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Tragic Death of a Young Chartered Accountant Highlights Mental Health Crisis Among Professionals

   21 June 2025 at 16:34

A 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.

Posted in Professional Resource  2 comments |   6756 Views


Senior Citizens Welfare Fund Deposits to Earn 3.35% Interest for FY 2024-25

   21 June 2025 at 07:57

The 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.

Posted in Income Tax |   1011 Views


TDS Exemption for IFSC Units Under Section 80LA Effective July 1, 2025

   21 June 2025 at 07:56

In a major relief aimed at bolstering India's International Financial Services Centres (IFSCs), the Central Government has issued a notification exempting TDS on certain payments made to units operating in IFSCs

Posted in Income Tax |   1914 Views


FM Sitharaman Urges CBIC to Simplify GST Registration, Expedite Grievance Redressal

   21 June 2025 at 07:24

Union Finance Minister Reviews CBIC Performance; Emphasizes Trade Facilitation and Taxpayer Services

Posted in GST |   1716 Views


State GST Dept Arrests Businessman for Rs 25 Crore Fake ITC Scam

   21 June 2025 at 06:49

The Assam State GST (AGST) Department has arrested Ishak Ahmed, Director of Khushi Digital Payment Private Limited, for allegedly evading taxes worth Rs 25 crore through fake billing and fraudulent Input Tax Credit

Posted in GST |   459 Views


ICAI Announces GCC Summit Series to Strengthen India's Global Leadership in Financial Services

   21 June 2025 at 06:44

ICAI Launches Nationwide GCC Summit Series - New Delhi, Ahmedabad (GIFT City), Mumbai and Hyderabad

Posted in Professional Resource |   366 Views


ICAI Announces Mock Test Paper Series for CA Foundation September 2025 Exams

   21 June 2025 at 06:44

The Institute of Chartered Accountants of India (ICAI), through its Board of Studies (Academic), has officially announced the commencement of Mock Test Paper (MTP) Series I and II for CA Foundation students appearing in the September 2025 Examination

Posted in Students |   1992 Views


CBDT Notifies Tax Exemption for Forum of Regulators Under Section 10(46) of Income Tax Act

   20 June 2025 at 09:27

CBDT has issued Notification No. 66/2025, dated June 19, 2025, granting income tax exemption under section 10(46) of the Income-tax Act, 1961 to the Forum of Regulators, a statutory body constituted by the Government of India under the Ministry of Power.

Posted in Income Tax |   258 Views


RBI Issues the Reserve Bank of India (Project Finance) Directions, 2025

   20 June 2025 at 09:24

The Reserve Bank had issued draft guidelines on "Prudential Framework for Income Recognition, Asset Classification and Provisioning pertaining to Advances - Projects Under Implementation" on May 03, 2024, for stakeholder comments.

Posted in Others |   282 Views


GSTN Clarification on Handling Inadvertently Rejected Records on IMS

   20 June 2025 at 09:24

The Goods and Services Tax Network (GSTN) has issued a set of clarifications aimed at resolving taxpayer concerns regarding the treatment of inadvertently rejected invoices, debit notes, and credit notes on the newly introduced IMS

Posted in GST |   2079 Views



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