Apply for concurrent audit assignments at Punjab & Sind Bank for the year 2025-26. Criteria include FCA partner, RBI panel selection, and more. Last date: 04/06/2025. Apply now!
Section 194N requires banks, co-operative banks and post offices to deduct TDS on cash withdrawals above prescribed limits, with higher rates for non-filers and exemptions for specified entities.
Equalisation Levy, initially imposed on online advertisements and later extended to e-commerce transactions, ceases to apply from AY 2026-27 due to the sunset clause introduced by the Finance (No. 2) Act, 2024. The amendment ends the 2% levy on e-commerce supplies and services for consideration received on or after 1 August 2024.
The CBI apprehended an Income Tax Office Superintendent in Odisha after he was allegedly caught accepting a bribe for deleting a duplicate PAN card. The case underscores strict action against corruption in public offices.
NCLT approved an LLP merger after finding that the scheme enhanced financial flexibility, operational efficiency, and partner value. The ruling highlights the legal process and safeguards governing LLP amalgamations.
ICAI has notified the Information Systems Audit (ISA) Assessment Test for 25 July 2026 in CBT mode. The announcement specifies eligibility conditions, examination centres, application dates, and fee details for registered ISA Course members.
Buyback proceeds will again be taxed as capital gains from 1 April 2026. The change allows deduction of acquisition cost and restores taxation on net gains rather than gross receipts.
The article questions whether tree-planting claims linked to IPL dot balls are supported by verifiable evidence. It highlights the need for stronger ESG accountability and third-party validation.
A Constitution Bench held that courts can modify arbitral awards in limited situations such as correcting manifest errors and severable portions of awards. The ruling recognised an implied power under Section 34 of the Arbitration Act.
Indian Overseas Bank invites applications from eligible CA firms for concurrent audit empanelment for 2026-27. Apply online by June 10, 2026.
