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Biocon Faces Rs 3 Crore Penalty Over GST Reporting Errors

Posted in GST on 24 February 2024
Biocon Ltd, a leading biopharmaceutical company, disclosed in a regulatory filing that it has been served with an order of adjudication, imposing a penalty of R..

GSTN to Share Data with RBI's Public Tech Platform for Frictionless Credit

Posted in GST on 24 February 2024
In a significant development aimed at facilitating smoother access to credit for businesses, the Government of India has granted permission to the GSTN to share..

ICAI issues May 2024 Guidelines for Continuing the Exhausted Exemptions - Making Exemption/s Permanent

Posted in Students on 23 February 2024
May 2024 Guidelines Issued for Continuing the Exhausted Exemptions - Making Exemption/s Permanent..

ICAI President Aims for Over 30 Lakh New CAs by 2047

Posted in Professional Resource on 23 February 2024
CA Ranjeet Agarwal set forth an ambitious vision, projecting that India would require over 30 lakh new Chartered Accountants by 2047 to support the nation's eco..

CBDT Issues Corrigendum Clarifying 6 Changes to ITR Forms ITR-2, ITR-3 and ITR-5 for AY 2024-25

Posted in Income Tax on 23 February 2024
The Central Board of Direct Taxes (CBDT) recently released a corrigendum, marked as Notification No. 22/2024 dated February 21, 2024, amending Notification No. ..

Byju's Founder Faces ED Notice Over Rs 9362 Crore FEMA Violation

Posted in Others on 23 February 2024
ED has reportedly prolonged its lookout circular (LOC) against Byju Raveendran, the founder of the embattled ed-tech giant Byju's, as part of an ongoing investi..

ICAI President Unveils Plan for UK & Canadian Chartered Accountants to Practice in India

Posted in Professional Resource on 22 February 2024
The Institute of Chartered Accountants of India (ICAI) has proposed that Chartered Accountants from the United Kingdom and Canada be permitted to practice in In..

ICAI President Unveils Vision for 2024-25 with 'Drishti' Framework

Posted in Professional Resource on 22 February 2024
The newly elected President of the Institute of Chartered Accountants of India (ICAI) CA. Ranjeet Kumar Agarwal, shared his vision at a press conference held in..

Personal Income Tax Collection to Surpass Corporate Income Tax for Second Consecutive Year

Posted in Income Tax on 22 February 2024
Data from the Income Tax department has revealed a significant shift in the tax landscape, with Personal Income Tax (PIT) set to outpace Corporate Income Tax (C..

MCA Implements Section 33 of the Competition (Amendment) Act, 2023

Posted in Corporate Law on 21 February 2024
The Ministry of Corporate Affairs (MCA) has taken a significant step towards bolstering India's competition regulatory framework with the enforcement of Section..