Newsletter
Signup our newsletter to get update information, insight or news
Industry News Updates
Get all the latest news and top breaking news live related to Business & Income Tax … Read latest Business news, IT Notifications and news headlines online today.
Client Centric Approach
Backed By Experience
Team Work
SEBI Proposes to Broaden Credit Rating Agencies’ Scope
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 […]
HC Quashes Tax Recovery via Bank Due to No Notice to Debtor
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 […]
CBDT extends the due date of filing of ITRs which were due for filing by 31st July 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
HC Quashes Ex-Parte Order for Notice Sent to Wrong Auditor
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 […]
ICAI Issues FAQs on Financial Statements for Non-Corporate Entities
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, […]
Relaxation of time limit for processing of valid returns of income filed electronically pursuant to order u/s 119(2)(b) of the Income-tax Act,1961 passed by Competent Authority
Publish Date : Wednesday, June 25, 2025 source
Transfer of Leasehold Rights Not Liable to GST | Gujarat HC
Case Details: Saurashtra Tin and Metal Industries vs. Union of India - [2025] 175 taxmann.com 943 (Gujarat) Judiciary and Counsel Details Bhargav D. Karia & P. M. Raval, JJ. Dhaval Shah & Paresh V Sheth for the Petitioner. Pradip D Bhate for the Respondent. Facts of the Case The Petitioner was allotted an industrial plot by the […]
Govt. Notifies Unified Waqf Management Empowerment, Efficiency and Development Rules, 2025
Notification No. G.S.R. 442(E)., Dated: 03.07.2025 The Government has officially notified the Unified Waqf Management Empowerment, Efficiency, and Development Rules, 2025, under the provisions of the Unified Waqf Management Empowerment, Efficiency, and Development Act, 1995. These Rules aim to streamline and digitize the administration and supervision of waqf properties across the country. 1. Objective and […]
Let a Dedicated Tax Expert Do Your Taxes For You.
Get A Consultation
We Provide High-Quality Accounting & Tax Service. Our Businesses are evolving, in the economic realm by providing the best auditing, tax, and assurance services available.