Budget (No. 2) 2024 updates – Increase in the standard deduction for salaried individuals
For the salaried persons, there has been a demand for the increase in the benefits to the individuals from a very long time. After the
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Download Finance Bill (No. 2) 2024 and Memorandum explaining the provisions in Finance Bill
The first Union Budget for Modi 3.0 Government has been presented on 23rd July 2024. To download the Finance Bill and Memorandum explaining the provisions
Recommendations of 53rd GST Council Meeting
The 53rd GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in New Delhi today. The meeting
Cabinet portfolio of Modi 3.0 Government
The President of India, as advised by the Prime Minister, has directed the allocation of portfolios among the following members of the Union Council of
Income tax update – Amended in Form 27Q
The Central Board of Direct Taxes (CBDT) has amended the Form 27Q by inserting the Note 7A under the head “Verification”. The notification reads as
Information System Audit – Assessment test on 13th July 2024
The Institute of Chartered Accountants of India (ICAI) has issued the announcement on 29th May 2024 in which it has been stated that the Assessment
CPE hours requirement for Chartered Accountants from 01-01-2024 onwards
With effect from 01-01-2024, the norms for CPE hours have changed for the CA members. The basic requirement for the CA members with respect to
Cost Inflation Index for FY 2024-25
The Ministry of Finance has notified the Cost Inflation Index for FY 2024-25, which is 363. Financial Year Cost Inflation Index 2001-02 (Base year) 100
Announcement of Dates for CA Foundation and CA Inter September 2024 dates
In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to announce
ICAI announces launch of self placed modules test (SPMT) portal for CA Final examinations
The Examination Department of ICAI has launched Self-Paced Module Test (SPMT) Portal – https://spmt.icai.org for the candidates who have completed prescribed learning hours for respective
ICAI announces applicable publications for CA Foundation and CA Inter for September 2024 examinations
The Institute of Chartered Accountants of India has announced applicable publications for CA foundation and CA Inter which are relevant for September 2024 examinations. FOUNDATION
Mock Test Papers Series – II & Series III for Students appearing in CA Foundation June 2024 Examinations
The Board of Studies is commencing Mock Test Papers Series – II & Series III from 22nd May, & 5th June, 2024 for Students appearing
Understanding the Assessment year and Previous year
In Indian income tax laws, understanding the concepts of the assessment year (AY) and the previous year (PY) is crucial for taxpayers to correctly determine
All about the New tax regime for AY 2024-25
The Income tax department has released the utilities and forms for the filing of Income tax returns for the AY 2024-25. For the filing of
Circular 7/2024 – Income Tax || Extension of due date for filing of Form No. 10A/10AB under the Income tax act
The Income Tax Department vide circular dated 25th April 2024 has extended the due date for filing of Form No. 10A/10AB till 30-06-2024. The due
Circular 6/2024 – Income Tax || Extension of date for PAN become operative in case of non deduction of TDS at higher rates
The Income Tax Department has issued the Circular No. 6/2024 dated 23rd April 2024 in which it has been stated that the Department shall not
Commencement of Live Virtual Classes (LVC Batch – 2) under the New Scheme from 27th April 2024 for the students of CA Foundation/Intermediate/Final courses appearing in September/November 2024 examinations
Board of Studies announces the commencement of 2nd Batch of ‘Live Virtual Classes’ under the New Scheme of Education and Training. To handhold and support
Re-opening of online empanelment of members to act as Obervers for May / June 2024 examinations
The Institute of Chartered Accountants of India (ICAI) has decided to reopen the online empanelment of members to act as observers at the examination centres
Mock Test Papers Series – I for Students appearing in CA Foundation June 2024 Examinations
The Institute of Chartered Accountants of India (ICAI) has announced the mock test paper series – I for the students appearing in June 2024 examination
ICAI – Cut-off date for enrollment in Foundation /Intermediate Course for appearing in September 2024/ January, 2025 Examinations
The Institute has decided that from May/June 2024 onwards, Intermediate & Foundation course Examinations will be held thrice in a year in the month of May/June, September and
GSTN advisory – Enhancement in GST portal
Dear Taxpayers, 1. GSTN is pleased to inform that an enhanced version of the GST portal would be launched on 3rd May 2024. The effort is
Extension of due date of gstr1 of March 2024
Due to the technical difficulties being faced while filing the GSTR1 for March 2024, the GST Tech (@Infosys_GSTN) has given the recommendation to CBIC to
CBDT clarifies on media reports claiming special drive to reopen cases with reference to HRA claims
The Central Board of Direct Taxes (CBDT) has clarified on 8th April 2024 where it has been clarified that no special drive to re-open the
Press release – Functionalities to file commonly used ITRs enabled by CBDT on 1st April, 2024
The Central Board of Direct Taxes (CBDT) has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024-25 (relevant to Financial
Notification regarding time limit for verification of return of income after uploading
The Central Board of Direct Taxes (CBDT) has issued the notification regarding the time limit for verification of Income tax returns after uploading. It is