CAclubindia News


Income Tax Inspector Under CBI Lens for Alleged Bribery in DIT Relief Processing

   13 January 2025 at 08:46

The Central Bureau of Investigation (CBI) has launched an investigation into allegations of corruption involving an income tax inspector from the International Taxation Circle, Mumbai, and an employee of a private shipping company.

Posted in Income Tax |   1734 Views


Simplified Income-Tax Act Set to Launch in Budget 2025

   13 January 2025 at 08:46

The much-anticipated overhaul of the Income-Tax Act, 1961, is likely to be presented during the Budget session of Parliament on February 1, 2025.

Posted in Income Tax |   2217 Views


Garment Trade Associations Unite to Urge GoM Against GST Rate Revision

   13 January 2025 at 08:46

In a landmark meeting, the CMAI, along with 14 prominent garment trade associations across India, joined forces under the banner of "One Industry, One Voice" to address pressing challenges facing the garment sector.

Posted in GST |   240 Views


Budget 2025: EV Industry Seeks GST Simplification and Incentives

   13 January 2025 at 08:46

As Union Budget 2025 approaches, the electric vehicle (EV) industry has high hopes for policy changes to accelerate India's EV adoption and manufacturing capabilities.

Posted in Union Budget |   1434 Views


NRAI Urges Govt Support to Boost India's Restaurant Industry in Union Budget 2025-26

   11 January 2025 at 09:01

The National Restaurant Association of India (NRAI) has appealed to FM Nirmala Sitharaman to include targeted reforms and incentives for the restaurant sector in the Union Budget 2025-26.

Posted in Union Budget |   351 Views


Union Budget 2025-26: CII Recommends 25% Hike in Public Capex and Tax Relief for Middle Class

   11 January 2025 at 08:59

The Confederation of Indian Industry (CII) has urged the Union government to increase capital expenditure by 25% in FY26 while adhering to the fiscal glide path.

Posted in Union Budget |   354 Views


GSTR-5, GSTR-6, GSTR-7 & GSTR-8 Filing Deadlines for Dec 2024 Extended

   11 January 2025 at 08:58

In a series of notifications issued on January 10, 2025, the Central Board of Indirect Taxes and Customs (CBIC) announced extensions for various Goods and Services Tax (GST) compliance deadlines for the month of December 2024.

Posted in GST |   6411 Views


Budget 2025: Experts Push for GST Reduction and Higher Tax Deductions on Insurance

   11 January 2025 at 08:57

The Indian insurance sector stands at a transformative juncture as the Union Budget 2025 approaches. Experts believe targeted reforms could significantly enhance insurance penetration, driving India closer to the vision of "Insurance for All" by 2047

Posted in Union Budget |   1368 Views


GSTR-1 & GSTR-3B Filing Deadlines for Dec 2024 Extended

   10 January 2025 at 19:31

In a move aimed at easing compliance for taxpayers, the Central Board of Indirect Taxes and Customs (CBIC) has issued two new notifications on January 10, 2025, extending the deadlines for filing key GST returns for the tax period ending Dec 2024

Posted in GST |   34893 Views


IT Department Releases Common Offline Utility for Filing ITR 1 to ITR 4 for AY 2024-25

   10 January 2025 at 09:08

The Income Tax Department has rolled out the latest versions of its Common Offline Utility for filing Income Tax Returns (ITR) 1, 2, 3, and 4 for the Assessment Year (AY) 2024-25.

Posted in Income Tax |   849 Views