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ICAI Convocation 2025: 19,075 CAs Awarded Membership

February 8, 2025 2811 Views 0 comment Print

ICAI held its Convocation 2025 across 13 locations, awarding 19,075 Chartered Accountants with membership. The Governor of West Bengal honored ICAI with an excellence award.

SEBI Consultation on Secretarial Compliance, Auditor Appointment & RPTs

February 8, 2025 678 Views 0 comment Print

SEBI seeks public feedback on strengthening secretarial compliance reports, auditor appointment criteria, and related party transaction disclosures for listed entities.

Reminder for Filing TDS Statement 26Q for Q2 FY 2024-25

February 8, 2025 10794 Views 2 comments Print

CPC (TDS) reminds deductors to file TDS Statement 26Q for Q2 FY 2024-25. Late/non-filing may attract fees and affect TDS credit for deductees.

Union Cabinet Approves New Income Tax Bill 2025 to Replace 1961 Act

February 8, 2025 14466 Views 1 comment Print

Union Cabinet has approved the new Income Tax Bill 2025, aiming to simplify and modernize India’s tax system by replacing the 1961 Act.

SEBI Proposes Automated Trading Window Closure Extension

February 7, 2025 279 Views 0 comment Print

SEBI seeks public comments on extending automated trading window closure to immediate relatives of designated persons, aiming to improve compliance and prevent violations.

SEBI Seeks Comments on Regulation 17(a) Review for AIFs

February 7, 2025 297 Views 0 comment Print

SEBI invites public comments on proposed amendments to Regulation 17(a) of AIF Regulations, 2012, addressing investment in listed and unlisted debt securities.

CBI Files Case Against 3 Tax Officials, 5 CAs for Sabotaging Faceless Tax Scheme

February 7, 2025 13557 Views 0 comment Print

CBI registers case against 9, including Deputy Commissioner, 2 Inspectors, and 5 CAs, for sabotaging Faceless Tax Scheme; searches in 18 locations across India.

MCA-21 Portal Glitches and Government’s Response

February 6, 2025 228 Views 0 comment Print

The Government acknowledges MCA-21 glitches, highlights improvements, ensures data security, and implements new features for better corporate filing processes.

GST on Insurance Premium: Status of GoM Recommendations

February 6, 2025 291 Views 0 comment Print

The GST Council has deferred decisions on insurance premium taxation, granting more time to the GoM to finalize its recommendations on the issue.

GST Exemptions for Tirumala Tirupati Devasthanam

February 6, 2025 249 Views 0 comment Print

Tirumala Tirupati Devasthanam gets GST exemptions on religious services, but GST of ₹36.28 crore was paid in 2024-25. Details of exemptions and payments inside.

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