Understand gold taxation in India, including what qualifies as a capital asset, short-term vs. long-term gains, and applicable tax rates.
A public outcry over alleged delays and potential corruption in the Goods and Services Tax (GST) registration process, ignited by a LinkedIn post from a frustrated entrepreneur, drew a swift response from Union Finance Minister Nirmala Sitharaman and the Central Board of Indirect Taxes and Customs
The Income Tax Department has introduced new detailed reporting for various deductions (HRA, home loan interest, 80C to 80U) in ITRs for FY 2024-25, applicable to the old tax regime.
The Delhi High Court upheld the termination of an Indian Army officer who refused to attend regimental religious parades, prioritizing military discipline and unit cohesion over individual religious beliefs. The court emphasized that the armed forces place nation before religion, and officers must lead by example to maintain troop morale and unity.
SEBI cautions public against fake notices using SEBI identity. Advises verification via its official website to avoid fraud and misinformation.
ITAT Delhi rules against reassessment, citing vague reasons and lack of nexus between Kavya Satija and alleged entry operators.
The Chartered Accountants Association, Surat (CAAS), addresses the Finance Minister regarding systemic issues within the GST framework, including data privacy, registration delays, refund challenges, misuse of power, inter-departmental discord, amnesty scheme flaws, staff shortages, penalty application, communication irregularities, and appellate delays. The letter also proposes a “GSTCoin” system to enhance transparency and efficiency.
The ICAI has released the September 2025 examination schedule for Foundation, Intermediate, and Final CA courses, including dates, timings, and application details.
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!
Delhi High Court directs Filatex India Ltd. to GST Appellate Authority, noting “identically worded” SCN and Order-in-Original, suggesting non-application of mind.
