CAclubindia News

RBI Issues New Guidelines: Minors Above 10 years Can Now Operate Bank Accounts Independently

22 April 2025 at 08:38

Reserve Bank of India has issued guidelines in the past to banks on opening of and operations in the deposit accounts of minors.

Posted in Others | 1719 Views

ICAI Signs MoU with CAG to Boost Capacity of PSU Audit Officers

22 April 2025 at 08:30

ICAI and CAG Join Hands to Strengthen Capacity of PSUs Audit Officers

Posted in Audit | 1599 Views

UAE-Based NRI Gets Rs 2.84 Crore GST Notice for Fake Firm, Alleges PAN Misuse

22 April 2025 at 08:29

In a shocking case of identity theft and alleged GST fraud, a 48-year-old NRI employed in an aviation consultancy firm in the UAE has filed a police complaint after receiving a GST demand notice of Rs 2.84 crore from the Income Tax Department

Posted in GST | 192 Views

GST Fraud of Over Rs 100 Crore Busted: Commerce Graduate Arrested

21 April 2025 at 08:35

In a major crackdown on tax evasion, the CGST department has unearthed a massive GST fraud of over Rs 100 crore, operated through a network of fake companies from a single shop located in a Faridabad mall.

Posted in GST | 1 comments | 3474 Views

Form 10AB Filing Activated: Charitable Trusts Can Now Seek Section 12A Relief

21 April 2025 at 08:26

In a significant relief to charitable and religious institutions, the Income Tax Department has now enabled the filing of condonation requests through Form 10AB on the e-filing portal.

Posted in Income Tax | 2808 Views

MCA Notifies Election Tribunal for ICAI Council Poll Disputes Held in Dec 2024

21 April 2025 at 08:25

The Ministry of Corporate Affairs (MCA) has officially constituted an Election Tribunal to resolve disputes arising from the Council elections of the Institute of Chartered Accountants of India (ICAI) held in December 2024.

Posted in Corporate Law | 528 Views

Income Tax Dept Clarifies Tax Exemption Rules for DPIIT-Recognised Startups

21 April 2025 at 08:25

In a significant clarification aimed at fostering ease of doing business, the Income Tax Department on Friday reiterated that DPIIT-recognised startups are eligible for multiple tax exemptions

Posted in Income Tax | 1374 Views

ICAI Suspends Two CAs for Professional Misconduct in Separate Disciplinary Cases

19 April 2025 at 08:03

ICAI suspends CA Praveen Murarka and CA Subhash Chander Sharma for professional misconduct, reinforcing its commitment to ethical standards and disciplinary action within the profession.

Posted in Professional Resource | 15051 Views

Income Tax Dept Probes Startups on Foreign Funds from Singapore

19 April 2025 at 07:22

In a significant move that could impact India's thriving startup ecosystem, the Income Tax Department has issued show cause notices to multiple startups regarding foreign investments routed through Singapore over the past five years.

Posted in Income Tax | 1221 Views

Tea Stall Worker in Gujarat Shocked After Receiving Rs 115 Crore Income Tax Notice

19 April 2025 at 07:22

As the financial year nears its end and salaried professionals across India gear up for tax filings, an unusual and baffling incident has emerged from Gujarat. ..

Posted in Income Tax | 321 Views