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GST Council Unlikely to Revoke 28% Tax on Online Gaming Industry

   21 May 2024 at 08:59

As the online gaming industry eagerly awaits a review of the 28% Goods and Services Tax (GST) imposed on the sector, the GST Council appears unlikely to roll back the levy.

Posted in GST |   1407 Views


ICAI Hosts Academia Meet to Accelerate Discovery through Collaborative Research Initiatives

   21 May 2024 at 08:58

ICAI through its Research Committee has organised the Academia Meet on 17th May 2024 with Universities / Institutions to facilitate a platform for interaction and knowledge exchange between esteemed academicians to foster research advancements.

Posted in Students |   87 Views


Income Tax Officer Loses Rs 48,902 in Online Reward Points Fraud

   20 May 2024 at 09:04

A 48-year-old IRS officer with the Income Tax Department fell victim to an online reward points fraud, losing Rs 48,902.

Posted in Income Tax |   1923 Views


SEBI Eases KYC Formalities for Mutual Funds: PAN-Aadhaar Link Rule Withdrawn

   20 May 2024 at 09:02

Mutual fund investors can breathe easy for now. The capital market regulator, SEBI, has withdrawn the requirement to link PAN with Aadhaar for obtaining 'KYC registered' status for mutual fund transactions.

Posted in Income Tax |   10218 Views


Retired Chartered Accountant Loses Over Rs 1.97 Crore in Online Stock Market Fraud

   20 May 2024 at 09:01

An investigation has been initiated after Madhukant Patel, an 88-year-old retired Chartered Accountant from Ahmedabad, reportedly lost Rs 1.97 crore in an alleged stock trading cyber fraud, according to the police.

Posted in Income Tax |   6315 Views


GSTN: New Feature Allows Users to Track Physical Verification Status of Registration Applications

   20 May 2024 at 09:00

The GST Network (GSTN) has introduced a significant update to the GST Portal, enhancing the functionality of the 'Track Application Status' tab.

Posted in GST  2 comments |   3309 Views


ICAI Launches Self-Paced Module Test (SPMT) Portal

   19 May 2024 at 07:40

ICAI has launched Self-Paced Module Test (SPMT) Portal - https://spmt.icai.org

Posted in Students |   9702 Views


ICAI Announces Schedule of CA Foundation / Intermediate September 2024 Exams

   18 May 2024 at 15:39

The Institute of Chartered Accountants of India (ICAI) has officially announced the exam schedule for the CA Foundation and Intermediate exams for September 2024. Get all the important dates and details here.

Posted in Students  1 comments |   7926 Views


ICAI to Issue Global Networking Guidelines for Indian CA Firms

   18 May 2024 at 08:24

The Institute of Chartered Accountants of India (ICAI) will soon introduce international networking guidelines to aid domestic firms in expanding their global presence, ICAI President Ranjeet Kumar Agarwal announced.

Posted in Professional Resource |   1857 Views


Supreme Court Upholds ICAI Rule Limiting CAs to 60 Tax Audits Per Year

   17 May 2024 at 14:49

In a significant ruling on Friday, May 17, the Supreme Court upheld the rule established by ICAI, which limits CAs to accepting no more than 60 tax audit assignments per financial year.

Posted in Professional Resource |   5709 Views