Court rules income from white button mushroom cultivation under controlled conditions qualifies as agricultural income, exempt from tax, emphasizing ‘soil’ as ‘land’ and purpose over strict classification.
The Institute of Company Secretaries of India (ICSI) has requested the Ministry of Corporate Affairs to introduce a 2025 settlement scheme for companies and LLPs, citing V3 portal issues and increasing non-filings.
ICSI requests MCA to include prior entity identity in the Certificate of Incorporation issued during conversion under Section 366 of Companies Act, 2013.
The ICSI has requested the Ministry of Corporate Affairs to organize user awareness sessions in Bengaluru and Delhi for the new MCA-21 V3 annual filing forms, responding to professional demand.
ICSI urges MCA to modify e-form MGT-8, citing issues with its non-editable integration with MGT-7, impacting compliance reporting and Rule 11(2).
GSTN resolved a technical issue for QRMP taxpayers on the GST Portal. Refund applications can now be filed, provided GSTR-3B for relevant invoices is submitted.
Stay informed on the latest regulatory changes from May 26 to June 1, 2025. This summary covers income tax due date extensions, GST rulings, customs duty changes, SEBI derivative reforms, MCA portal updates, and IBC amendments.
Recent communications from GSTN and CBIC have shed light on important aspects of HSN (Harmonized System of Nomenclature) code reporting in Table 12 of GSTR-1, particularly concerning B2B (Business-to-Business) and B2C (Business-to-Consumer) supplies. These clarifications aim to guide taxpayers on mandatory fields, optional declarations, and system validations. GSTN’s Stance on Table 12 Validations Infosys_GSTN, through […]
CBDT extends deadline for processing AY 2023-24 ITRs filed under Section 139 to 30th November 2025. Excludes scrutiny cases and unprocessed returns due to taxpayer reasons.
CBIC clarifies DIN is unnecessary for GST communications with Reference Numbers (RFN). Circular modifies prior guidelines on document identification.
