The Institute of Chartered Accountants of India (ICAI), the largest professional body of Chartered Accountants in the world, successfully inaugurated the highly awaited AI Innovation Summit – AIS 2025 at Buntara Bhavana in Pune. The theme of the Summit, “Transforming Accounting, Audit, Tax, and Governance,” reflected ICAI’s …
A Chartered Accountants’ Association in Gujarat has written to the state government highlighting allegations that state GST officers are selling confidential return data of traders to their business rivals. The letter, also marked to the Central Government, warns that unless immediate action is taken, this malpractice could undermine trader confidence and …
The Institute of Chartered Accountants of India (ICAI), through its Auditing and Assurance Standards Board (AASB), has reconstituted its Expert Panel to assist members in addressing technical queries related to statutory audits for the upcoming audit season. The panel will remain active from 11th July 2025 …
In a tragic incident that has shocked the financial and professional community in Mumbai, a 32-year-old Chartered Accountant identified as Raj Leela More died by suicide after allegedly being blackmailed and extorted over a private video. According to police officials at Vakola Police Station, Raj More consumed poison at …
The Uttar Pradesh Police’s Special Task Force (STF) has dismantled a massive multi-state GST evasion racket by arresting five individuals from Barmer district, Rajasthan. The accused were allegedly running a fraudulent network involving over 100 shell companies registered across Delhi, Rajasthan, Uttar Pradesh and other states …
In a strategic move to recover long-pending tax dues, the Maharashtra state government has proposed a key amendment to its Settlement of Arrears of Tax, Interest, Penalty or Late Fee Act, 2025. The revised provisions aim to unlock an estimated Rs 20,000 to Rs 25,000 crore in …
The Institute of Chartered Accountants of India (ICAI) is likely to declare the results of the Chartered Accountants Final, Intermediate, and Foundation Examinations held in May 2025 on Sunday, July 6, 2025. As per the official announcement, students can check their results on the ICAI’s result portal …
The Income Tax Department has expanded the list of banks available on the e-Filing portal’s e-Pay Tax service to 31. This list includes both public and private sector banks, comprising newly added institutions as well as those that have migrated to the new payment platform. The …
In a major breakthrough, police have arrested seven individuals allegedly involved in a massive GST tax evasion racket valued at over Rs 524 crore. The scam, which spanned multiple states, was uncovered during an investigation into fraudulent GST registrations and fake business transactions, officials confirmed on …
