CAG is inviting EoW from CA firms for audit of various bodies from July 2025 to March 2027  Engagement of CA firms to work with CAG teams for financial audit of financial statements of the Autonomous, Local or other Bodies received by CAG for audit during July 2025 …

Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2025 The Insolvency and Bankruptcy Board of India has amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 by notifying the Insolvency and Bankruptcy Board of …

Unless it is shown that money withdrawn from bank was utilized for some other purpose, no addition can be made merely because there was a time gap between a withdrawal and re-deposit of money In a recent judgment, the ITAT Allahabad has held that unless the Revenue can …

Foreign Contribution (Regulation) Amendment Rules, 2025. List of documents to be enclosed to applications revised. The Ministry of Home Affairs has notified the Foreign Contribution (Regulation) Amendment Rules, 2025 to amend the Foreign Contribution (Regulation) Rules, 2011. The amended rules shall become affective from 26th may 2025. The …

CBDT extends the due date of filing of ITRs for AY 2025-26 from 31.07.2025 to 15.09.2025 CBDT extends the due date of filing of ITRs for AY 2025-26 to 15.09.2025 for the class of assessees for which the due date for filing return of income was 31st July …

Onus lies on assessee to prove amount received from clients towards expenses were actually expended for the purpose intended. In a recent judgment, the ITAT Delhi has upheld that for amount received from clients towards expenses reimbursement, onus lies on assessee to prove that the expenses were wholly …