Karnataka received a Rs 29 lakh GST notice for UPI payments worth Rs 1.63 crore. Small vendors now shift back to cash amid rising tax scrutiny on digital transactions.
Offline Utility for ITR-2 for AY 2025-26 Now Available for Filing
23 July 2025 at 08:56Download the offline utility for ITR-2 for AY 2025-26. File income tax returns easily for capital gains, foreign assets, and more. Now available on the portal.
ICAI Invites Expressions of Interest for Empanelment of Reviewers and Subject Experts for CA Course Study Material
23 July 2025 at 08:49ICAI's Board of Studies invites Expressions of Interest from qualified professionals for empanelment as reviewers and subject experts to develop and review CA Study Material. Apply by July 30, 2025.
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