Income Tax Act 2025 is simpler, clearer and more taxpayer-friendly, says Chief Commissioner. The new law aims to reduce complexity and improve tax compliance.
ICAI is planning to introduce Artificial Intelligence, data analytics, ESG, and forensic auditing into the CA curriculum. The proposed changes aim to prepare future chartered accountants for technology-driven finance and auditing roles.
The Ministry of Finance has issued a corrigendum to Customs Notification No. 14/2026, correcting tariff classifications and notification entries under the customs framework. Here are the key changes.
The Government of India has denied reports claiming temple gold will be monetised or used for strategic reserves. Officials called the rumours false and misleading.
GST refund filing process updated from May 2026. Taxpayers must now upload Annexure-B through the new offline utility for accumulated ITC refund claims on the GST portal.
ICAI has introduced a ceiling of 60 Tax Audit assignments per member for UDIN generation effective from April 1, 2026. Read the complete FAQs, applicable forms, counting rules, revised audit treatment and key compliance details.
Form 35 under the Income Tax Act 2025 is mandatory for Offshore Banking Units and IFSC entities claiming deductions. Check eligibility, due date, filing process, required documents and FAQs.
The Finance Ministry has revised central excise duty rates through Notification Nos. 22/2026 and 23/2026-Central Excise effective May 16, 2026. Check revised per litre rates, applicability and key implications.
The Income Tax Department has clarified the process for obtaining ITCC through Form 154 and Form 155 under Income Tax Rules 2026. Here's who must file, due dates, documents required and compliance rules for non-domiciled persons leaving India.
PM Modi has dismissed reports claiming the government plans to impose a cess, tax or surcharge on foreign travel. He reiterated the govt's focus on Ease of Doing Business and Ease of Living, while the media outlet later withdrew the inaccurate report.
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