CAclubindia News

RBI Launches Verified WhatsApp Channel for Public Awareness

07 April 2025 at 08:33

The RBI is now further expanding its outreach by adding WhatsApp as an additional means to deliver public awareness messages.

Posted in Others | 93 Views

Rs 30 Crore IT Notice to Mathura Farmer Exposes PAN Card Misuse in UP

07 April 2025 at 08:29

Low-income workers across Uttar Pradesh targeted in massive identity theft scamIn a shocking revelation that has sent ripples across Uttar Pradesh, a farmer from Mathura has been served an Income Tax notice amounting to ₹30 crore.

Posted in Income Tax | 204 Views

MCA Invites Suggestions on Amendments to Ease Fast Track Mergers Under Companies Act 2013

07 April 2025 at 08:28

MCA invites public comments on proposed amendment in the Rules to widen the scope of fast track mergers under Companies Act, 2013Section 233 of the Companies Act 2013

Posted in Corporate Law | 99 Views

CBDT Notifies Exemption from TDS on NSS Withdrawals Under Section 194EE

07 April 2025 at 08:28

In a move that brings relief to individual investors, the Central Board of Direct Taxes (CBDT) has notified that no Tax Deducted at Source (TDS) shall be applicable on certain withdrawals from the National Savings Scheme (NSS).

Posted in Income Tax | 615 Views

No Charges for Updating PPF Nominee Details, Announces FM Sitharaman

05 April 2025 at 09:12

In a significant relief for millions of Public Provident Fund (PPF) account holders, the Union Government has announced that no charges will be levied by financial institutions for updating or modifying nominee details in PPF accounts.

Posted in Others | 1161 Views

Taxpayers, CAs File Appeals Against IT Notices Over Section 87A Rebate Claims

05 April 2025 at 09:05

The long-standing confusion surrounding Section 87A rebate claims has reared its head again. Despite revising their income tax returns (ITRs) in January 2025 as per the Bombay High Court's directive

Posted in Income Tax | 1 comments | 20766 Views

GSTN Issues Advisory on Case Sensitivity in IRN Generation

05 April 2025 at 08:51

In a move to enhance consistency and reduce duplication in e-invoicing, the Invoice Registration Portal (IRP) will treat invoice or document numbers as case-insensitive for the purpose of IRN generation, starting June 1, 2025.

Posted in GST | 2 comments | 2418 Views

CBDT Mandates PAN-Aadhaar Linking by Dec 31, 2025 for Pre-October 2024 Applicants

05 April 2025 at 08:50

CBDT has issued a fresh notification mandating that individuals who were allotted a PAN based on their Aadhaar Enrolment ID before October 1, 2024, must update their Aadhaar number with the Income Tax Department by December 31, 2025.

Posted in Income Tax | 2847 Views

ICAI Releases CA Final Eligibility, SPOM Criteria for September 2025 & January 2026 Exams

04 April 2025 at 16:14

The Institute of Chartered Accountants of India (ICAI) has released important updates regarding the Chartered Accountants Final Examinations scheduled for September 2025 and January 2026

Posted in Students | 31746 Views

Income Tax Department Enables Rectification Applications for AY 2023-24 via E-Filing Portal

04 April 2025 at 08:52

In a significant move to streamline the ITR rectification process, the Income Tax Department has enabled taxpayers to file rectification applications before an AO for up to AY 2023-24 (Financial Year 2022-23) through the e-filing portal.

Posted in Income Tax | 2 comments | 11091 Views