CAclubindia News

ITR Refunds for AY 2025-26 Likely to Be Delayed as IT Dept Reviews Past Tax Records

05 July 2025 at 09:13

Over 90 lakh ITRs filed so far for AY 2025-26, with 86 lakh e-verified. Tax refunds delayed as IT Department reviews past assessment records. Processing data removed from website, raising concerns among taxpayers.

Posted in Income Tax | 1 comments | 11088 Views

Tax Benefits Extended to UPS as Govt Pushes Pension Reforms

05 July 2025 at 08:46

The Government has extended NPS-equivalent tax benefits to the UPS for Central Government employees, ensuring parity, flexibility, and enhanced retirement security under the new pension framework effective from April 1, 2025.

Posted in Income Tax | 246 Views

ICAI September 2025 Exam: Online Form and Correction Window Schedule

05 July 2025 at 08:42

ICAI opens online exam forms for Foundation, Intermediate, and Final September 2025 exams. Check important dates, last date with late fee, and correction window schedule. Apply via eservices.icai.org.

Posted in Students | 6789 Views

Income Tax Dept Rolls Out "TAXASSIST" to Guide Taxpayers, Flag Errors & Ensure Compliance

04 July 2025 at 09:12

The Income Tax Department launches "TAXASSIST" to support taxpayers in resolving notices, revising returns, and correcting wrongful claims like 80GGC deductions. Avoid scrutiny.

Posted in Income Tax | 9483 Views

GST Intelligence Officer Honoured for Busting Rs 870 Crore Tax Evasion Racket

04 July 2025 at 09:12

Surajit Gogoi, Superintendent with the Directorate General of GST Intelligence (DGGI), Guwahati, has been awarded a prestigious Commendation Certificate for his outstanding role in exposing one of the largest tax evasion networks in India.

Posted in GST | 2775 Views

Rs 867 Crore Bogus Transactions Uncovered in Ludhiana GST Scam

04 July 2025 at 08:58

A massive GST fraud worth Rs 157.22 crore has been unearthed in Ludhiana, with absconding accountant Sarabjit Singh accused of creating 20 fake firms to claim bogus ITC through Rs 866.67 crore in fraudulent transactions between 2023 and 2025.

Posted in GST | 1866 Views

Form ITR-B Filing Now Enabled Online for Section 158BC Notices via e-Proceeding Tab

04 July 2025 at 08:45

Taxpayers who have received notice under Section 158BC can now submit Form ITR-B via the e-Proceeding tab on the Income Tax portal

Posted in Income Tax | 3462 Views

ICAI Launches AI-Powered Digital Workspace on 77th CA Day Celebration

04 July 2025 at 08:38

ICAI Celebrated 77th Foundation Day at Bharat Mandapam. Launched ICAI AI Agent, a next-gen, AI-powered digital workspace

Posted in Professional Resource | 1 comments | 13323 Views

Hajmola's Bitter-Sweet Battle with GST Authorities

03 July 2025 at 09:11

Dabur's iconic digestive product Hajmola is under the tax spotlight again, as the DGGI questions its classification - whether it should be taxed like a candy or as an Ayurvedic product.

Posted in GST | 2064 Views

SBI Cards Receives GST Show Cause Notice for Rs 81.93 Crore ITC Disallowance

03 July 2025 at 09:07

SBI Cards and Payment Services Ltd, India's leading pure-play credit card issuer, has received a show cause notice from the CGST Department proposing to disallow ITC worth Rs 81.93 crore, the company informed stock exchanges on Tuesday.

Posted in GST | 3858 Views