FinMin Constitutes RoSCTL Committee For Updating Recommended Ceiling Rates Schedules
The Ministry of Finance has notified the Constitution of Rebate of State and Central taxes and Levies (RoSCTL) Committee for updating the recommended ceiling...
These Saving Schemes Will No Longer Charge Fees For Nomination Change/Cancellation [READ NOTIFICATION]
The Ministry of Finance has notified the Government Savings Promotion General (Amendment) Rules, 2025 which amends Government Savings Promotion General Rules, 2018.Till now Rs....
Biometric Aadhaar Authentication & Document Verification for GST Registration in Assam: GSTN Issue Advisory
The Goods and Service Tax Network (GSTN) has issued the advisory on Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Assam...
FinMin Constitutes Drawback Committee for 2025: Key Members and Objectives
The Ministry of Finance and the Central Board of Indirect Taxes & Customs (CBIC), has officially constituted the Drawback Committee for the year 2025....
CBIC Strengthens Revenue Oversight, Streamlines Promotions, Cracks Down On Rs. 15 Crore Duty Evasion [READ NEWSLETTER]
Sanjay Kumar Aggarwal, the Chairman of Central Board of Indirect Taxes and Customs (CBIC) has issued the newsletter highlighting revenue oversight, streamlining promotions, and...
ICAI’s “New Exam Requirement” for Members Sparks Frenzy, But It’s All an April Fool’s Joke
A tweet by Chartered Accountant Akhil Pachori has caused a stir among the CA community, with many members believing that the Institute of Chartered...
Interest Rate for Special Deposit Scheme Revised: 7.1% Announced for 1 April to 30 June 2025
The Ministry of Finance (Department of Economic Affairs), the interest rate for deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation, and...
Parliamentary Panel Recommends Withholding Promotions for IAS Officers Failing to Submit Property Returns
A Parliamentary Standing Committee has recommended stricter penalties, including withholding promotions, for Indian Administrative Service (IAS) officers who fail to submit their Immovable Property...
E-Processing Of Import/ Export Through Personal Carriage By Air Passengers From May 2025: CBIC
The Central Board of Indirect Taxes and Customs (CBIC) has introduced electronic processing of import/ export through personal carriage by air passengers from 1st...
FAKE NEWS: “All CAs To Comply With This ICAI Guidance Note W.E.F. April 2025”: Know Correct Effective Date
The Institute of Chartered Accountants of India (ICAI) has issued the guidance note for the Chartered Accountants (CAs) in respect of financial statements of...
Technical Glitch: CBDT Waives Interest On Late TDS/TCS Payments
The Central Board of Direct Taxes (CBDT) has notified the waiver of interest on late payments of tax deducted at source (TDS) or tax...
Govt Notifies Finance Act 2025: 10 Key Changes [READ NOTIFICATION]
The Government of India has officially notified the Finance Act 2025 has been published in official gazette - After getting passed in both the...
Taxpayer Data Misuse Allegations: CBI Registers Case Against Income Tax Officials
The Central Bureau of Investigation (CBI) has registered a case against six individuals, including five officials of the Income Tax Department in Hyderabad—two Income...
MP John Brittas Urges Finance Minister to Revoke Denial of Eid-ul-Fitr Holiday For CBIC Officers [READ LETTER]
Rajya Sabha MP and CPI(M) Deputy Leader Dr. John Brittas has written to Union Finance Minister Nirmala Sitharaman, seeking urgent intervention regarding the denial...
CBIC Declares CGST Field Formations to Remain Open on March 29-31, 2025
The Central Board of Indirect Taxes & Customs (CBIC) has issued a directive stating that all field formations of the Central Goods and Services...
Govt. Appoints Panel of Sr./Jr. Standing Counsels For CBIC To Handle Indirect Tax Litigation In Delhi and Patna High Courts
The Ministry of Finance has appointed a Panel of Sr./Jr. Standing Counsels for Central Board of Indirect Taxes and Customs (CBIC) to Handle Indirect...
NACIN and IMU Sign MoU to Enhance CBIC Officers’ Marine Enforcement Training
The National Academy of Customs, Indirect Taxes, and Narcotics (NACIN) and Indian Maritime University (IMU) sign MoU for strategic knowledge partnership.The MoU establishes a...
CBIC Amends Import Policy of Channa: Exempts Social Welfare Surcharge and AIDC
The Central Board of Indirect Taxes and Customs (CBIC) has notified amendments in the import policy concerning Channa (chickpeas). The latest notification grants key...
New TDS Rules: CBDT Notifies Changes in Form 26Q
The Central Board of Direct Taxes (CBDT) has notified the Income-tax (Seventh Amendment) Rules, 2025 which further amend the Income-tax Rules, 1962 by adding...
ICAI Announces CA Final Exams to Be Held Thrice a Year from 2025
In a major reform benefiting Chartered Accountancy (CA) aspirants, the Institute of Chartered Accountants of India (ICAI) has announced that the CA Final exams...
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