CAclubindia News

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 | 852 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 | 2007 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 | 1539 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 | 2160 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 | 23685 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 | 9438 Views

GST Collections in UP Reach Rs 10,000 Crore in March, Fueled by Maha Kumbh

04 April 2025 at 08:49

Uttar Pradesh's Goods and Services Tax (GST) collections reached an impressive Rs 10,000 crore in March, marking an 11-month high, according to government data released on Tuesday. sive attenda

Posted in GST | 1434 Views

No Cut in Capital Expenditure, Claims FM Nirmala Sitharaman

04 April 2025 at 08:44

On Tuesday, Finance Minister Nirmala Sitharaman firmly responded to former Finance Minister P Chidambaram's criticism regarding capital expenditure (capex), stating that there has been no reduction in the central government's capex.

Posted in Income Tax | 1146 Views

CBDT Recovers Rs 92,400 Crore in Outstanding Tax for FY 2024-25

03 April 2025 at 08:48

CBDT has successfully recovered ₹92,400 crore in outstanding tax liabilities in the ongoing financial year (2024-25) up to March 15, according to sources familiar with the matter.

Posted in Income Tax | 1800 Views

DFS Secretary Leads Meeting on Revamping Central KYC Records and Addressing KYC Challenge

03 April 2025 at 08:34

Secretary, DFS chaired a meeting at Manthan, DFS to discuss the revamp of the Central KYC Records Registry (CKYCR) and key issues related to KYC compliance with the objective of making life of citizen comfortable while availing Financial Services

Posted in Others | 63 Views