CAclubindia News

CBDT Notifies HUDCO Bonds as Long-Term Specified Asset u/s 54EC for FY 2025-26

09 April 2025 at 09:03

The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has notified bonds issued by the Housing and Urban Development Corporation Limited (HUDCO) as a 'long-term specified asset' under Section 54EC of the Income-tax Act, 1961.

Posted in Income Tax | 627 Views

CBDT Notifies New ITR-B Form for Block Assessment in Search & Seizure Cases

09 April 2025 at 09:00

CBDT has introduced a new Form ITR-B to be used for filing income tax returns for block assessments in cases arising out of search and seizure operations initiated on or after September 1, 2024.

Posted in Income Tax | 879 Views

CBDT Notifies 30th April 2025 as Last Date to File Under Vivad se Vishwas Scheme

09 April 2025 at 08:57

The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has officially notified April 30, 2025 as the last date to file a declaration under the Direct Tax Vivad se Vishwas Scheme, 2024.

Posted in Income Tax | 2373 Views

Indian CAs in High Demand Across the Globe: ICAI President

09 April 2025 at 08:35

Indian CAs are in high demand globally and many countries are looking to outsource their work to Indian CAs.

Posted in Professional Resource | 4524 Views

Parliament Passes 16 Key Bills in High-Performance Budget Session 2025

09 April 2025 at 08:35

The Budget Session, 2025 of Parliament which commenced on Friday, the 31st of January, 2025, adjourned sine-die on Friday, the 4th of April, 2025.

Posted in Union Budget | 195 Views

Over 3.24 Lakh Individuals Filed ITR for Income Above Rs 1 Crore in FY 2024-25

08 April 2025 at 08:53

In a sign of rising high-income taxpayers and improved compliance, the latest data released by the IT Dept reveals that 3.24 lakh individuals in India filed their ITRs for incomes exceeding Rs 1 crore in the financial year 2024-25, ending March 31, 2025.

Posted in Income Tax | 1128 Views

Maharashtra GST Collection Surges to Rs 2.25 Lakh Crore, Beats Revenue Target

08 April 2025 at 08:50

In a significant boost to Maharashtra's fiscal health, the state's Goods and Services Tax (GST) collection for FY 2024-25 surpassed expectations, establishing itself as the single largest contributor to state revenue.

Posted in GST | 174 Views

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 | 1557 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 | 1 comments | 10353 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 | 3984 Views