ICAI Publications applicable to CA Foundation, Inter & Final Exam of May 2025 ICAI has issued list of BoS Publications applicable for Chartered Accountants Foundation, Intermediate and Final Examination to beheld in May 2025 as under: 1. Foundation course –BOS Publication applicable for May 2025 Examination Subjects Edition, …

CBDT extends due date of filing of audit report in Form No. 56 u/s 10AA(8) by SEZ Units for Assessment Year 2024-25 to 31.03.2025 F. No. 300173/1112025-ITA-IGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes(ITA-I Division) Circular No. 2/2025 Dated the 13th February, 2025 Sub: Extension …

Cost imposed on Authorities for cancelling GST Registration of the assessee without assigning any reason  In a recent judgment, the Hon’ble Allahabad High Court has imposed a cost on GST Authorities for cancelling GST Registration of the assessee without assigning any reason for cancellation. ABCAUS Case Law Citation:4418 …

Penalty u/s 272A(1)(d) deleted. Though law is equal to all, its implementation should not be in a way to take undue advantage of the inability of the assessee – ITAT  In a recent judgment, the ITAT Mumbai has deleted penalty u/s 272A(1)(d) of the Income Tax Act, 1961 …

CBIC introduces Ekal Anubandh – Single Unified Multi-Purpose Electronic Bond in Customs In order to enhance efficiency and reduce the administrative load on businesses, CBIC has decided to introduce a project named “Ekal Anubandh”, wherein trade will be encouraged to use single All-India Multi-purpose Electronic Bond with end-to-end …

Automation of Refund Application and Processing in Customs- Online processing and disbursal of Customs duty refund applications enabled on the Customs Automated System. Currently, Refund Application under section 27 is filed manually in terms of Customs Refunds Application (Form) Regulations, 1995. CBIC has already stipulated procedure for handling …