ICAI announces disciplinary actions for professional misconduct against five Chartered Accountants, including suspensions and fines, effective January 2025.
Income tax exemption for Karnataka State Horticulture Development Agency on grants, horticulture revenue, and interest. Applicable for FY 2020-2021 to 2023-2024.
Income Tax exemption notification for Rabindra Setu, Kolkata, detailing income categories, conditions, and retrospective effect for assessment years 2019-2020 to 2023-2024.
RBI directs e-Kuber to process government transactions on March 30, 2025, ensuring accurate financial year-end accounting despite the date falling on a Sunday.
DGFT amends FTP 2023 to allow stakeholder feedback and outlines conditions for consultation and disclosure of reasons for non-incorporation of suggestions.
State Bank of India designated as Lead Bank for newly formed Meluri district in Nagaland. No change in other districts’ Lead Banks.
No tax deduction required on purchases from IFSC Units under Section 194Q of the Income-tax Act, 1961, with specific conditions for buyers and sellers.
No income tax deduction will apply to payments made to credit guarantee funds managed by NCGTCL, as notified under Section 197A(1F) of the Income-tax Act, 1961.
No income tax deduction will be made on payments to NCGTCL under Section 197A(1F) of the Income-tax Act, 1961, as notified by the Central Government.
SEBI updates certification norms for investment advisers, mandating NISM exams for compliance. Notification rescinds previous directives, effective January 2, 2025.
