CAclubindia News
No Direct Revenue Impact Expected from IT Bill, Clarifies MoS Finance
14 March 2025 at 09:02The recently introduced Income-tax Bill, 2025, in the Lok Sabha is designed to streamline India's tax framework but is not expected to have an immediate impact on revenue collection, according to Minister of State for Finance Pankaj Chaudhary.
IT Department Uses Satellite Imagery to Crack Down on Dubious Agricultural Income Claims
14 March 2025 at 09:02In a major tax crackdown, the Income Tax (I-T) Department has uncovered discrepancies in agricultural income declarations using satellite imagery.
Finance Ministry: 158 GST Cases Registered Against Gaming Firms for Rs 1.53 Lakh Crore
14 March 2025 at 09:02The Finance Ministry informed the Rajya Sabha on Tuesday that 158 cases involving Goods and Services Tax (GST) dues totaling ₹1.53 lakh crore have been registered till January 2025.
CBIC Seeks Proposals for Reorganising CGST Commissionerates: Deadline 31st March 2025
13 March 2025 at 08:49The Central Board of Indirect Taxes and Customs (CBIC) has initiated a comprehensive assessment of the territorial jurisdiction of Central Tax Commissionerates across all Central Tax Zones.
Top 5 Industrial States Contribute 72% of Direct Taxes
13 March 2025 at 08:48The top five industrial states of India - Maharashtra, Karnataka, Delhi, Tamil Nadu and Gujarat collectively contributed more than 72% of the direct taxes and 53% of Central GST in FY 2023-24, according to data tabled in Parliament on Monday.
Personal Income Tax Collections Rise to 3.5% of GDP in FY24
13 March 2025 at 08:47The Finance Ministry informed the Lok Sabha on Monday that personal income tax (PIT) collection as a percentage of GDP surged by 140 basis points in the last decade, reaching 3.5% in FY 2023-24, up from 2.1% in FY 2014-15.
RBI and NCFE Launched Nationwide Campaigns to Boost Financial Literacy
12 March 2025 at 08:58NCFE Conducts 54 Financial Education Programs in North East under National Strategy for Financial Education (NSFE), empowers diverse segments
Digital Payment Transactions Surge With Over 18,000 Crore Transactions in 2024-25
12 March 2025 at 08:57RBI, NPCI Launch Awareness Campaigns and AI-Based Solutions to Prevent Financial Cybercrimes
Govt Boosts MSME Credit Access: Loans Up to Rs 25 Lakh Approved in 14 Days
12 March 2025 at 08:56Government 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
Bombay High Court Directs RBI to Accept Rs 20 Lakh in Old Demonetised Notes Seized During IT Raid
12 March 2025 at 08:54The 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
Popular News
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- GST Council Reconstitutes GoM with Revised Mandate to Analyze GST Revenue Trends
- CBIC Seeks Proposals for Reorganising CGST Commissionerates: Deadline 31st March 2025
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