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CBDT notifies 10 new items on which TCS needs to be collected

April 22, 2025 21780 Views 1 comment Print

The Central Board of Direct Taxes notifies tax collection at source on the sale of certain goods exceeding 竄ケ10 lakh, effective upon official publication.

CBDT amends form No. 27EQ and added 10 new items for TCS Reporting

April 22, 2025 3642 Views 0 comment Print

Latest income tax rule changes effective April 2025. Form 27EQ updated with new categories for tax collection at source on various goods.

SEBI (Credit Rating Agencies) (Second Amendment) Regulations, 2025

April 22, 2025 1518 Views 0 comment Print

SEBI notifies amendments to Credit Rating Agency Regulations, focusing on ESG rating providers with subscriber-pays model requirements.

MCA imposes penalty for delay in filing SBO declaration (BEN-1)

April 21, 2025 2868 Views 0 comment Print

Hankook Latex Pvt Ltd penalized for delay in filing SBO disclosures under Section 90 of Companies Act, 2013. MCA imposes fines on key directors.

Basel III: LCR Review of HQLA Haircuts and Deposit Run-off Rates

April 21, 2025 2880 Views 0 comment Print

RBI updates Liquidity Coverage Ratio (LCR) for banks, changing run-off rates for digital retail deposits and non-financial entities, effective April 2026.

RBI Guidelines: Opening of & operation in deposit accounts of minors

April 21, 2025 6480 Views 0 comment Print

RBI revises rules for minor bank accounts (savings & term deposits). Independent operation for those above 10, guardian options, and KYC norms.

CA, CMA Election Tribunal Appointments by MCA – April 2025

April 17, 2025 1011 Views 0 comment Print

Ministry of Corporate Affairs updates tribunal members for ICAI and ICMAI election dispute cases, effective from April 17, 2025.

HUDCO Bond Notified as Zero Coupon by CBDT

April 17, 2025 1632 Views 0 comment Print

CBDT notifies HUDCO’s 10-Year Zero Coupon Bond worth ₹5,000 Cr under Section 2(48) of Income-tax Act for infrastructure project funding.

Section 35(1)(ii): KIMS Foundation Approved for scientific research Tax Benefits  

April 17, 2025 693 Views 0 comment Print

CBDT approves KIMS Foundation, Hyderabad for scientific research under Section 35 of Income-tax Act, effective FY 2025–26 to AY 2030–31.

ICAI Concludes Disciplinary Action Against Two Chartered Accountants

April 17, 2025 6420 Views 0 comment Print

ICAI suspends CAs Praveen Murarka and Subhash Chander Sharma for professional misconduct, with removal from Register of Members effective April 17, 2025.

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