CBDT has successfully recovered ₹92,400 crore in outstanding tax liabilities in the ongoing financial year (2024-25) up to March 15, according to sources familiar with the matter. This includes ₹67,711 crore from corporate tax, ₹23,536 crore from personal income tax, and ₹1,100 crore from tax deducted …
Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Assam Dear Taxpayers, This is to inform taxpayers about recent developments concerning the application process for GST registration. It is advised to keep the following key points in mind during the registration process. …
In a major clarification, the central government has stated that it has no plans to impose a fresh 5% Goods and Services Tax (GST) without input tax credit on food delivery platforms such as Zomato and Swiggy. Pankaj Chaudhary, Minister of State for Finance, made this …
ICAI announces Major Changes in Examination System – CA Final to be Held Thrice a Year, Offering Students More Opportunities In order to align with global best practices and provide students with greater opportunities, the 26th Council of the Institute of Chartered Accountants of India (ICAI) …
With the bank audit season approaching, the Auditing and Assurance Standards Board (AASB) of the Institute of Chartered Accountants of India (ICAI) has announced the launch of an Online Panel of Experts to assist members with bank branch audit-related queries for the financial year 2024-25. Official copy of the notification is …
In a significant update to the Goods and Services Tax (GST) framework, the Central Board of Indirect Taxes and Customs (CBIC) has notified the Central Goods and Services Tax (Second Amendment) Rules, 2025 through Notification No. 11/2025 – Central Tax, dated March 27, 2025. These amendments …
The Investigation Wing of the Income Tax Department has uncovered a large-scale tax fraud during simultaneous surprise raids conducted across Tamil Nadu, including the four southern districts. The enforcement action has exposed thousands of employees from Public Sector Undertakings (PSUs) and corporate firms who fraudulently claimed …
The Institute of Chartered Accountants of India (ICAI), through its Professional Development Committee, successfully organized the Statutory Central Auditors’ Meet 2025-26 on 24th March, 2025, in Mumbai. The event brought together key stakeholders from the banking industry, which includes RBI and audit fraternity to deliberate on …
ICAI has announced a big change starting in 2025 that’s set to shake up the CA journey. CA Final exams will now be conducted three times a year – in January, May, and September. This gives students more chances to clear their exams and aligns the …
New Income Tax Bill: Key Provisions Strengthen tax authorities’ ability to track undisclosed income. Enable tax officers to seize assets in evasion cases. Allow digital communications, including WhatsApp messages, emails and financial app records, to be considered as valid evidence. Improve tax collection efficiency and reduce litigation in high-value cases. Rising …
