CBDT notifies a State Pollution Control Board as exempt under Section 10(46A), effective AY 2024-25. The decision confirms tax-free status for statutory environmental regulators.
A statutory authority has been formally notified for exemption under Section 10(46A) with effect from AY 2024-25. The approval is conditional on continued operation under its governing Act and eligible purposes.
CBDT notifies tax exemption for a development authority under Section 10(46A), effective from AY 2024-25. The ruling confirms retrospective benefit with no adverse impact on taxpayers.
RBI has clarified that no new Urban Co-operative Banks or conversions will be permitted. It has also adopted a four-tier structure based on deposits to ensure proportionate regulation and stability.
ICSI Western Region Convocation on 4th January 2026 will award membership certificates and prizes to eligible members. Registrations close 19th December 2025.
NFRA conducts workshops and surveys to support small and medium audit firms, aiming to enhance compliance, audit standards, and financial reporting practices.
ITAT Ahmedabad ruled that a notice under section 148 issued beyond the statutory period is invalid, quashing a ₹115 crore reassessment of a share-trading company. The Tribunal emphasized adherence to “surviving time” limits, making the reassessment void.
Explains how the DPDP Act affects everyday tax work, emphasising informed consent, data minimisation, and secure handling of financial documents.
The MCA has increased the financial limits for small companies, reducing compliance requirements while retaining key statutory obligations, enabling easier growth and operational focus.
The CBDT includes “or extended” in the July ITR Form for non-audit individuals due to frequent deadline extensions, while keeping October deadlines fixed for audit-related filings.
