• July 15, 2025

The Accounting Standards Board (ASB) of the Institute of Chartered Accountants of India (ICAI) has released three Tentative Agenda Decisions (TADs) received from the IFRS Interpretations Committee (IFRIC). These decisions address interpretive issues under the newly issued IFRS 18, Presentation and Disclosure in Financial Statements, as well as IFRS 9, Financial Instruments, promoting consistency in […]

• July 15, 2025

Publish Date : Monday, July 14, 2025 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1228/Press-release-ITD-Cracks-Down-on-Bogus-Claims-of-Deductions-Exemptions-dated-14-07-2025.pdf source

• July 14, 2025

Fund-based instruments are financial instruments through which banks or financial institutions provide direct credit or funds to borrowers. These instruments involve actual outflow of funds and are typically used by businesses and governments to meet working capital needs, infrastructure development, or other financing requirements. Table of Contents Indian Fund Based Bonds Check out Taxmann's Strategic […]

• July 13, 2025

SEBI Report; Dated: 09.07.2025 The Securities and Exchange Board of India (SEBI) has issued a consultation paper outlining proposed regulatory changes for Credit Rating Agencies (CRAs). The proposals aim to expand the functional scope of CRAs while ensuring continued regulatory oversight and investor protection. 1. Current Restrictions Under CRA Regulations As per the existing CRA […]

• July 13, 2025

Publish Date : Tuesday, July 1, 2025 source

• July 12, 2025

Case Details: Galaxy International vs. Union of India - [2025] 176 taxmann.com 35 (Bombay) Judiciary and Counsel Details M.S. Sonak & Jitendra Jain, JJ. Prakash Shah, Sr. Adv., Brijesh Pathak & Dulraj Jain for the Petitioner. Jitendra B. Mishra, Ms Sangeeta Yadav & Rupesh Dubey for the Respondent. Facts of the Case The petitioner was subjected to a tax […]

• July 12, 2025

Details : ​​ Publish Date : Tuesday, May 27, 2025 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1226/CBDT-extends-the-due-date-of-filing-of-ITRs-which-were-due-for-filing-by-31st-July-2025.pdf source

• July 11, 2025

Case Details: Suresh Kumar Paruchuri v.Commissioner of Income-tax (Appeals), NFAC, Delhi - [2025] 176 taxmann.com 113 (Karnataka) Judiciary and Counsel Details Pradeep Singh Yerur, J. Sandeep Huilgol, Adv. for the Petitioner. M. Tirumalesh & Smt. Roopa, Advs. for the Respondent. Facts of the Case The assessee individual earned certain income by rent and from capital gains during the […]

• July 10, 2025

The Institute of Chartered Accountants of India (ICAI) had earlier issued the Guidance Note on Financial Statements of Non-Corporate Entities to prescribe standardised formats for financial statements of various non-corporate entities, including sole proprietorships, partnerships, HUFs, societies, trusts, and other organisations engaged in business or professional activities. The objective was to enhance the understandability, reliability, […]