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ICAI Convocation February 2025: Schedule and Key Details Announced
18 January 2025 at 07:53The Institute of Chartered Accountants of India (ICAI) has announced the schedule for its Convocation in February 2025.
Union Budget 2025: Insurance Industry Seeks Reforms, Tax Incentives and Capital Infusion for Growth
17 January 2025 at 09:01The insurance sector is eagerly anticipating the Union Budget 2025, with expectations of significant amendments to the Insurance Act and key tax exemptions aimed at boosting health and protection insurance adoption.
CREDAI Seeks 15% Income Tax for Affordable Housing in Budget 2025
17 January 2025 at 08:55The Confederation of Real Estate Developers' Associations of India (CREDAI), representing over 13,000 developers, has urged the government to introduce a fixed 15% income tax rate for affordable housing projects in the upcoming Union Budget 2025.
RBI Announces Daily Variable Rate Repo (VRR) Auctions to Manage Liquidity
16 January 2025 at 08:54In a significant move to manage liquidity in the banking system, the Reserve Bank of India (RBI) has decided to conduct Variable Rate Repo (VRR) auctions on all working days in Mumbai.
ICAI to host World Forum of Accountants 2025 in New Delhi
16 January 2025 at 08:51More than 8000 Delegates from over 40+ Countries congregate at the Biggest Accounting Festival in India3 Day Event, over 150+ globally renowned speakers will deliberate on 40 + insightful sessions The Institute of Chartered Accountants of India (ICAI
Income Tax Department Empowered to Attach Assets Under Anti-Benami Law Even Without Identifying Beneficial Owner
16 January 2025 at 08:50In a significant ruling dated November 26, 2024, the Adjudicating Authority under the PBPT Act, 1988, upheld the Income Tax Department's power to attach assets under the anti-benami law, even if the actual owner of such properties remains unidentified.
Commercial Tax Department Tightens Vigilance on Fake GST Credit Claims
16 January 2025 at 08:50In response to the increasing cases of fake GST credit claims, the commercial tax department has introduced proactive measures to curb fraud at its roots.
Income Tax Department Cracks Down on Tax Evasion in Educational Institutions
16 January 2025 at 08:50The Income Tax Department has intensified its crackdown on tax evasion within the education sector, conducting nationwide surveys targeting schools suspected of financial irregularities.
GSTAT Setup Delayed: Tribunals May Take Another Six Months to Become Operational
16 January 2025 at 08:49According to a report, the much-awaited Goods and Services Tax Appellate Tribunals (GSTAT) might not be functional until mid-2025, as delays in state-level appointments and infrastructure allocation persist.
CBDT Approves Central Power Research Institute for Tax Benefits under Income Tax Act, 1961
16 January 2025 at 08:49In a significant move, the Central Government has granted approval to the Central Power Research Institute (CPRI), Bengaluru, under the category of "Research Association" for "Scientific Research" as per Section 35(1)(ii) of the Income Tax Act, 1961.
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