The Income Tax Department is preparing a drive to urge landowners who entered into joint development agreements (JDAs) but did not pay capital gains tax to settle their dues voluntarily. Sources revealed that in Kolkata and Bengaluru alone, around 25,000 to 30,000 such entities have been …
In a major crackdown on tax evasion, officials from the Directorate General of GST Intelligence (DGGI) have arrested a chartered accountant and an advocate from Sonepat district, Haryana, for their alleged involvement in a Rs 79.18 crore tax evasion scam linked to forged carpet billing. The …
Several private insurers in India have reduced distributor payouts by 15-18% to offset losses from the removal of Input Tax Credit (ITC) under GST, prompting industry associations and agents to escalate the issue with IRDAI and the Finance Ministry. Industry insiders warn that the current GST framework, if unadjusted, could …
The Institute of Chartered Accountants of India (ICAI) has announced the empanelment of eligible members to act as Observers for the upcoming Chartered Accountants Examinations scheduled in January 2026. The exams will be held for Final, Intermediate, and Post Qualification Courses from January 5 to 17, 2026 (except January 14) and for the Foundation …
In the aftermath of the government’s decision to completely remove 18% GST on retail life, health and accident insurance policies, several private insurers have reduced agent commissions by 18%, sparking backlash from distributors who say the move undercuts their livelihood and threatens the insurance outreach network. …
Following the Centre’s landmark decision to waive the 18% GST on individual life and health insurance, the sector is witnessing a strong surge in consumer interest and policy enquiries. The tax exemption, part of the broader GST 2.0 reforms that took effect on September 22, 2025, appears to have …
🌟 CMA Articleship Mela 2025-26 – Western India Regional Council (WIRC), ICMAI 🌟 The Institute of Cost Accountants of India (ICMAI) – Western India Regional Council (WIRC) is organizing the CMA Articleship Mela 2025-26 to empower students, connect opportunities, and build industry-ready professionals. This flagship initiative aims to provide a year-round articleship platform for Intermediate-qualified …
Indian digital payment landscape witnesses over 65,000 crore digital transactions amounting to more than Rs. 12,000 lakh crore in last 6 Financial years The growing adoption of digital payments has revolutionized access to financial services, particularly for underserved and unserved communities The Government has been closely …
Finance Minister Nirmala Sitharaman has clarified in Parliament that individual residents living in apartments are not liable to comply with Goods and Services Tax (GST) regulations, even if they pay monthly maintenance fees above Rs 7,500. The compliance responsibility rests solely with the apartment associations, not the …
