The Institute of Chartered Accountants of India (ICAI) has issued a final reminder urging its members to complete the pending Continuing Professional Education (CPE) hours for the calendar year 2024 by June 30, 2025, in line with Level I of the Consequential Provisions for non-compliance. The announcement …
In order to integrate biodiversity agenda into the corporate sustainability landscape, on occasion of International Day for Biological Diversity, the Institute of Chartered Accountants of India (ICAI) through its Sustainability Reporting Standards Board (SRSB) organized a landmark event on “Biodiversity & Business in Harmony: Roles and Opportunities …
In anticipation of the landmark Income Tax Bill being passed, the CBDT has launched a detailed implementation program to ensure a seamless transition to the new legal framework. According to the Board’s action plan for FY 2025-26, at least 50% of the Income Tax Department’s workforce …
In a significant relief to its members, the Institute of Chartered Accountants of India (ICAI) has extended the last date to submit the Self-Declaration Form for claiming CPE Hours under Unstructured Learning Activities (ULA) for Calendar Year 2024 to 31st May, 2025. This decision comes in …
The Central Board of Direct Taxes (CBDT) has announced an extension of the due date for filing Income Tax Returns (ITRs) for Assessment Year (AY) 2025-26. The new deadline for filing returns that were originally due by July 31, 2025, has now been extended to September 15, …
The Gujarat State GST Department conducted a series of coordinated search operations on May 2, 2025, targeting seven manpower service providers operating across Mehsana, Ahmedabad and Junagadh districts. The enforcement action was carried out based on specific intelligence inputs and extensive surveillance. During the searches, GST …
In a significant relief for Paytm-owned First Games, the Supreme Court of India has stayed proceedings related to a Rs 5712 crore GST notice issued by the DGGI, New Delhi. The development was revealed in a regulatory filing by One97 Communications, the parent company of Paytm and its gaming …
The Reserve Bank of India (RBI) has released a draft circular titled “Inoperative Accounts/ Unclaimed Deposits in Banks – Revised Instructions (Amendment), 2025”, which proposes modifications to the earlier guidelines issued on January 1, 2024. These changes pertain to paragraph 6.1 of the previous circular and …
Sambhal Police and GST authorities have unearthed a large-scale GST evasion racket involving fake firms and fraudulent invoicing in the brick trade. Two individuals have been arrested in connection with the scam, while further investigations are underway to nab the remaining members of the network. According …
