CAclubindia News
Income Tax Department Raids Sri Chaitanya Group Over Alleged Rs 230 Crore Tax Fraud
18 March 2025 at 08:49The Income Tax Department on Saturday wrapped up a five-day search operation on the Sri Chaitanya group of educational institutions, spanning Hyderabad, Vijayawada, Chennai, Bengaluru and Mumbai.
GST Registration in UP: Biometric Aadhaar Authentication & Document Verification Made Mandatory
17 March 2025 at 08:35Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Uttar Pradesh
CBDT Clarifies Application of Principal Purpose Test in DTAAs
17 March 2025 at 08:34In a significant move to provide clarity on the implementation of tax treaties, the CBDT has issued Circular 01/2025, emphasizing the application of the Principal Purpose Test (PPT) under India's Double Taxation Avoidance Agreements (DTAAs).
Income Tax Department Cracks Down on Dubious Political Donations
17 March 2025 at 08:34The Income Tax (IT) department has launched a major crackdown on suspicious political donations, issuing hundreds of notices to individuals who contributed over ₹5 lakh to lesser-known political parties in the financial year 2020-21.
Income Tax Officer Caught in Bribery Case Over PAN Card Cancellation Delay
17 March 2025 at 08:34In yet another case of corruption within the Income Tax Department, a complaint has been filed against an IT officer in Jalgaon for demanding a bribe to process the cancellation of a newly issued PAN card.
Income Tax Officer Caught Taking Bribe, Posed as Another Officer to Extort Elderly Taxpayer
17 March 2025 at 08:33In a shocking case of corruption, the Central Bureau of Investigation (CBI) caught an Income Tax officer red-handed while accepting a bribe of ₹50,000 from a 62-year-old taxpayer.
Daily Wage Worker Gets Rs 22.86 Lakh GST Demand Notice
15 March 2025 at 08:22In a shocking turn of events, a daily wage laborer in Kothagudem has received a recovery notice for Rs 22.86 lakh in pending GST dues, highlighting potential lapses in the tax system's verification processes.
New Income Tax Bill Under Review: Parliamentary Panel Holds Key Discussions
15 March 2025 at 08:14A select committee of Parliament convened to discuss the provisions of the proposed New Income Tax Bill, a key reform initiative aimed at overhauling India's direct tax structure.
No Direct Revenue Impact Expected from IT Bill, Clarifies MoS Finance
14 March 2025 at 09:02The recently introduced Income-tax Bill, 2025, in the Lok Sabha is designed to streamline India's tax framework but is not expected to have an immediate impact on revenue collection, according to Minister of State for Finance Pankaj Chaudhary.
IT Department Uses Satellite Imagery to Crack Down on Dubious Agricultural Income Claims
14 March 2025 at 09:02In a major tax crackdown, the Income Tax (I-T) Department has uncovered discrepancies in agricultural income declarations using satellite imagery.
Popular News
- CBDT Amends Tax Audit Report (Form 3CD) with Key Changes Effective 1st April 2025
- Section 194T Introduced: TDS on Payments to Partners Now Mandatory
- MCA Mandates Half-Yearly Return for Companies Delaying Payments to MSMEs
- CBIC Issues Circular Clarifying GST Section 128A Benefits & Appeal Withdrawal Rules
- ITAT Mumbai Rules: No Capital Gains Tax on Co-Owner Without Beneficial Interest
CAclubindia
