ICAI proposes tax reforms for Union Budget 2026-27 to enhance ease of doing business and sustainability. Suggestions cover reducing compliance burden (E-Ledger system, removing TCS on scrap), mitigating litigation (decriminalization), and rationalizing tax provisions.
CGST Delhi South Commissionerate arrested a firm Director for fraudulently availing Rs 31.95 crore in Input Tax Credit (ITC) using fake invoices without goods supply.
The Electricity (Amendment) Bill, 2025 introduces competition in power distribution while protecting subsidies for farmers. It mandates shared networks and Universal Service Obligation.
KSCAA urged CBDT to extend due dates for assessees under Section 92E, citing an omission in Circular No. 15/2025 that created inconsistency in tax compliance timelines.
ICAI announced results of CA Final, Intermediate, and Foundation exams held in September 2025, detailing pass percentages, toppers, and examination statistics across all levels.
The ICAI President details reforms like GST 2.0 that aid MSMEs and consumers. Key initiatives include benchmarking the CA qualification to a Master’s degree, launching the MSME Clinic Programme, and integrating AI and ESG into the profession.
The CBI registered a case against a Jaipur CGST Assistant Commissioner for amassing ₹2.54 Cr in assets, 100% disproportionate to income, leading to searches and seizures.
BCAS submits comments on RBI’s draft External Commercial Borrowings (ECB) regulations, seeking clarity on eligibility, KYC norms, borrowing limits, pricing, and reporting requirements.
The ICAI will announce CA Final, Intermediate, and Foundation exam results for September 2025 on November 3rd, 2025, at icai.nic.in. Access with Roll and Registration Numbers.
CBDT extends the due date for furnishing the Income Tax Return for AY 2025-26 to Dec 10, 2025, and the audit report due date to Nov 10, 2025.
