The Institute of Chartered Accountants of India has issued an Exposure Draft on proposed Guidelines for Overseas Network. Public comments are open until June 27, 2025.
The RBI’s MPC cut the repo rate by 50 bps to 5.50% to support growth amid easing inflation. Policy stance moves to neutral, aiming for price stability.
The RBI has cut the repo rate to 5.50%, reduced CRR to 3.0% in tranches, and revised penal interest rates, aiming to stimulate the economy.
Mumbai ITAT ruled the CIT(E)’s revisionary order against Indian Education Society was time-barred, clarifying Section 263’s scope regarding original vs. reassessment issues.
Allahabad High Court rules Section 131(1A) notices are invalid if issued after a Section 132 income tax search. Judgment clarifies pre-search vs. post-search investigative powers, protecting taxpayer safeguards.
Understand GST compliance for FY 2024-25: how to make corrections in sales/ITC, RCM, credit notes, and e-invoicing. Learn key deadlines and ITC reversal rules.
Understand recent GSTR-1 amendments, including revised invoice value thresholds for unregistered persons, updated reporting for e-commerce, and enhanced HSN summary requirements with new validations.
MCA Notifies Mandatory Filing of Form ADT-1 for First Auditor Appointment Effective 14 July 2025 The Ministry of Corporate Affairs (MCA) has notified a significant amendment under the Companies (Audit and Auditors) Rules, 2014, impacting the compliance requirements for the appointment of the first auditor by companies. This update introduces the mandatory filing of Form […]
An order from the Registrar of Companies, Hyderabad imposes a penalty on two directors for failing to disclose their interests as required by Section 184 of the Companies Act, 2013.
RBI’s LSF framework offers a cost-effective, simplified, and time-bound route for resolving procedural lapses under the OI regime. With the sunset date of August 22, 2025, drawing closer, stakeholders must act swiftly to assess their compliance status and avail of the LSF facility where eligible.
