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ICAI Disciplinary Action: CA Srinivas Talluri Penalized

June 3, 2025 3051 Views 0 comment Print

The ICAI Disciplinary Committee has ordered the removal of CA Srinivas Talluri’s name from the Register of Members for 10 years and imposed a fine of ₹5 lakhs due to professional misconduct.

GST Council Modifies Life & Health Insurance GoM

June 2, 2025 756 Views 0 comment Print

The GST Council Secretariat has updated the composition of the Group of Ministers (GoM) on Life and Health Insurance, effective June 2, 2025.

RBI FAQs on Coordinated Portfolio Investment Survey – India

June 2, 2025 2475 Views 0 comment Print

Understand the RBI’s Coordinated Portfolio Investment Survey (CPIS) in India, a semi-annual exercise collecting data on resident portfolio investment assets abroad for IMF reporting. Learn about eligible entities, reporting frequency, submission guidelines, and valuation methods.

Amendments to the ITC(HS) codes for the import of Gold and Silver through IIBX

June 2, 2025 1563 Views 0 comment Print

IFSCA circular updates ITC(HS) codes for gold and silver imports via India International Bullion Exchange, aligning with recent DGFT and Finance Act changes.

IBBI Cancels Valuer Registration for suppressing pending criminal charges

June 2, 2025 711 Views 0 comment Print

IBBI cancelled Mr. Shreegopal Govindram Mundhra’s valuer registration for suppressing pending criminal charges during his application. This action highlights integrity requirements.

Biennial survey on Foreign Collaboration in Indian Industry (FCS): RBI FAQs

June 2, 2025 3573 Views 0 comment Print

Participate in the Reserve Bank’s Biennial Foreign Collaborations and Services (FCS) Survey to gain insights into potential competition areas. Understand reporting entity obligations, submission process, and deadlines. Follow precise instructions for accurate data submission via email, ensuring confidentiality. The survey covers various performance indicators, technology transfer agreements, and economic activity classifications.

Net GST Revenue for May 2025 Hits ₹1.74 Lakh Crore, Up 20.4% Year-on-Year

June 1, 2025 795 Views 0 comment Print

Review India’s gross and net GST revenue for May 2025. Data highlights collections from domestic transactions and imports, with comparisons to the previous year and state-wise growth figures.

Validity of Reassessment Under Section 148 Based on AIS Mismatch

May 31, 2025 2088 Views 0 comment Print

Explore the validity of reassessment notices under Section 148 of the Income Tax Act when solely based on AIS mismatches, without independent inquiry or verification by the Assessing Officer.

Case Study: India-Mauritius Double Taxation Avoidance Agreement (DTAA)

May 31, 2025 1761 Views 0 comment Print

Explore the India-Mauritius DTAA’s evolution, from its initial capital gains exemption to the 2016 amendments addressing tax avoidance and introducing the LOB clause.

EB-1A Green Card for Indian Nationals: How Highly Accomplished Professionals Can Explore Bypassing U.S. Job Offer Requirement

May 31, 2025 693 Views 0 comment Print

For Indian professionals aiming for U.S. permanent residence, the EB-1A green card offers a unique and strategic pathway to explore for securing permanent residency. Unlike many other employment-based immigration categories, the EB-1A visa category allows individuals with exceptional abilities to petition for a green card without a U.S. job offer, employer sponsorship, or labor certification.

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