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ICAI Issues Eligibility Requirements for CA Foundation & Intermediate September 2025 Exams
23 June 2025 at 15:17The Institute of Chartered Accountants of India (ICAI) has officially released the eligibility criteria and application requirements for candidates appearing in the Foundation and Intermediate Examinations scheduled for September 2025.
ICAI Issues Guidance on Permanent Exemptions for CA Intermediate September 2025 Exams
23 June 2025 at 15:08The Institute of Chartered Accountants of India (ICAI) has released official guidelines for candidates seeking to convert their exhausted exemptions into permanent exemptions for the upcoming September 2025 CA Intermediate examinations.
NPCI Launches Real-Time PAN and Bank Account Validation API on Income Tax Portal
23 June 2025 at 09:32The National Payments Corporation of India (NPCI) has introduced a new real-time PAN and bank account validation facility on the income tax e-filing portal.
ICAI Mandates Disclosure of Auditor's Opinion While Generating UDIN for GST & Tax Audits
23 June 2025 at 09:21With immediate effect, members will now be required to mandatorily provide details of the Auditor's Opinion while generating UDINs under the categories of 'GST & Tax Audit' and 'Audit & Assurance Functions'.
Gross Direct Tax Collection Rises 4.86% in FY26 Despite Surge in Refunds
23 June 2025 at 09:16While gross collections surged by 4.86%, reaching Rs 5.45 lakh crore, a significant rise in refunds-up by 58.04%-brought down the net collections.
CBDT Reviews Status of Follow-Up Actions Under Exchange of Information Framework
23 June 2025 at 09:13Some media reports have suggested that money deposited in bank accounts of Indian entities in Switzerland has increased. It is reported that the data pertains to different types of funds, including deposits from enterprises, banks and individuals.In
MCA Allows Separate Filing of e-Form CSR-2 on V3 Portal After Transition from MCA21 V2 to V3
23 June 2025 at 09:11The Ministry of Corporate Affairs (MCA) has issued General Circular No. 02/2025 announcing the transition from MCA21 Version 2 (V2) to Version 3 (V3) for annual filing forms and related e-forms.
Income Tax Dept Uncovers Rs 29,208 Crore in Undisclosed Foreign Assets via Belated Returns
23 June 2025 at 09:09The Income Tax Department identifies Rs 29,208 crore in foreign assets through belated returns for AY 2024-25. CBDT intensifies scrutiny using global data-sharing mechanisms amid spike in Indian deposits in Swiss banks.
Tragic Death of a Young Chartered Accountant Highlights Mental Health Crisis Among Professionals
21 June 2025 at 16:34A 28-year-old Chartered Accountant employed at a private company in Hyderabad tragically died by suicide at a local hotel on Tuesday night, according to police sources.
Senior Citizens Welfare Fund Deposits to Earn 3.35% Interest for FY 2024-25
21 June 2025 at 07:57The Ministry of Finance has announced that deposits made under the Senior Citizens Welfare Fund (SCWF) will earn 3.35% interest for the financial year 2024-25. The interest rate will apply retrospectively from April 1, 2024, to March 31, 2025.
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