• Audit

NFRA proposes revision to SA 600 to allow review of branch auditors work

1 year ago

NFRA proposes revision to Standards of Auditing (SA) 600 to allow review of component / branch auditors work  The SA…

  • Income Tax

CBDT approves Auroville Foundation u/s 35(1)(iii) for AY 2025-2026 to 2029-2030

1 year ago

CBDT approves Auroville Foundation as ‘Other Institution’ for research in social science or statistical research u/s 35(1)(iii) MINISTRY OF FINANCE…

  • Income Tax

Order u/s 148A(d) mentioning sale proceeds as income chargeable to tax quashed.

1 year ago

Order u/s 148A(d) mentioning sale proceeds as income chargeable to tax quashed. Sale proceeds is not income chargeable to tax.…

  • SEBI

SEBI enabled T+2 trading of Bonus shares where T is the record date

1 year ago

SEBI enabled T+2 trading of Bonus shares where T is the record date SEBI has decided to enable T+2 trading of…

  • Income Tax

SC declines to interfere with HC order seeking PM office intervention for action against ITO

1 year ago

SC declines to interfere with HC order seeking intervention of PM office for action against Income Tax officials In a…

  • Income Tax

PCIT approval was without application of mind as it wrongly said no reply submitted u/s 148A(b)

1 year ago

PCIT approval for reopening was without application of mind as despite response it said no reply was submitted by the…

  • Income Tax

PCIT approval for re-opening only by putting signing was non application of mind

1 year ago

PCIT approval for re-opening only by putting signing was without application of mind -SC dismissed SLP  PCIT approval for re-opening…

  • NEPC

UPI per transactions limit increased to Rs. 5 lakhs for tax payments

1 year ago

National Payments Corporation of India (NPCI) has increased the UPI per transaction limit to Rs. 5 lakhs for tax payments…

  • Income Tax

Re-assessment concluded prior to SC judgment in Ashish Agarwal can not be opened afresh

1 year ago

Re-assessment concluded prior to Supreme Court judgment in Ashish Agarwal can not be opened afresh In a recent judgment, Hon'ble…

  • Excise/Custom

ICES to be used at International Courier Terminals to process export related payments

1 year ago

ICES to be used at International Courier Terminals to process export related payments CBIC has extended export related payment benefits…