The Central Board of Direct Taxes (CBDT), under the Ministry of Finance, has officially notified a revised Income Tax Return (ITR) Form ITR-2 applicable for the Assessment Year (AY) 2025-26. The changes, published via Notification No. 43/2025 dated May 3, 2025, in the Gazette of India, are …
The Examination Department of the Institute of Chartered Accountants of India (ICAI) has issued an important notification inviting observations from candidates regarding the question papers of the CA Final, Intermediate, Foundation, and Post Qualification Course – INTT-AT examinations conducted in May 2025. Official copy of the …
Delhi Chief Minister Rekha Gupta on Saturday underscored the urgent need to make the GST system “faceless” and transparent to reduce harassment and improve compliance. Speaking at the third Accounting Standard Day organised by the Institute of Chartered Accountants of India (ICAI), Gupta revealed that GST dues …
The Institute of Chartered Accountants of India (ICAI), the apex body for Chartered Accountants in the country, will conduct a comprehensive assessment of the financial implications of the proposed ‘One Nation, One Election‘ (ONOE) reform. The move is expected to aid the 39-member Joint Parliamentary Committee currently …
In a bold move to curb black money and strengthen the formal economy, the Central Board of Direct Taxes (CBDT) has unveiled an aggressive action plan for the fiscal year 2025-26. According to sources, the board has set an ambitious target of unearthing Rs 2.4 lakh crore in …
In a major crackdown on corruption, the Lokayukta police arrested a commercial taxes department inspector, Nijanandamurthy M.R., for allegedly accepting a ₹20 lakh bribe to facilitate the illegal transportation of paan masala consignments into Bengaluru. The arrest took place near Nagarabhavi on Thursday, when Nijanandamurthy was allegedly caught red-handed while receiving cash from one Manoj …
Dear Professional Colleagues, Take risks in your life. If you win, you may lead; if you lose, you may guide. – Swami Vivekananda These powerful words opened my eyes to a profound truth – one that our young generation must embrace. This perspective can pave the way …
CBI has made its first arrests today, including an IRS officer of the rank of Dy. Commissioner of Income Tax and a private person in connection with their involvement in an ongoing investigation of a case related to the sabotage of the Faceless Scheme of Income …
India’s direct tax collections for the financial year 2024-25 have recorded a significant upswing, with net collections reaching Rs 22.26 lakh crore as of March 31, 2025, according to provisional data released by the Central Board of Direct Taxes (CBDT). This marks a 13.57% growth over the previous fiscal’s net …
In a shocking revelation, a massive GST scam involving a Mumbai college girl has come to light after she received a notice from the GST department over Rs 35 crore in bogus transactions. The 20-year-old student, who lives in the western suburbs of the city, was …
