CAclubindia News


RBI and NCFE Launched Nationwide Campaigns to Boost Financial Literacy

   12 March 2025 at 08:58

NCFE Conducts 54 Financial Education Programs in North East under National Strategy for Financial Education (NSFE), empowers diverse segments

Posted in Others |   108 Views


Digital Payment Transactions Surge With Over 18,000 Crore Transactions in 2024-25

   12 March 2025 at 08:57

RBI, NPCI Launch Awareness Campaigns and AI-Based Solutions to Prevent Financial Cybercrimes

Posted in Others |   111 Views


Govt Boosts MSME Credit Access: Loans Up to Rs 25 Lakh Approved in 14 Days

   12 March 2025 at 08:56

Government has taken several measures to increase credit access and finance for MSMEsFor loans up to ₹25 lakh for Micro and Small Enterprises (MSE) borrowers, credit decisions within 14 working days by the banks

Posted in Corporate Law |   231 Views


Bombay High Court Directs RBI to Accept Rs 20 Lakh in Old Demonetised Notes Seized During IT Raid

   12 March 2025 at 08:54

The Bombay High Court has directed the RBI to accept Rs 20 lakh in old demonetised Rs 500 and Rs 1000 currency notes that were confiscated from a group of Kolhapur residents during an Income Tax raid on December 26, 2016

Posted in Income Tax |   2049 Views


RBI to Issue New Rs 100 and Rs 200 Banknotes Bearing Governor Sanjay Malhotra's Signature

   12 March 2025 at 08:54

The Reserve Bank of India will shortly issue ₹100 and ₹200 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Sanjay Malhotra, Governor.

Posted in Others |   99 Views


Shah Rukh Khan Wins Tax Case: ITAT Rules in Favor of Foreign Tax Credit Claim

   11 March 2025 at 09:05

Bollywood superstar Shah Rukh Khan has secured a significant legal victory in a long-standing income tax dispute. The Income Tax Appellate Tribunal (ITAT) ruled in his favor, dismissing reassessment proceedings related to his 2011-12 income, specific

Posted in Income Tax |   2148 Views


Income Tax Department Invites Suggestions for Simplification of Tax Rules and Forms

   11 March 2025 at 09:00

In a move to enhance efficiency and ease of compliance, the Income Tax Department has launched a dedicated initiative to simplify income tax rules and forms.

Posted in Income Tax |   2088 Views


FM Sitharaman Hints at Major GST Rate Cut

   10 March 2025 at 08:58

In a significant policy development, Finance Minister Nirmala Sitharaman has hinted at an upcoming reduction in GST rates while remaining non-committal on potential changes to capital gains tax.

Posted in GST |   2988 Views


ICAI Seeks Simplification of Income Tax Bill 2025, Recommends Fewer Sections and Clarity in Language

   10 March 2025 at 08:57

The Institute of Chartered Accountants of India (ICAI) has submitted its recommendations to the Lok Sabha select committee currently reviewing the Income Tax Bill, 2025.

Posted in Income Tax |   3690 Views


India Needs Taxpayer-Friendly Reforms, Not Just Enforcement

   08 March 2025 at 08:42

India's long-standing struggle between taxpayers and the tax office was supposed to end this year with the introduction of a new income tax law aimed at simplifying compliance and improving relations between the government and taxpayers.

Posted in Income Tax |   327 Views