As an individual with an annual income of ₹10 lakh, one of the key decisions you need to make when filing your taxes is choosing between the old tax regime and the new tax regime. Both regimes come with their own set of advantages and tax rates, so understanding …
National Financial Reporting Authority (NFRA) Chairperson Ajay Bhushan Pandey has dismissed concerns that revising audit standards for group company audits will lead to audit concentration among a few large firms. Responding to objections raised by the Institute of Chartered Accountants of India (ICAI), Pandey emphasized the …
In a significant development, the High Court of Karnataka has issued an interim order restraining the Bengaluru-based Institute of Chartered Tax Practitioners India (ICTPI) from enrolling candidates into various courses or certifying individuals as income-tax or GST practitioners, customs brokers, or similar roles. The order was passed by …
Deloitte is hiring for the position of Junior Associate in Hyderabad, India. Candidates with Graduate degree are eligible to apply for this position. The complete information, eligibility criteria, and requirements are provided below. Job Description: Company Name Deloitte Position Lead Junior Associate Qualifications Graduation Batch 2018/ 2019/ 2020/ 2021/ …
The upcoming GST Council meeting in Rajasthan on December 21-22, 2024, may bring potential tax relief for insurance policyholders. According to a report, the Council is expected to evaluate proposals to eliminate the 18% GST on term and health insurance premiums, particularly targeting relief for senior …
In preparation for the January 2025 CA Intermediate Examinations, the Institute of Chartered Accountants of India (ICAI) Board of Studies has announced two rounds of mock test papers, scheduled to begin on November 18, 2024. These mock test series provide CA Intermediate students with a valuable …
As the Union Budget 2025 approaches, the CBDT is reportedly focused on introducing a streamlined version of India’s income tax laws. According to sources, this comprehensive review, underway for months, aims to reduce the complexity of the current tax code, primarily by simplifying language and clarifying …
India recorded significant growth in its Goods and Services Tax (GST) collections for October 2024, showcasing a strong economic momentum. According to the latest data, the total gross GST revenue surged to ₹1,87,346 crore, marking an 8.9% increase from October 2023. Year-to-date (YTD) collections have reached …
The Central Board of Indirect Taxes and Customs (CBIC) has released Instruction No. 27/2024-Customs, dated November 1, 2024, to guide Customs field formations on handling tax evasion investigations while promoting ease of doing business. This directive aims to strike a balance between rigorous enforcement of customs regulations …
