Explore the 2025 edition of ICAI’s Guidance Note on Audit of Banks. Includes sections on RBI Master Circulars, Master Directions, and relevant notifications.
CPC (TDS) reminds deductors to file TDS Statement 26Q for Q2 FY 2024-25. Late/non-filing may attract fees and affect TDS credit for deductees.
Union Cabinet has approved the new Income Tax Bill 2025, aiming to simplify and modernize India’s tax system by replacing the 1961 Act.
Request tax order implementation with Income Tax e-Filing portal’s new feature. Raise Request for Order Giving Effect online to resolve pending matters faster!
CBI registers case against 9, including Deputy Commissioner, 2 Inspectors, and 5 CAs, for sabotaging Faceless Tax Scheme; searches in 18 locations across India.
GST advisory clarifies E-Way Bill rules for goods under Chapter 71, excluding HSN 7117. Mandatory in Kerala; voluntary EWB generation withdrawn elsewhere.
Budget 2025 proposes amending Section 2(14) to redefine capital assets, classifying securities held by specific funds and non-exempt ULIPs as capital assets.
Budget 2025 proposes extending trust registration validity from 5 to 10 years for smaller trusts with income below ₹5 crore, reducing compliance burden.
Read Prime Minister’s remarks at the beginning of the Budget Session, emphasizing development, gender equality, and youth empowerment towards a prosperous India by 2047.
ICAI announces the Draft Bank Branch Auditors’ Panel (MEF) 2024-25 for review. Applicants can check details and raise queries until February 5, 2025.
