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ICAI (Aggregation of LLPs) Guidelines 2024 notified by ICAI The Council of the Institute of Chartered Accountants of India (ICAI) has notified ICAI (Aggregation of LLPs) Guidelines 2024 w.e.f. 28.01.2025 The guidelines provide eligibility, governing provisions, registration, practice, re-constitution and exit rules for aggregation of LLPS among …
Incriminating material has to be identified with respect to each Assessment Year before proceeding u/s 153C – Department’s SLP dismissed In a recent judgment, Hon’ble Supreme Court has dismissed the SLP against the judgment of the Delhi High Court in holding that “incriminating material” would have to be …
Mere reimbursement of actual cost and expenses are not taxable service, for payment of service tax thereon – Supreme Court dismisses appeal of Department In a recent judgment, Hon’ble Supreme Court has affirmed the judgment of the Hon’ble CESTAT in holding that mere reimbursement of actual cost and …
Union Bank of India Empanelment of Concurrent Auditors FY 2025-26 for Partnership CA Firms. Union Bank of India invites applications from eligible/interested Chartered Accountant Partnership Firms for empanelment as Concurrent Auditors for conducting Concurrent Audit in the identified Branches / Offices for the financial year 2025-26 Last date …
Tax incentives to IFSCS – Income-tax (Second Amendment) Rules, 2025 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 10/2025 New Delhi, the 27th January, 2025 INCOME-TAX G.S.R. 76(E).—In exercise of the powers conferred by section 295 read with sub-item (b) of item (I) of sub- …
Maintainability of a writ petition against any order/award of MSEFC – matter referred to Constitution Bench. In a recent judgment, Hon’ble Supreme Court has referred the question of Maintainability of a writ petition against any order/award of Micro and Small Enterprises Facilitation Council (MSEFC) to Constitution Bench. ABCAUS …
Grant of temporary identification number for person not liable to registration under GST Act but is required to make any payment under GST Act – CGST Amendment GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS Notification No. 07/2025 – Central …
CBIC waives late fee u/s 47 of CGST Act 2017 for the financial years 2017-18 , 2018-19, 2019-20, 2020-21, 2021-22 or 2022-23 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS Notification No. 08/2025 – CENTRAL TAX New Delhi, dated the …
Revision application u/s 108 of UPGST Act 2017 can not be declined on the ground that remedy of appeal is available In a recent judgment, Allahabad High Court has held that sub section (2) of section 108 of CGST Act 2017 does not imply that first of all …
Guidance for application of the Principal Purpose Test (PPT) under India’s Double Taxation Avoidance Agreements CBDT has issued Circular No. 1/2025 dated 21.01.2025 as Guidance for application of the Principal Purpose Test (PPT) under India’s Double Taxation Avoidance Agreements The Multilateral Convention to Implement Tax Treaty Related Provisions …
