The Minister of State for Finance details India’s direct tax collections from FY 2020-21 to 2024-25, highlighting that collections exceeded budget estimates except in the COVID-affected year of 2020-21. The response addresses the government’s stance on tax evasion, a comprehensive list of direct tax reforms since 2014, and the introduction of the new, simplified Income-tax Bill, 2025.
Prime Minister Modi announces new GST reforms to simplify the tax system, rationalise rates, and correct structural issues to benefit citizens and businesses.
The ICSI Council approved new training guidelines, a research program with DTU, national seminars, and multi-language study materials for Executive Programme.
A summary of the CAG’s audit report on Customs and DGFT reveals deficiencies in infrastructure, manpower, and compliance, leading to significant revenue implications.
Supreme Court clarifies that IBC’s moratorium doesn’t stay criminal proceedings for cheque dishonour. Personal guarantors remain liable under the NI Act.
SEBI’s consultation paper outlines a major review of the 1992 Stock Broker Regulations. Proposals aim to simplify rules, enhance investor protection, and align with modern market practices, covering definitions for algorithmic and proprietary trading, QSB criteria, and inspection powers.
The Gujarat Chamber of Commerce requests an extension for ITR and Tax Audit due dates, citing delays in form utilities and technical issues on the portal.
A CAG audit report on the GST E-Way Bill system reveals issues with tax compliance, revenue protection, and enforcement, with recommendations to improve the system.
The IBBI has amended its CPE guidelines for Insolvency Professionals, raising credit hours to 30 and mandating in-person learning from 2026.
IBBI’s guidelines mandate continuing professional education for insolvency professionals. Learn about annual 30-credit-hour requirement and new in-person learning rules.
