CAclubindia News


Advisory Issued for Biometric Aadhaar Verification for GST Registration in Rajasthan

   09 January 2025 at 08:49

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Rajasthan

Posted in GST |   357 Views


RBI Releases Draft Formats of Financial Statements of Co-operative Banks

   09 January 2025 at 08:49

The Reserve Bank of India (RBI) has initiated a significant update to the financial reporting formats for co-operative banks under Section 29, read with Section 56 of the Banking Regulation Act, 1949.

Posted in Others |   2268 Views


Gaming Industry Seeks Supreme Court's Intervention Against Massive GST Demands

   08 January 2025 at 09:12

The online money gaming industry in India is under immense pressure as companies face tax demands that exceed their total revenue.

Posted in GST |   687 Views


GST Portal Enables Taxpayers to File Rectification Applications for ITC Demand Orders u/s 73/74

   08 January 2025 at 09:07

A functionality has now been made available on the Portal for taxpayers to file an application for rectification of such orders issued under section 73/74.

Posted in GST |   5433 Views


Mutual Fund Industry Seeks Restoration of Indexation Benefit for Debt Funds in Budget FY26

   08 January 2025 at 09:00

The mutual fund (MF) industry is hopeful that the government may restore the indexation benefit for computing capital gains on the sale of debt-oriented funds. ..

Posted in Union Budget |   1269 Views


Trade Unions Demand Super-Rich Tax and Social Security Reforms in Pre-Budget Meeting

   08 January 2025 at 09:00

In a pre-budget consultation with Union Finance Minister Nirmala Sitharaman on Monday, trade union leaders advocated for critical tax reforms and enhanced social security measures, particularly for informal sector workers.

Posted in Union Budget |   1470 Views


Insurance Industry Seeks Key Tax Reliefs and GST Reduction in Upcoming Budget

   08 January 2025 at 09:00

The insurance industry has put forth significant demands ahead of the Union Budget, focusing on easing tax burdens and improving insurance accessibility for the public.

Posted in Union Budget |   531 Views


Income Tax Department Releases Updated Excel-Based Utility for ITR-2 and ITR-3

   07 January 2025 at 09:09

The Income Tax Department has released the latest Excel-based Utility Version 1.8 for filing Income Tax Returns (ITR-2 and ITR-3), ensuring a smoother and more efficient e-filing process for taxpayers.

Posted in Income Tax |   2412 Views


Delhi Police Warns Personnel Against Filing Bogus Income Tax Returns

   07 January 2025 at 09:03

The Delhi Police General Administration (GA) Department has issued a strict directive to its personnel, cautioning them against filing fraudulent income tax (IT) returns by claiming fake deductions.

Posted in Income Tax |   3795 Views


Ministry of Finance Designates Nodal Officer for IT Act and GST Compliance u/s 14A(3)

   07 January 2025 at 09:00

In a significant development aimed at strengthening coordination between IT and GST frameworks, the Ministry of Finance has issued Notification S.O. 95(E), designating the Additional/Joint Director (Intelligence)

Posted in GST |   816 Views