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ICAI Disciplinary Action: CA Srinivas Talluri Penalized

June 3, 2025 2901 Views 0 comment Print

The ICAI Disciplinary Committee has ordered the removal of CA Srinivas Talluri’s name from the Register of Members for 10 years and imposed a fine of ₹5 lakhs due to professional misconduct.

IT Dept to Share Data with Maharashtra for ‘Mazi Ladki Bahin Yojana

June 3, 2025 1578 Views 0 comment Print

Notification specifies Maharashtra’s Women & Child Development Secretary for income tax information sharing to identify beneficiaries of Mukhyamantri Mazi Ladki Bahin Yojana.

MP VAT Act: 2023-24 Assessments Deemed Complete for Petrol Pumps

June 3, 2025 3012 Views 0 comment Print

Madhya Pradesh Government notifies deemed assessment for 2023-24 VAT cases for eligible petrol pumps, outlining conditions and application process.

Delhi Goods and Services Tax (Fourth Amendment) Rules, 2023

June 2, 2025 507 Views 0 comment Print

Delhi’s new GST rules, effective June 2, 2025, amend valuation for corporate guarantees, streamline intimation processes, and update various forms.

Import of Yellow Peas Free Without MIP & Port Restriction till March 2026

May 31, 2025 945 Views 0 comment Print

India extends Free import policy for yellow peas (ITC HS Code 07131010) until March 31, 2026, removing MIP and port restrictions. Online registration required.

MCA Amends Companies Rules, New Form GNL-1

May 30, 2025 4074 Views 0 comment Print

The Ministry of Corporate Affairs (MCA) has amended the Companies (Registration Offices and Fees) Rules, 2014, introducing a revised Form GNL-1 effective July 14, 2025, for RoC applications.

MCA Updates Cost Audit Rules: Forms CRA-2 & CRA-4 Revised

May 30, 2025 5100 Views 0 comment Print

MCA revises Forms CRA-2 and CRA-4 under the Companies (Cost Records and Audit) Rules, 2014, effective 14th July 2025. Key updates streamline compliance processes.

Customs Duty Cut on Edible Oils; Yellow Peas Exemption Extended

May 30, 2025 1389 Views 0 comment Print

Govt extends Yellow Peas import exemption till March 2026; cuts customs duty on crude soya, sunflower, and palm oils from 20% to 10%.

Income Tax Corrigendum: Schedules CG & Section 80IE Updated

May 30, 2025 1308 Views 0 comment Print

A recent corrigendum to an Income Tax notification dated May 6, 2025, rectifies errors in Form ITR. It corrects a reference in Schedule CG from (4ca –biva) to (4a-biva) and expands Schedule 80IE to include Sikkim for deductions related to undertakings in North-East states, providing structured entries for up to two undertakings per state.

Zero Coupon Bonds of REC Ltd. Notified by CBDT

May 30, 2025 1605 Views 0 comment Print

CBDT notifies Ten Year Zero Coupon Bonds of REC Ltd. under Income-tax Act for issuance by March 2027 with a maturity value of ₹5,000 crore.

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