Issue of Rs 20 Denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Sanjay Malhotra, Governor The Reserve Bank of India will shortly issue Rs 20 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Sanjay Malhotra, Governor. The design …
The Central Board of Indirect Taxes and Customs (CBIC) has issued Instruction No. 10/2025-Customs dated May 13, 2025, introducing revised formats for filing Arrest Reports and Incident Reports under Customs law. The revised guidelines now make it mandatory to include the DIGIT ID in both types of reports. The updated formats are provided in Annexure-I (Arrest Report) and Annexure-II …
In a relief to GST filers, the Goods and Services Tax Network (GSTN) has announced that Table 3.2 of Form GSTR-3B will remain editable for the time being, contrary to the earlier advisory that proposed making it non-editable starting April 2025. The earlier advisory, dated April …
The Directorate of Enforcement (ED) on Saturday presented traders Shiv Kumar Deora, Mohit Deora, and Amit Gupta before the Special Prevention of Money Laundering Act (PMLA) court in connection with a massive Rs 800 crore GST fraud. The trio, arrested from Kolkata after extensive questioning on …
The Institute of Chartered Accountants of India (ICAI) has officially resumed the Self-Paced Online Module (SPOM) Examinations. This announcement supersedes the earlier notification dated May 9, 2025, which had postponed the exams due to security concerns. As per the latest update released by CA Anand Kumar …
The Institute of Chartered Accountants of India (ICAI), the world’s largest accounting body, set up by an Act of Parliament under the Chartered Accountants Act, 1949 for the regulation and development of the profession of Chartered Accountancy in India, has extended its support to the Government …
The Institute of Chartered Accountants of India (ICAI) has officially revised the examination schedule for the CA Final, Intermediate, and International Taxation – Assessment Test (INTT-AT) for May 2025. This announcement comes following significant improvements in the national security situation, which had earlier led to postponements. …
In a significant move aimed at streamlining corporate tax filings, the Central Board of Direct Taxes (CBDT) has notified the amended ITR-6 form applicable for companies for the Assessment Year (AY) 2025-26. The notification was published in the Gazette of India as Notification No. 44/2025 dated …
In a major push to expedite tax dispute resolution and unlock substantial revenue, the Income Tax Department has set a bold target of disposing over 200,000 appeals in FY26. These cases, currently pending at the Commissioner of Income Tax (Appeals) level, involve a cumulative disputed amount …
In a major crackdown on electoral tax abuse, the Income Tax Department has recovered Rs 1,400 crore from over 63,000 individuals who evaded taxes by falsely claiming deductions for donations made to registered unrecognised political parties (RUPPs) during the financial years 2022-23 and 2023-24. According to official sources, more than Rs …
