The law now mandates a single exemption pathway for charitable institutions, ending the flexibility of parallel regimes. The key takeaway is that once a regime is chosen, procedural compliance becomes binding and decisive.
The law allows a last chance to correct six years of TDS/TCS mistakes before the window shuts permanently. The key takeaway is that uncorrected demands after this date become irreversible liabilities.
ICAI’s recommendation to accept audit fees only through banking channels promotes transparency but highlights challenges for practitioners serving cash-dependent clients.
Section 119(2)(b) applications enable retirees to claim leave encashment exemption up to ₹25 lakh, condoning delays in filing revised returns.
Analyses how multiple ITAT rulings extend the enhanced ₹25-lakh exemption to earlier years, treating CBDT’s notification as a beneficial and clarificatory reform.
A man impersonated a chartered accountant for 15 years in Hyderabad. This case highlights vulnerabilities in professional verification and identity safeguards.
A petition to ICAI seeks transparent and equitable professional opportunities for small and medium-sized Chartered Accountant firms in India, addressing issues like audit allotments and discriminatory practices.
Rising stress and premature deaths among CAs highlight a health crisis. Learn how ABC Client Analysis can help prioritize clients, manage workload, and improve well-being.
Understand ICAI regulations for CAs engaging in other occupations, including family businesses and directorships. Learn compliance requirements and activities needing prior permission.
Address the issues of forced ESI registration and unwarranted compliance burdens on companies due to MCA’s default registration process.
